---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-020061"
form_type: "8-K"
ticker: "ADV"
cik: "0001776661"
company_name: "Advantage Solutions Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:48:16.985405+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions Q1 revenue up 10.6% to $1.01B, net loss of $47.7M; reaffirms FY2023 EBITDA guidance

## Summary
- Revenue $1.012B, up 10.6% YoY (+12.1% ex-FX); Marketing segment up 23% on in-store sampling recovery.
- GAAP net loss $47.7M vs net income $17.5M YoY; operating loss $8.3M vs income $23.0M.
- Adjusted EBITDA $92.1M, down 4.8% YoY; FY2023 Adj. EBITDA guidance reaffirmed at $400-420M.
- Voluntarily repurchased ~$2M of term loan at discount; net leverage ~4.5x; hedged ~84% of debt via collar.
- CEO Dave Peacock completed first 90 days; executive team built out with consumer/retail leaders.

## SEC filing metadata
- accession: 0000950170-23-020061
- form_type: 8-K
- ticker: ADV
- cik: 0001776661
- company_name: Advantage Solutions Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/adv-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-020061
- JSON: https://secwatch.observer/filing/0000950170-23-020061.json
- Plain text: https://secwatch.observer/filing/0000950170-23-020061.txt

## Key facts
- Earnings Releases
  Advantage Solutions Inc. updated its Fiscal Year 2023 guidance (reaffirmed).
  - Period: Fiscal Year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company is reiterating its guidance for fiscal 2023 with Adjusted EBITDA anticipated to range from $400 million to $420 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm
- Earnings Releases
  Advantage Solutions Inc. reported First Quarter 2023 results: revenue $1,012.0 million, net income Net loss of $47.7 million.
  - Period: First Quarter 2023
  - Revenue: $1,012.0 million
  - Net income: Net loss of $47.7 million
  - Result: reported results
  source text: Revenues were $1,012.0 million for the first quarter of 2023, representing an increase of $97.2 million, or 10.6% from the first quarter 2022 revenues of $914.8 million. Excluding unfavorable foreign exchange rates, revenues increased by $110.3 million, or 12.1%. • Operating loss of $8.3 million for the first quarter of 2023, representing a decrease of $31.3 million from the first quarter 2022 operating income of $23.0 million. 1 • Net loss of $47.7 million for the first quarter of 2023, representing a decrease of $65.2 million from the first quarter 2022 net income of $17.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm

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