---
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"
generated_at: "2026-06-18T18:32:29.015753+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions reports Q4 operating loss of $1.54B; FY2023 EBITDA guidance $400M-$420M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005513
- JSON: https://secwatch.observer/filing/0000950170-23-005513.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005513.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter and full fiscal year ended December 31, 2022
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/0000950170-23-005513-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.