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Advantage Solutions Inc. (NASDAQ:ADV), a business services company currently valued at $407 million, announced the results of its 2025 annual stockholders meeting, which took place on May 28, 2025. The company, whose stock has declined over 65% in the past six months and is currently trading at $1.24, reported that three key proposals were voted on during the meeting. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
Proposal 1 involved the election of directors. All nominees were elected, with James M. Kilts receiving 268,375,659 votes for and 2,832,264 votes withheld. Jody L. Macedonio, Robin Manherz, Adam Nebesar, and Deborah Poole were also elected, with similar numbers of votes for and a consistent amount of broker non-votes for each candidate, totaling 15,418,800.
Proposal 2 was the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was approved with 284,267,239 votes for, 2,226,927 against, and 132,557 abstained.
Proposal 3 sought approval, on an advisory basis, of the compensation of the company’s named executive officers. The compensation was approved with 247,886,381 votes for, 23,303,018 against, and 18,524 abstained.
The company noted that approximately 88.6% of the outstanding Common Stock as of the April 4, 2025 record date was present in person or represented by proxy at the meeting.
This information is based on a press release statement.
In other recent news, Advantage Solutions Inc. reported a 5% decline in revenues for the first quarter of 2025, totaling $696 million. Adjusted EBITDA also fell by 18% to $58 million, reflecting challenges such as weak consumer sentiment and inventory destocking by retailers. Despite these setbacks, the company has revised its full-year guidance to indicate flat to slightly negative growth, with a strategic focus on modernizing technology and enhancing operational efficiency. Canaccord Genuity has adjusted its outlook on Advantage Solutions, lowering the price target to $2.50 from $3.50 but maintaining a Buy rating, citing potential for growth through deleveraging and operational improvements. The firm noted the company’s efforts to reduce debt and optimize operations, with a net leverage ratio of approximately 4.4x adjusted EBITDA and $1.6 billion in outstanding debt. Advantage Solutions is also seen as well-positioned to pursue joint ventures with emerging consumer packaged goods brands, which could diversify revenue streams. Despite the earnings miss, the company’s stock experienced a positive market reaction, attributed to investor confidence in its strategic initiatives.
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