ADV Q2 2023 Earnings — Advantage Solutions Inc. Revenue & Financial Results | Market Cap Arena

ADVAdvantage Solutions Inc.

$235M

Q2 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$964M-1.8% YoY

Gross Profit

$64M6.6% margin

Operating Income

$32M3.4% margin

Net Income

-$9M-0.9% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$54M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$2.9B

Stockholders' Equity

$1.1B

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$964M	$981M	-1.8%
Gross Profit	$64M	$139M	-54.2%
Operating Income	$32M	$28M	+14.4%
Net Income	-$9M	$3M	-359.9%

Revenue Segments

Marketing Revenues

$437M63%

Sales Revenues

$253M37%