{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-005513","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.495117+00:00","generated_at":"2026-06-18T18:32:29.015753+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Advantage Solutions reports Q4 operating loss of $1.54B; FY2023 EBITDA guidance $400M-$420M","bullets":["Q4 revenue $1,102.8M (+6.8% YoY); FY2022 revenue $4,049.7M (+12.4% YoY), first time above $4B.","Q4 operating loss $1,537.5M includes $1,367.5M goodwill impairment and $205M intangible impairment.","Q4 net loss $1,421.7M vs. net income $28.0M in Q4 2021; FY2022 net loss $1,377.3M.","Q4 Adjusted EBITDA $112.7M (-26.9% YoY); FY2022 Adjusted EBITDA $436.0M (-16.3% YoY).","FY2023 Adjusted EBITDA guidance $400M-$420M, citing labor market, inflation, and macro headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-005513","json":"https://secwatch.observer/filing/0000950170-23-005513.json","markdown":"https://secwatch.observer/filing/0000950170-23-005513.md","text":"https://secwatch.observer/filing/0000950170-23-005513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/0000950170-23-005513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/adv-20230301.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T18:32:29.015753+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"76d7687681c6c980c397bf364a17c650639e4364","claim":"Advantage Solutions Inc. reported the fourth quarter and full fiscal year ended December 31, 2022 results: revenue Revenues were $1,102.8 million for the fourth quarter of 2022, net income Net loss of $1,421.7 million for the fourth quarter of 2022. Guidance initiated.","evidence_excerpt":"On March 1, 2023, Advantage Solutions Inc. (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/0000950170-23-005513-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full fiscal year ended December 31, 2022"},{"label":"Revenue","value":"Revenues were $1,102.8 million for the fourth quarter of 2022"},{"label":"Net income","value":"Net loss of $1,421.7 million for the fourth quarter of 2022"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}