earnings
confidence high
sentiment negative
materiality 0.75
Advantage Solutions Q3 net income $21M vs loss; cuts FY Adj EBITDA outlook
Advantage Solutions Inc.
- Q3 revenue $915M (-2.6% YoY); net income $21M vs loss $37M a year ago.
- Adjusted EBITDA $100M (-1.4% YoY); margin up 20bps to 10.9%; experiential services drove growth.
- Experiential Services revenue +10.2% to $378M, adjusted EBITDA +51.6% to $35M; branded services -12.8%.
- Generated $98M adjusted unlevered free cash flow; cash $201M; net leverage 4.4x.
- FY2025 outlook: revenue down low-single-digit to flat; Adj EBITDA down mid-single digits, modestly lowered.
item 2.02item 9.01