ADV - Advantage Solutions reports Q4 results initiates FY23 guidance

• Advantage Solutions press release ( NASDAQ: ADV ): Q4 Adjusted EBITDA was $112.7 million for the fourth quarter of 2022, representing a decrease of $41.4 million, or 26.9%, from the fourth quarter 2021 Adjusted EBITDA of $154.0 million.
• Revenue of $1.1B (+6.8% Y/Y) beats by $30M .
• The Company is initiating its outlook for fiscal 2023. Considering the market conditions as of the date of this press release, Adjusted EBITDA is anticipated to range from $400 million to $420 million prior to adjustments related to any acquisitions and divestitures.

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