Advantage Solutions Inc.
08/05/2026 | Press release | Distributed by Public on 08/05/2026 05:13
Advantage Solutions Reports Second Quarter 2026 Results (Form 8-K)
Advantage Solutions Reports Second Quarter 2026 Results
Solid revenue growth driven by Experiential and Retailer Services
Reiterates full-year Revenues and Adjusted EBITDA guidance ranges
Ended the quarter with $102.3M of cash
ST. LOUIS, August 5, 2026 - Advantage Solutions Inc. (NASDAQ: ADV) ("Advantage," "Advantage Solutions," the "Company," "we," or "our"), a leading business solutions provider to consumer-packaged goods (CPG) brands and retailers, today reported financial results for the three and six months ended June 30, 2026.
Revenues for the three months ended June 30, 2026 were $889.5 million compared with $873.7 million, and net loss was $62.7 million compared with a net loss of $30.4 million.
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Q2'26 Financial Highlights |
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Revenues increased 1.8% to $889.5 million and Adjusted EBITDA decreased 12.2% to $75.8 million |
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Experiential Services delivered another strong quarter driven by higher event volumes, while Branded Services remained pressured and Retailer Services was impacted by temporary project timing and execution cost headwinds |
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Ended the quarter with $102.3 million in cash and generated $18.7 million of adjusted unlevered free cash flow |
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"Clients continue to prioritize programs that deliver measurable returns, and our second consecutive quarter of revenue growth, together with accelerating demand in Experiential Services, underscores the value of the capabilities we have built across Advantage," said Advantage CEO Dave Peacock. "As we manage temporary timing and execution pressures in Retailer Services and a more gradual recovery in Branded Services, we are reiterating full-year guidance ranges for revenues, Adjusted EBITDA, and free cash flow. We remain focused on disciplined execution, investing in data and analytics, generating free cash flow, and building a more durable, profitable Advantage."
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Consolidated Financial Summary |
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(amounts in thousands) |
Three Months Ended June 30, |
Change (Reported) |
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2026 |
2025 |
$ |
% |
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Total Revenues |
$ |
889,450 |
$ |
873,707 |
$ |
15,743 |
1.8% |
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Total Net Loss |
$ |
(62,707) |
$ |
(30,440) |
$ |
(32,267) |
(106.0%) |
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Total Adjusted EBITDA |
$ |
75,837 |
$ |
86,412 |
$ |
(10,575) |
(12.2%) |
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Adjusted EBITDA Margin |
8.5% |
9.9% |
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Six Months Ended June 30, |
Change (Reported) |
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|
2026 |
2025 |
$ |
% |
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Total Revenues |
$ |
1,759,051 |
$ |
1,695,499 |
$ |
63,552 |
3.7% |
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Total Net Loss |
$ |
(134,538) |
$ |
(86,570) |
$ |
(47,968) |
(55.4%) |
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Total Adjusted EBITDA |
$ |
143,582 |
$ |
144,593 |
$ |
(1,011) |
(0.7%) |
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Adjusted EBITDA Margin |
8.2% |
8.5% |
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Advantage Solutions Inc. | Page 1
Financial Results
2nd Quarter 2026
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Segment Financial Summary |
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Revenues |
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Segment |
Three Months Ended June 30, |
Six Months Ended June 30, |
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(amounts in thousands) |
2026 |
2025 |
YoY (Reported) |
2026 |
2025 |
YoY (Reported) |
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Branded Services |
$ |
235,979 |
$ |
295,221 |
(20.1%) |
$ |
492,971 |
$ |
585,062 |
(15.7%) |
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Experiential Services |
$ |
416,311 |
$ |
347,706 |
19.7% |
$ |
801,791 |
$ |
661,726 |
21.2% |
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Retailer Services |
$ |
237,160 |
$ |
230,780 |
2.8% |
$ |
464,289 |
$ |
448,711 |
3.5% |
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Total |
$ |
889,450 |
$ |
873,707 |
1.8% |
$ |
1,759,051 |
$ |
1,695,499 |
3.7% |
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Operating (Loss) Income |
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Three Months Ended June 30, |
Six Months Ended June 30, |
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Segment |
2026 |
2025 |
YoY (Reported) |
2026 |
2025 |
YoY (Reported) |
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Branded Services |
$ |
(24,058) |
$ |
(10,540) |
(128.3%) |
$ |
(40,121) |
$ |
(25,862) |
(55.1%) |
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Experiential Services |
$ |
18,712 |
$ |
10,859 |
72.3% |
$ |
30,212 |
$ |
7,355 |
310.8% |
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Retailer Services |
$ |
7,038 |
$ |
9,692 |
(27.4%) |
$ |
15,762 |
$ |
13,897 |
13.4% |
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Total |
$ |
1,692 |
$ |
10,011 |
(83.1%) |
$ |
5,853 |
$ |
(4,610) |
227.0% |
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Adjusted EBITDA |
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|
Three Months Ended June 30, |
Six Months Ended June 30, |
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Segment |
2026 |
2025 |
YoY (Reported) |
2026 |
2025 |
YoY (Reported) |
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Branded Services |
$ |
21,777 |
$ |
34,042 |
(36.0%) |
$ |
42,659 |
$ |
61,987 |
(31.2%) |
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Experiential Services |
$ |
34,182 |
$ |
25,886 |
32.0% |
$ |
60,256 |
$ |
37,955 |
58.8% |
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Retailer Services |
$ |
19,878 |
$ |
26,484 |
(24.9%) |
$ |
40,667 |
$ |
44,651 |
(8.9%) |
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Total |
$ |
75,837 |
$ |
86,412 |
(12.2%) |
$ |
143,582 |
$ |
144,593 |
(0.7%) |
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Q2'26 Segment Highlights
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Branded Services |
Experiential Services |
Retailer Services |
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More gradual recovery expected as constrained CPG spending, insourcing and select client losses pressure the business |
Delivered another strong quarter, driven by sustained demo demand, expanding event volumes and strong operational execution |
Results impacted by difficult prior-year comp and higher execution costs on a merchandising project |
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Focused on stabilizing revenues with client retention, greater client engagement, and pipeline conversion |
Demand accelerating across existing clients and new vendor launches, supporting more event volume growth |
Expect sequential improvement through the second half of 2026 as project activity ramps and project-related earnings volatility moderates |
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CPG merchandising projects were a relative bright spot, providing encouraging signs for future commercial activity |
Expanding capacity and strengthening labor readiness to meet demand while upholding execution quality |
Encouraging pipeline, supported by growing demand and improving visibility into second-half activity |
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Prioritizing measurable ROI through data, analytics and execution while investing in talent |
Focused on improving profitability through labor efficiency, stronger training and safety protocols, and higher-return demos |
Focused on execution discipline, staffing alignment and operating consistency to better match costs with project activity |
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Advantage Solutions Inc. | Page 2
Financial Results
2nd Quarter 2026
Cash Flow and Balance Sheet Highlights
(Amounts in Millions)
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Quarter Ended June 30, 2026 |
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Adjusted Unlevered Free Cash Flow / % of Adjusted EBITDA |
$18.7 / 24.6% |
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Capex |
$9.4 |
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Gross Debt |
$1,585 |
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Cash and Cash Equivalents |
$102 |
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Net Leverage Ratio(1) |
4.5x |
Fiscal Year 2026 Outlook
(Amounts in Millions)
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New Guidance |
Prior Guidance |
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Revenues(2) |
Unchanged |
Flat to Up Low Single Digits |
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Adjusted EBITDA |
Unchanged |
Flat to Down Mid Single Digits |
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Free Cash Flow (3) |
Unchanged |
Unlevered: $250 - $275 Net: ~25% of EBITDA |
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Net Interest Expense |
~ $160 |
$160 to $170 |
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Capex |
$45 to $55 |
$50 to $60 |
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Conference Call Details |
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Date/Time |
August 5, 2026, 8:30 am EDT |
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Dial-in (10 minutes before the call) |
(833) 461-5787 within the United States or +1 (585) 542-9983 outside the United States Conference ID: 254428950 |
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Webcast |
Available at: ADV 2Q26 Earnings Webcast |
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Replay |
Available at: Investor Relations section of the Advantage Solutions website at ir.youradv.com. |
Investor Contact: [email protected]
Media Contact: [email protected]
NMF = Not Meaningful
(1) Net leverage ratio is defined as Net Debt divided by LTM Adjusted EBITDA.
(2) 2026 revenue outlook excludes reimbursable expenses.
(3) Net free cash flow is defined as cash flow from operations, less capital expenditures. Net FCF conversion of 25% is excluding incremental debt refinancing costs.
Advantage Solutions Inc. | Page 3
Financial Results
2nd Quarter 2026
About Advantage Solutions
Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it's creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit YourADV.com.
Included with this press release are the Company's consolidated and condensed financial statements as of and for the three months ended June 30, 2026. These financial statements should be read in conjunction with the information contained in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on August 5, 2026.
Advantage Solutions Inc. published this content on August 05, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 05, 2026 at 11:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]