ADV

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Financial Results

2nd Quarter 2026

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.

Q2'26 Financial Highlights

Revenues increased 1.8% to $889.5 million and Adjusted EBITDA decreased 12.2% to $75.8 million

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

Ended the quarter with $102.3 million in cash and generated $18.7 million of adjusted unlevered free cash flow

“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.”

Consolidated Financial Summary

(amounts in thousands)

Three Months Ended June 30,

Change (Reported)

2026

2025

$

%

Total Revenues

$

889,450

$

873,707

$

15,743

1.8%

Total Net Loss

$

(62,707)

$

(30,440)

$

(32,267)

(106.0%)

Total Adjusted EBITDA

$

75,837

$

86,412

$

(10,575)

(12.2%)

Adjusted EBITDA Margin

8.5%

9.9%

Six Months Ended June 30,

Change (Reported)

2026

2025

$

%

Total Revenues

$

1,759,051

$

1,695,499

$

63,552

3.7%

Total Net Loss

$

(134,538)

$

(86,570)

$

(47,968)

(55.4%)

Total Adjusted EBITDA

$

143,582

$

144,593

$

(1,011)

(0.7%)

Adjusted EBITDA Margin

8.2%

8.5%

Advantage Solutions Inc. | Page 1

Financial Results

2nd Quarter 2026

Segment Financial Summary

Revenues

Segment

Three Months Ended June 30,

Six Months Ended June 30,

(amounts in thousands)

2026

2025

YoY (Reported)

2026

2025

YoY (Reported)

Branded Services

$

235,979

$

295,221

(20.1%)

$

492,971

$

585,062

(15.7%)

Experiential Services

$

416,311

$

347,706

19.7%

$

801,791

$

661,726

21.2%

Retailer Services

$

237,160

$

230,780

2.8%

$

464,289

$

448,711

3.5%

Total

$

889,450

$

873,707

1.8%

$

1,759,051

$

1,695,499

3.7%

Operating (Loss) Income

Three Months Ended June 30,

Six Months Ended June 30,

Segment

2026

2025

YoY (Reported)

2026

2025

YoY (Reported)

Branded Services

$

(24,058)

$

(10,540)

(128.3%)

$

(40,121)

$

(25,862)

(55.1%)

Experiential Services

$

18,712

$

10,859

72.3%

$

30,212

$

7,355

310.8%

Retailer Services

$

7,038

$

9,692

(27.4%)

$

15,762

$

13,897

13.4%

Total

$

1,692

$

10,011

(83.1%)

$

5,853

$

(4,610)

227.0%

Adjusted EBITDA

Three Months Ended June 30,

Six Months Ended June 30,

Segment

2026

2025

YoY (Reported)

2026

2025

YoY (Reported)

Branded Services

$

21,777

$

34,042

(36.0%)

$

42,659

$

61,987

(31.2%)

Experiential Services

$

34,182

$

25,886

32.0%

$

60,256

$

37,955

58.8%

Retailer Services

$

19,878

$

26,484

(24.9%)

$

40,667

$

44,651

(8.9%)

Total

$

75,837

$

86,412

(12.2%)

$

143,582

$

144,593

(0.7%)

Q2'26 Segment Highlights

Branded Services

Experiential Services

Retailer Services

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

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

CPG merchandising projects were a relative bright spot, providing encouraging signs for future commercial activity

Expanding capacity and strengthening labor readi

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Financial Results

1st Quarter 2026

Advantage Solutions Reports First Quarter 2026 Results

Strong Experiential Services performance and improved Retailer Services profitability drove Adjusted EBITDA growth

Centralized labor model implementation continues to enhance execution, productivity, and margins

Reaffirming 2026 guidance for Revenues, Adjusted EBITDA and Cash Flow

ST. LOUIS, May 6, 2026 – Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three months ended March 31, 2026.

Revenues for the three months ended March 31, 2026 were $869.6 million compared with $821.8 million, and net loss was $71.8 million compared with a net loss of $56.1 million.

Q1'26 Financial Highlights

Revenues increased 5.8% to $869.6 million and Adjusted EBITDA increased 16.4% to $67.7 million

Experiential Services delivered very strong growth driven by higher event volumes and improved execution, while Branded Services remained under pressure, and Retailer Services showed improved profitability

Strengthened the balance sheet through debt reduction and the extension of maturities to 2030, improving liquidity and financial flexibility. Ended the quarter with $144 million in cash after $131 million in debt paydown

“Advantage delivered a solid start to the year, highlighted by strong growth in Experiential Services and disciplined execution across the business,” said Advantage CEO Dave Peacock. “While the environment remains uncertain, we are making meaningful progress on our growth and productivity initiatives, including our centralized labor model and technology transformation. We remain focused on driving efficiency, generating strong cash flow, and positioning the Company for sustainable, profitable growth.”

Consolidated Financial Summary

(amounts in thousands)

Three Months Ended March 31,

Change (Reported)

2026

2025

$

%

Total Revenues

$

869,601

$

821,792

$

47,809

5.8%

Total Net Loss

$

(71,831)

$

(56,130)

$

(15,701)

(28.0%)

Total Adjusted EBITDA

$

67,747

$

58,181

$

9,566

16.4%

Adjusted EBITDA Margin

7.8%

7.1%

Advantage Solutions Inc. | Page 1

Financial Results

1st Quarter 2026

Segment Financial Summary

Revenues

Segment

Three Months Ended March 31,

(amounts in thousands)

2026

2025

YoY (Reported)

Branded Services

$

256,992

$

289,841

(11.3%)

Experiential Services

$

385,480

$

314,020

22.8%

Retailer Services

$

227,129

$

217,931

4.2%

Total

$

869,601

$

821,792

5.8%

Operating (Loss) Income

Three Months Ended March 31,

Segment

2026

2025

YoY (Reported)

Branded Services

$

(16,061)

$

(15,322)

(4.8%)

Experiential Services

$

11,499

$

(3,504)

NMF

Retailer Services

$

8,724

$

4,205

NMF

Total

$

4,162

$

(14,621)

NMF

Adjusted EBITDA

Three Months Ended March 31,

Segment

2026

2025

YoY (Reported)

Branded Services

$

20,882

$

27,945

(25.3%)

Experiential Services

$

26,077

$

12,069

116.1%

Retailer Services

$

20,788

$

18,167

14.4%

Total

$

67,747

$

58,181

16.4%

Q1'26 Segment Highlights

Branded Services

Experiential Services

Retailer Services

Continued macro pressure, client insourcing, procurement, and select client losses with stabilization initiatives underway

Strong Q1 results, with events growth of nearly 20% and improved execution rate (94%) year-over-year and sequentially

Revenues and Adjusted EBITDA growth supported by new business wins, pricing, and key client program ramps.

Focused on stabilizing the revenue base with stronger client retention, executive engagement, and targeted growth opportunities

Increasing profitability by advancing the centralized labor model rollout, enhancing training and safety protocols, and shifting mix towards higher margin events

Q1 featured a more moderate impact of the channel mix shift and improving

conversion trends in the retail merchandising business

Enhancing our value proposition through partnerships, data/analytics, and tools like Pulse to deliver measurable ROI

Expecting continued momentum through the year

Solid pipeline momentum with new customers and programs expected to support growth

Advantage Solutions Inc. | Page 2

Financial Results

1st Quarter 2026

Cash Flow and Balance Sheet Highlights

(Amounts in Millions)

Period Ended

March 31, 2026

Adjusted Unlevered Free Cash Flow / % of Adjusted EBITDA

$74.4 / 109.8%

Capex

$11

Gross Debt

$1,592

Cash and Cash Equivalents

$144

Net Leverage Ratio(1)

4.2x

Fiscal Year 2026 Outlook (Amounts in Millions)

Revenues

Flat to Up Low Single Digits

Adjusted EBITDA

Flat to Down Mid Single Digits

Adjusted Unlevered Free Cash Flow Conversion(2)

Unlevered: $250 – $275M

Net: ~25% of EBITDA

Net Interest Expense

$160 to $170

Capex

$50 to $60

2026 revenue outlook excludes reimbursabl

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Financial Results

4th Quarter and Full Year 2025

Advantage Solutions Reports Fourth Quarter and Full Year 2025 Results

Strong cash flow performance resulted in ending the quarter with $241 million of cash, up $40 million sequentially

Completion of non-core divestitures, planned debt refinancing and upcoming reverse stock split

Expect flat to up low-single digit revenue growth in 2026, Adjusted EBITDA flat to down mid-single digits

ST. LOUIS, March 3, 2026 – Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three and twelve months ended December 31, 2025.

Unless otherwise noted, results presented in this release are from continuing operations, and comparisons are on a prior year basis. Revenues for the three months ended December 31, 2025 were $932.1 million compared with $892.3 million, and net loss was $161.7 million compared with a net loss of $177.9 million.

Q4'25 Financial Highlights

Revenues in Q4 increased 4.5% and modestly declined 0.7% for the full year. Adjusted EBITDA declined 7.3% to $87.7 million in Q4 and declined 6.8% to $331.8 million for the full year.

Cash increased $39.7 million sequentially in Q4, due to improving working capital performance and proceeds from recent divestitures.

Moving toward debt refinancing and lengthened maturities provides financial flexibility to support strategic priorities.

“We have recently taken decisive actions to strengthen Advantage’s financial foundation and sharpen our operational focus, including advancing our technology transformation. We moved towards refinancing our debt, including extending maturities to 2030, divested some non-core assets generating approximately $55 million in proceeds, and ended the year with $241 million in cash,” said Advantage CEO Dave Peacock. “As we enter 2026, we expect $250 to $275 million in unlevered free cash flow and are operating from a position of greater stability and strategic flexibility. We remain focused on translating our investments in labor productivity and client partnerships into sustained performance and long-term shareholder value.”

Consolidated Financial Summary from Continuing Operations

(amounts in thousands)

Three Months Ended December 31,

Change (Reported)

2025

2024

$

%

Total Revenues

$

932,131

$

892,285

$

39,846

4.5%

Total Net Loss

$

(161,730)

$

(177,935)

$

16,205

(9.1%)

Total Adjusted EBITDA

$

87,660

$

94,555

$

(6,895)

(7.3%)

Adjusted EBITDA Margin

9.4%

10.6%

Year Ended December 31,

Change (Reported)

2025

2024

$

%

Total Revenues

$

3,542,642

$

3,566,324

$

(23,682)

(0.7%)

Total Net Loss

$

(227,735)

$

(378,404)

$

150,669

(39.8%)

Total Adjusted EBITDA

$

331,807

$

356,014

$

(24,207)

(6.8%)

Adjusted EBITDA Margin

9.4%

10.0%

Advantage Solutions Inc. | Page 1

Financial Results

4th Quarter and Full Year 2025

Segment Financial Summary from Continuing Operations

Revenues

Segment

Three Months Ended December 31,

Year Ended December 31,

(amounts in thousands)

2025

2024

YoY (Reported)

2025

2024

YoY (Reported)

Branded Services

$

289,805

$

323,584

(10.4%)

$

1,163,672

$

1,306,336

(10.9%)

Experiential Services

$

395,865

$

325,439

21.6%

$

1,435,297

$

1,295,029

10.8%

Retailer Services

$

246,461

$

243,262

1.3%

$

943,673

$

964,959

(2.2%)

Total

$

932,131

$

892,285

4.5%

$

3,542,642

$

3,566,324

(0.7%)

Operating (Loss) Income

Three Months Ended December 31,

Year Ended December 31,

Segment

2025

2024

YoY (Reported)

2025

2024

YoY (Reported)

Branded Services

$

(46,586)

$

(176,973)

73.7%

$

(64,252)

$

(318,573)

79.8%

Experiential Services

$

(45,472)

$

(3,103)

NMF

$

(17,205)

$

255

NMF

Retailer Services

$

(69,958)

$

9,479

NMF

$

(45,009)

$

23,335

NMF

Total

$

(162,016)

$

(170,597)

5.0%

$

(126,466)

$

(294,983)

57.1%

Adjusted EBITDA

Three Months Ended December 31,

Year Ended December 31,

Segment

2025

2024

YoY (Reported)

2025

2024

YoY (Reported)

Branded Services

$

39,334

$

55,470

(29.1%)

$

142,978

$

181,465

(21.2%)

Experiential Services

$

28,209

$

13,134

114.8%

$

101,484

$

75,697

34.1%

Retailer Services

$

20,117

$

25,951

(22.5%)

$

87,345

$

98,852

(11.6%)

Total

$

87,660

$

94,555

(7.3%)

$

331,807

$

356,014

(6.8%)

Q4'25 Segment Highlights

Branded Services

Experiential Services

Retailer Services

Softness in CPG spending, procurement pressure, and client insourcing continued to weigh on performance

Strong 4Q performance driven by accelerating demand, improved hiring velocity, higher labor readiness, and more consistent execution

Project timing shifts, channel mix pressure and a cautious retail environment weighed on 4Q performance

Managing costs tightly while strengthenin