Strong Overall Financial Performance
Consolidated fee revenue grew 7% year-over-year to $722 million. Adjusted EBITDA grew $8 million or 7% year-over-year to $125 million. Adjusted diluted earnings per share grew $0.12 or 10% year-over-year to $1.33.
RPO Business Success
Estimated remaining fees under existing contracts increased to $1.84 billion, up 20% year-over-year, led by strong new business in RPO. RPO delivered $253 million of new business in the quarter, with 16% from new logos and 84% from renewals.
Growth in Executive Search and Professional Search
Executive Search fee revenue remained strong, growing 10%, marking the sixth consecutive quarter of year-over-year growth. Professional Search and interim fee revenue was up 17% year-over-year.
Expansion in EMEA
EMEA fee revenue continued to be strong, growing 20% year-over-year, with growth in Executive Search, Professional Search, interim consulting, and digital.
Successful Strategy Implementation
Business referrals grew to 27.6% of consolidated fee revenue, up approximately 250 basis points year-over-year, demonstrating progress driven by the We Are Korn Ferry go-to-market evolution.