{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-268048","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.402712+00:00","generated_at":"2026-05-16T23:53:58.034582+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Advantage Solutions Q3 net income $21M vs loss; cuts FY Adj EBITDA outlook","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-268048","json":"https://secwatch.observer/filing/0001193125-25-268048.json","markdown":"https://secwatch.observer/filing/0001193125-25-268048.md","text":"https://secwatch.observer/filing/0001193125-25-268048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000119312525268048/0001193125-25-268048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000119312525268048/adv-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:53:58.034582+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"}