{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-068542","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.673975+00:00","generated_at":"2026-05-22T00:05:59.392737+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advantage Solutions Q1 revenue down 5% to $822M; lowers FY2025 guidance","bullets":["Net loss widened to $56M from $50M; Adjusted EBITDA fell 18% to $58M.","Branded Services revenue declined 11.9% to $290M; Experiential up 2.2%.","Guidance cut: FY2025 revenue now down low-single digits to flat (prior up low-single digits).","Voluntary debt repurchases of ~$20M face value and ~$1M share buybacks in Q1.","Net leverage ratio at 4.4x; capex guidance unchanged at $65-75M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-068542","json":"https://secwatch.observer/filing/0000950170-25-068542.json","markdown":"https://secwatch.observer/filing/0000950170-25-068542.md","text":"https://secwatch.observer/filing/0000950170-25-068542.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017025068542/0000950170-25-068542-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017025068542/adv-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T00:05:59.392737+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}