Advantage solutions reports first quarter 2023 financial results and reaffirms annual outlook

Irvine, calif., may 10, 2023 (globe newswire) -- advantage solutions inc. (nasdaq: adv) (“advantage,” “advantage solutions,” the “company,” “we” or “our”), a leading provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, today reported financial results for its first quarter ended march 31, 2023. revenues grew 10.6% year-over-year, up 12.1% excluding foreign exchange, to reach $1.0 billion, and ebitda reached $92.1 million, down 4.8% year-over year. the quarter came in ahead of our internal expectations driven by a stronger revenue performance.
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