ADV Q1 2023 Earnings — Advantage Solutions Inc. Revenue & Financial Results | Market Cap Arena

ADVAdvantage Solutions Inc.

$235M

Q1 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$944M+3.2% YoY

Gross Profit

$118M12.4% margin

Operating Income

$7M0.7% margin

Net Income

-$48M-5.0% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

-14.4%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$37M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$2.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$944M	$915M	+3.2%
Gross Profit	$118M	$129M	-8.8%
Operating Income	$7M	$23M	-70.7%
Net Income	-$48M	$19M	-350.9%

Revenue Segments

Marketing Revenues

$399M59%

Sales Revenues

$279M41%