Advantage Solutions Q1 2023 Earnings Report
Key Takeaways
Advantage Solutions reported a 10.6% increase in revenue to $1.0 billion for Q1 2023, driven by growth in both the Sales and Marketing segments. However, the company experienced an operating loss of $8.3 million and a net loss of $47.7 million, with Adjusted EBITDA decreasing by 4.8% to $92.1 million.
Revenues increased by 10.6% year-over-year to $1.012 billion, or 12.1% excluding foreign exchange impacts.
Operating loss was $8.3 million, a decrease of $31.3 million compared to the prior year's operating income of $23.0 million.
Net loss was $47.7 million, a decrease of $65.2 million compared to the prior year's net income of $17.5 million.
Adjusted EBITDA decreased by 4.8% to $92.1 million.
Advantage Solutions
Advantage Solutions
Advantage Solutions Revenue by Segment
Forward Guidance
The Company is reiterating its guidance for fiscal 2023 with Adjusted EBITDA anticipated to range from $400 million to $420 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income