Hudson Global Reports 2023 Third Quarter Results
OLD GREENWICH, Conn., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the third quarter ended September 30, 2023.
- OLD GREENWICH, Conn., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the third quarter ended September 30, 2023.
- “In the third quarter of 2023, a market-driven slowdown in hiring activity led to disappointing declines in revenue, adjusted net revenue, and adjusted EBITDA versus the prior year quarter," said Jeff Eberwein, Chief Executive Officer of Hudson Global.
- Adjusted EBITDA was $0.2 million in the third quarter of 2023 compared to adjusted EBITDA of $0.4 million in the third quarter of 2022.
- In the third quarter of 2023, the Company's corporate costs were $0.8 million, compared to $1.0 million in the prior year quarter.