Hudson Global ( (HSON) ) has released its Q3 earnings. Here is a breakdown of the information Hudson Global presented to its investors.
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Hudson Global, Inc., a prominent global provider of total talent solutions, specializes in customized recruitment outsourcing and talent solutions across various sectors worldwide. In its recent earnings report for the third quarter of 2024, Hudson Global revealed a decrease in revenue and adjusted net revenue compared to the same period in 2023, while also reporting a net loss. The company highlighted its strategic initiatives to offset the impact of the current market slowdown. Key financial figures included a revenue of $36.9 million, a 6.5% decline from the previous year, and an adjusted EBITDA of $0.8 million, down from $2.0 million year-over-year. The company also reported a net loss of $0.8 million. Despite these challenges, Hudson Global continues to invest in strategic hires to strengthen its global presence and service offerings, maintaining its position among the top enterprise RPO providers. Looking ahead, the company remains optimistic about navigating the current market environment and is taking measures to position itself for future recovery.
