Hudson Global, Inc. reported its financial results for the second quarter and first half of 2025, revealing a slight decline in revenue and an increase in net loss compared to the same periods in 2024. For the three months ended June 30, 2025, the company generated revenue of $35.5 million, a decrease of 0.5% from $35.7 million in the prior year. The six-month revenue also fell to $67.4 million from $69.6 million, marking a 3.2% decline. The net loss for the second quarter was $688,000, compared to a loss of $441,000 in the same quarter of 2024. For the first half of 2025, the net loss was $2.4 million, an improvement from a loss of $3.3 million in the previous year.
The company's operating expenses for the second quarter totaled $35.8 million, slightly down from $35.9 million in the prior year. Notably, direct contracting costs and reimbursed expenses decreased to $16.9 million from $18.1 million, while salaries and related expenses rose marginally to $14.8 million from $14.3 million. The increase in salaries was attributed to higher staffing costs, which were partially offset by reduced travel and entertainment expenses. The company's EBITDA loss for the second quarter was $152,000, compared to a slight profit of $5,000 in the same quarter of 2024.
Strategically, Hudson Global is pursuing a merger with Star Equity Holdings, which was announced on May 21, 2025. The merger is expected to transform Hudson into a diversified holding company, significantly altering its business operations. The company plans to seek stockholder approval for the merger at its upcoming annual meeting scheduled for August 21, 2025. Additionally, Hudson has made investments in Latin America and expanded its service offerings in North America, including executive search services in the Life Sciences and Human Resources sectors.
Operationally, Hudson Global has seen mixed results across its geographic segments. In the Americas, revenue increased by 2% to $7.1 million for the second quarter, driven by new client wins in contracting services. However, the Asia Pacific region experienced a revenue decline of 3% to $21.6 million, primarily due to reduced demand in Australia. The EMEA segment reported a 6% increase in revenue to $6.8 million, supported by higher contracting revenue. The company continues to face challenges from market conditions, including inflation and interest rate increases, which have affected client demand and operational costs.
Looking ahead, Hudson Global anticipates continued challenges in the labor market and economic conditions, which may impact its revenue and profitability. The company remains focused on enhancing its service offerings and operational efficiency while navigating the complexities of the proposed merger and the broader market environment.
About Hudson Global, Inc.
Hudson Global, Inc. is a leading provider of total talent solutions, specializing in Recruitment Process Outsourcing (RPO) and staffing services for mid-to-large multinational clients worldwide. The company offers customized recruitment, contracting, and professional staffing services across multiple regions, leveraging technology and industry expertise. Its core value lies in delivering tailored, scalable talent acquisition strategies to support clients' growth and workforce needs.
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