Advantage Solutions Q3 revenue flat, adjusted EBITDA down 14%
ADV•Advantage Solutions reported third-quarter revenue of $913.7 million, flat year over year, while adjusted EBITDA fell 14.2%. The company announced restructuring actions targeting $25 million in annualized near-term net savings and expects 2026 revenue to be flat to up low single digits.
1. Quarterly results
Advantage Solutions reported third-quarter revenue of $913.7 million, compared with a consensus estimate of $899.5 million. Adjusted EBITDA fell 14.2% from a year earlier, and the company reported a loss per share of $1.96.
2. Outlook and restructuring
The company announced restructuring actions targeting $25 million in annualized near-term net savings. For 2026, it expects revenue to be flat to up low single digits, adjusted EBITDA to be flat to down mid single digits, and unlevered free cash flow of $250 million to $275 million. Experiential Services saw strong demand and Retailer Services returned to growth, while Branded Services remained under pressure from client losses and unfavorable business mix.
