Earnings Releases·Nov 4, 2026, 7:00 AM ET

Advantage Solutions — Third Quarter 2026 Earnings Summary

Q3 2026 total revenues declined 0.1% to $913.7 million, while net loss widened to $25.1 million from a $20.6 million net income in the prior year period; Adjusted EBITDA fell 14.2% to $85.4 million.
Full-year 2026 guidance remains unchanged, projecting revenues flat to up low single digits (excluding reimbursable expenses) and Adjusted EBITDA flat to down mid single digits, with Free Cash Flow guidance maintained at $250–$275 million.
Segment performance diverged significantly: Experiential Services grew revenues 14.3% and Retailer Services grew revenues 1.0% with 43.3% EBITDA growth, whereas Branded Services revenues dropped 20.0% and EBITDA fell 57.7% due to client losses and unfavorable mix.
Management announced restructuring actions expected to generate $25 million in near-term annualized net savings and reiterated confidence in sequential profitability improvements for Branded Services in Q4.
Capital return activity included $19.3 million in treasury stock repurchases over the nine months, while net leverage stood at 4.6x with $131.3 million in cash and cash equivalents.