Hudson Global Reports $31.9 Million Revenue in Q1 2025, Down 6% Year-Over-Year

Hudson Global, Inc. reported a revenue of $31.9 million for the first quarter of 2025, a decrease of 6% from $33.9 million in the same period of 2024. The decline was primarily attributed to a drop in contracting revenue, particularly in Australia, which fell by 16%. However, the company noted a slight increase in Recruitment Process Outsourcing (RPO) revenue, which rose by 1.1% to $15.7 million. Adjusted net revenue remained relatively stable at $16.4 million, reflecting a marginal increase of 0.4% compared to the previous year.

Operating expenses for the quarter decreased to $33.6 million from $36.9 million in the prior year, leading to an operating loss of $1.7 million, an improvement from the $3.0 million loss reported in the same quarter of 2024. The net loss for the period was $1.8 million, down from $2.9 million a year earlier, resulting in a basic and diluted loss per share of $0.59, compared to $0.95 in the previous year. The company attributed the improved financial performance to reduced operating expenses and a more favorable cost structure.

Strategically, Hudson Global has made significant investments in its operations, particularly in Latin America and North America, to enhance its service offerings and geographic presence. The company appointed a new leader for its Latin American operations and expanded its service offerings to include executive search in North America, focusing on sectors such as Life Sciences and Human Resources. Additionally, Hudson Global entered into strategic agreements with Dubai-based talent solutions companies, Executive Solutions and Striver, to broaden its client base in the Middle East.

Operationally, Hudson Global reported a total employee headcount of 2,985 as of March 31, 2025, a slight decrease from 3,041 in the previous year. The company operates in 15 countries, with significant revenue contributions from the Asia Pacific region, which accounted for $19.1 million in revenue, despite a 7% decline from the previous year. The Americas segment reported revenue of $6.9 million, reflecting a 14% increase, while the EMEA segment generated $5.9 million, down 7% from the prior year.

Looking ahead, Hudson Global anticipates continued challenges in the market due to inflation and rising interest rates, which may impact client demand for its services. The company remains focused on enhancing its operational efficiency and exploring strategic alternatives to maximize shareholder value. Hudson Global expects to maintain sufficient liquidity to support its operations, with cash and cash equivalents totaling $16.6 million as of March 31, 2025.