{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-059749","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.387265+00:00","generated_at":"2026-06-08T16:44:56.344956+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Advantage Solutions Q3 revenue $1.1B, net loss $22.6M; sees FY adj EBITDA upper end of $400-420M","bullets":["Revenue $1,096M, +4.3% YoY; Marketing segment +15.5%, Sales -2.7%.","Net loss $22.6M vs net income $23.2M; operating income $16.0M vs $46.8M.","Adjusted EBITDA $113.1M, -4.3% YoY; FY2023 guidance raised to upper end of $400-420M.","Repurchased $56.8M of term loan at discount; net leverage ~4.2x.","Restructuring into three segments; divestiture of Atlas Technology Group."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-059749","json":"https://secwatch.observer/filing/0000950170-23-059749.json","markdown":"https://secwatch.observer/filing/0000950170-23-059749.md","text":"https://secwatch.observer/filing/0000950170-23-059749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023059749/0000950170-23-059749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023059749/adv-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T16:44:56.344956+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":"4341f91c6fbc6bdc3587b39ab84924ff752bb778","claim":"Advantage Solutions Inc. reported three months ended September 30, 2023 results: revenue $1,096.1 million, net income Net loss in the quarter was $22.6 million. Guidance reaffirmed.","evidence_excerpt":"Revenues for the third quarter were $1,096.1 million, up $45.0 million, or 4.3%, from third quarter 2022 revenues of $1,051.1 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023059749/0000950170-23-059749-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2023"},{"label":"Revenue","value":"$1,096.1 million"},{"label":"Net income","value":"Net loss in the quarter was $22.6 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}