Advantage Solutions reported third-quarter 2026 revenues of $913.7 million and a net loss of $25.1 million. It announced a strategic realignment, paused HCM development and estimates $7.0 million to $10.0 million of costs before completion in early 2027.
ADV · Advantage Solutions Inc.
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
Up next
Latest documents
Advantage Solutions reported third-quarter pro forma net revenues of $782 million, up 1%, and adjusted EBITDA of $85 million, down 12%, while launching a restructuring expected to yield approximately $25 million of annualized savings net of investment.
Advantage Solutions Inc. amended David Peacock's employment agreement on October 30, 2026, adding change-in-control severance of two times his target bonus and 100% accelerated vesting of time-based equity awards, subject to a 24-month condition for pre-effective-date awards.
Advantage Solutions Inc.'s Board approved the Fourth Amended and Restated Bylaws on October 15, 2026, enhancing stockholder nomination and proposal procedures and incorporating universal proxy rules under Rule 14a-19, plus technical changes.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Advantage delivered a fourth consecutive quarter of revenue growth excluding divestitures, with strength in Experiential and Retailer Services, but pro forma consolidated Adjusted EBITDA fell 12% excluding divestitures and the company reported a $25.1 million net loss. Branded Services remained under pressure, full-year Adjusted EBITDA guidance remains flat to down mid-single digits, restructuring targets approximately $25 million in near-term annualized net savings with at least $5 million of additional savings planned, and 2026 capital-expenditure expectations were reduced.
- + Net revenues excluding divestitures grew for a fourth consecutive quarter, led by Experiential Services and Retailer Services.
- + Experiential Services delivered a strong quarter supported by healthy demand, higher event volumes and strong execution.
- + Retailer Services Adjusted EBITDA returned to growth, including double-digit growth excluding tariff refunds.
- + The restructuring plan targets approximately $25 million of near-term annualized net savings, with at least $5 million of additional savings planned over time.
- + Pausing the Workday implementation reduced 2026 capital-expenditure expectations to $40 million–$45 million from $45 million–$55 million.
- + Third-quarter Adjusted Unlevered Free Cash Flow was $99 million, representing 116% conversion of Adjusted EBITDA.
- − Adjusted EBITDA declined 12% on a pro forma basis excluding divestitures to $85 million.
- − Branded Services remained under pressure, with net revenues down 11% and Adjusted EBITDA down 55% excluding divestitures.
- − The Workday pause resulted in an $8.1 million non-cash impairment charge.
- − Third-quarter net loss was $25.1 million, compared with net income of $20.6 million in the prior-year quarter.
- − Full-year Adjusted EBITDA guidance remains flat to down mid-single digits.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $75.84M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss -62.71M
+39.96M Interest expense, net
+21.83M Income tax expense
+51.27M Depreciation and amortization
+7.18M Stock-based compensation expense
+0K Debt financing costs (a)
+4.1M Restructuring expenses (b)
+5.49M Reorganization and transformation-related expenses (c)
+1.85M Acquisition and divestiture expenses, net of (gains) losses (d)
+394K Litigation expenses, net of recoveries (e)
+5M Impairment of non-marketable equity securities (f)
+0K COVID-19 government relief payments received
+0K Equity-based compensation of Karman Topco L.P. (g)
+1.49M EBITDA from economic interests in investments (h)
+0K Other
= Adjusted EBITDA 75.84M
|
|||
| Adjusted EBITDA Margin non-GAAP | 8.2% | Six Months Ended June 30, 2026 | — |
| Adjusted Net (Loss) Income non-GAAP | -18.61M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss -62.71M
+0K Debt financing costs (a)
+5M Impairment of non-marketable equity securities (f)
+0K Equity-based compensation of Karman Topco L.P. (g)
+1.85M Acquisition and divestiture expenses, net of (gains) losses (d)
+4.1M Restructuring expenses (b)
+5.49M Reorganization and transformation-related expenses (c)
+394K Litigation expenses, net of recoveries (e)
+42.31M Amortization of intangible assets
+0K Gain on repurchases of Term Loan Facility and Notes (i)
+0K Other
-15.04M Tax adjustments related to non-GAAP adjustments (j)
= Adjusted Net (Loss) Income -18.61M
|
|||
| Adjusted Unlevered Free Cash Flow non-GAAP | 18.7M | Quarter Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash used in operating activities -6.52M
-9.44M Purchase of property and equipment and development of capitalized software
+18.73M Cash payments for interest
+4.2M Cash payments for income taxes
+114K Cash paid for acquisition and divestiture related expenses
+691K Cash paid for restructuring expenses
+11.05M Cash paid for reorganization expenses
-147K Net effect of foreign currency fluctuations on cash
= Adjusted Unlevered Free Cash Flow 18.69M
|
|||
| Adjusted Unlevered Free Cash Flow (% of Adjusted EBITDA) non-GAAP | 24.6% | Quarter Ended June 30, 2026 | — |
| Branded Services Adjusted EBITDA non-GAAP | $21.78M | Three Months Ended June 30, 2026 filing | — |
| Experiential Services Adjusted EBITDA non-GAAP | $34.18M | Three Months Ended June 30, 2026 filing | — |
| Retailer Services Adjusted EBITDA non-GAAP | $19.88M | Three Months Ended June 30, 2026 filing | — |
| Total Net Debt non-GAAP | $1.48B | As of June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total debt 1.59B
-102.31M Less: Cash and cash equivalents
= Total Net Debt 1.48B
|
|||
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Advertising Agencies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ADV
this stock
Advantage Solutions Inc.
|
$389.59M | — | -0.7% | — | 4.8% |
|
APP
AppLovin Corp
|
$135.54B | -39.3% | +70.0% | 27.5 | 3.3% |
|
OMC
Omnicom Group Inc.
|
$24.01B | +9.0% | +10.1% | — | 8.9% |
|
TTD
Trade Desk, Inc.
|
$7.41B | -58.7% | +18.5% | 22.7 | 15.3% |
|
WPP
WPP plc
|
$5.99B | +23.7% | — | — | 0.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 4, 2026
- This year
- 25
Advantage Solutions reported third-quarter 2026 revenues of $913.7 million and a net loss of $25.1 million. It announced a strategic realignment, paused HCM development and estimates $7.0 million to $10.0 million of costs before completion in early 2027.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ADV | -3.4% | +5.0% | -28.7% | +0.9% | +38.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -6.0% | +6.2% | -29.2% | +1.1% | +28.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.