{
  "report_rows": [
    {
      "kpi": "Total adjusted EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.87B vs. cons $1.843B",
      "confidence": "LOW"
    },
    {
      "kpi": "Streaming EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$395M vs. cons $382M",
      "confidence": "LOW"
    },
    {
      "kpi": "Studios EBITDA",
      "prediction": "MISS",
      "answer": "pred ~$405M vs. cons $426M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Global streaming subscribers (FY26)",
      "prediction": "LOWER",
      "answer": "guide >150M vs. cons 153.4M",
      "confidence": "LOW"
    },
    {
      "kpi": "Subscriber-related revenue growth (Q2/FY26)",
      "prediction": "BETTER",
      "answer": "accelerated growth; consensus UNVERIFIED",
      "confidence": "LOW"
    },
    {
      "kpi": "Studios annual EBITDA objective",
      "prediction": "UNCHANGED",
      "answer": "reiterate at least $3B; consensus UNVERIFIED",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -2.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 maintained targets leave forward estimates soft",
  "day5_confidence": "LOW"
}