8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2009

MONSTER WORLDWIDE, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-34209	13-3906555
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

622 Third Avenue New York, NY	10017
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 351-7000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 30, 2009, Monster Worldwide, Inc. (the “Company”) announced its results of operations for the second quarter ended June 30, 2009. A copy of the Company’s press release announcing its results of operations for the second quarter ended June 30, 2009 is attached hereto as Exhibit 99.1. A copy of the supplemental financial information issued by the Company in connection with the press release is attached hereto as Exhibit 99.2.

The information in this report, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit
Number		Description
	99.1	Press Release of the Company issued on July 30, 2009.
	99.2	Supplemental Financial Information.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MONSTER WORLDWIDE, INC. (Registrant)
By:	/s/ Timothy T. Yates
	Name:	Timothy T. Yates
	Title:	Executive Vice President and Chief Financial Officer

Date: July 30, 2009

EXHIBIT INDEX

Exhibit
Number		Description
	99.1	Press Release of the Company issued on July 30, 2009.
	99.2	Supplemental Financial Information.

EX-99.1

Exhibit 99.1

Monster Worldwide Reports Second Quarter 2009 Results

Loss per Share from Continuing Operations of $0.01; Non-GAAP Diluted Earnings per Share at $0.03

Total Revenue of $223 Million; Non-GAAP Total Revenue of $224 Million

Non-GAAP Operating Expenses of $216 Million Decline 22% over Prior Year, and 15% Sequentially

Net Cash and Securities of $235 Million

Monster Announces Positive Beta-Testing Results for New Employer Search Product

New York, July 30, 2009— Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for the second quarter ended June 30, 2009.

Second Quarter Results
Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “Despite the challenging operating environment, we continue to invest in product innovation, technology, new verticals, global reach and sales force expansion, while at the same time successfully reducing operating expense and lowering our cost basis. We are confident that these initiatives, combined with the powerful Monster brand and our strong balance sheet, will capture global market share and provide a solid base for future long term growth and profitability.”

Mr. Iannuzzi added, “We are very encouraged by the beta tests for our new employer search product. Customer feedback continues to be very positive. This technology better enables recruiters to search relevant skills, work experience, education and other meaningful qualifications, and then analyzes, ranks and compares the information quickly and efficiently. Monster is driving efficiency and cost savings for our customers and improving our overall value proposition.”

1

Total revenue was $223 million, compared with $354 million in the comparable quarter of 2008, a 37% decline due to the global economic recession. Monster generated 42% of its revenue outside the United States and total revenue was negatively impacted by $16 million from unfavorable foreign exchange rates.

Careers non-GAAP revenue decreased 40% to $191 million. North America generated revenue of $102 million compared with $164 million in the prior year period, a 38% decline. International non-GAAP revenue was $89 million, a 43% decline over the prior year period, or a 37% decrease excluding currency and the contribution from ChinaHR. Internet Advertising & Fees generated revenue of $33 million, essentially flat with last year’s second quarter revenue.

Consolidated operating expenses were $223 million, and the loss from continuing operations was approximately $1 million, or $0.01 per diluted share, compared to income from continuing operations of $19 million, or $0.15 per diluted share, in the comparable 2008 period. Operating results for the second quarter of 2008 included a $40 million charge for settlement costs and litigation related to its historical stock option practices. Foreign exchange rates negatively impacted consolidated operating income by approximately $1 million.

Income from continuing operations for the three months ended June 30, 2009 includes pre-tax pro forma adjustments that include: $5 million of expenses associated with the Company’s restructuring plan; $2 million of legal fees, primarily related to the Company’s obligation to indemnify former officers for their defense in connection with the ongoing litigation related to historical stock option grant practices; and a $0.7 million reduction to total revenue due to the purchase accounting adjustment for ChinaHR. As a result, the Company recorded total pre-tax pro forma adjustments of approximately $8 million. These pro forma items are described in the “Notes Regarding the Use of Non-GAAP Financial Measures” and are reconciled to the GAAP measure in the accompanying tables.

2

On a non-GAAP basis, the Company generated revenue of $224 million and $216 million of operating expenses. In last year’s second quarter, revenue was $354 million and operating expenses were $276 million. Income from continuing operations was $4 million, or $0.03 per share, compared to $49 million, or $0.40 per diluted share, in the comparable prior year period.

Monster ended the second quarter of 2009 with total available liquidity of $493 million, and net cash and marketable securities of $235 million, compared with net cash and securities of $247 million at the end of the 2009 first quarter.

During the quarter, the Company paid back a total of $157 million under its revolving credit lines, and currently has approximately $97 million classified as debt on the balance sheet. Cash used from operating activities was $14 million compared to $14 million generated in the 2009 first quarter.

Capital expenditures were $11 million, down from $30 million in last year’s second quarter and $15 million in the first quarter of this year. Approximately $81 million of auction rate securities are classified as a long-term asset on the consolidated balance sheet, and are included in the cash and marketable securities balance as of June 30, 2009.

Monster Worldwide’s deferred revenue balance at June 30, 2009 was $290 million, compared with last year’s second quarter balance of $470 million, and $345 million reported for the first quarter of 2009.

Six Months Results

Monster Worldwide reported total revenue of $477 million for the six months ended June 30, 2009 compared to $721 million in the comparable period last year, a 34% decrease, or 28% before the negative impact of foreign exchange rates. Monster Careers revenue declined 37% to $413 million compared with $658 million in the 2008 period. Internet Advertising & Fees reported revenue of $64 million, a slight increase over the $63 million reported in the prior year period. The Company reported a loss from continuing operations of $12 million, or $0.10 per diluted share, compared to income from continuing operations of $42 million, or $0.35 per diluted share in the prior year period.

3

Supplemental Financial Information

The Company has made available certain supplemental financial information, in a separate document that can be accessed directly at http://about-monster.com/q209.pdf or through the Company’s Investor Relations website at http://ir.monster.com.

Conference Call Information

Second quarter 2009 results will be discussed on Monster Worldwide’s quarterly conference call taking place on July 30, 2009 at 5:00 PM EDT.  To join the conference call, please dial (888) 551-5973 at 4:50 PM EDT and reference conference ID# 18221496.  For those outside the United States, please dial (706) 643-3467 and reference the same conference ID#.  The call will begin promptly at 5:00 PM EDT.  Individuals can also access Monster Worldwide’s quarterly conference call online through the Investor Relations section of the Company’s website at http://ir.monster.com.  For a replay of the call, please dial (800) 642-1687 or outside the United States dial (706) 645-9291 and reference ID #18221496.  This number is valid until midnight on August 6, 2009.
 
Contacts

Investors: Robert Jones, (212) 351-7032, Robert.Jones@monsterworldwide.com
Media: Steve Sylven, (978) 461-8503, Steve.Sylven@monster.com

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster(R), the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, Asia and Latin America, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index. To learn more about Monster’s industry-leading products and services, visit www.monster.com.
  
Notes Regarding the Use of Non-GAAP Financial Measures

The Company has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles (“GAAP”) and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

4

Non-GAAP revenue, operating expenses, operating income, operating margin, income from continuing operations and diluted earnings per share all exclude certain pro forma adjustments including: costs associated with the Company’s historical stock option grant practices, related litigation and potential fines or settlements; severance costs for former executive officers incurred in the second quarter of 2007; costs related to the measures taken by the Company in response to a security breach in August 2007; the strategic restructuring actions initiated in the third quarter of 2007; and the fair value adjustment to deferred revenue in connection with the acquisition of ChinaHR. The Company uses these non-GAAP measures for reviewing the ongoing results of the Company’s core business operations and in certain instances, for measuring performance under certain of the Company’s incentive compensation plans. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

Operating income before depreciation and amortization (“OIBDA”) is defined as income from operations before depreciation, amortization of intangible assets, amortization of stock based compensation and non-cash costs incurred in connection with the Company’s restructuring program. The Company considers OIBDA to be an important indicator of its operational strength. This measure eliminates the effects of depreciation, amortization of intangible assets, amortization of stock based compensation and non-cash restructuring costs from period to period, which the Company believes is useful to management and investors in evaluating its operating performance. OIBDA is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies.

Free cash flow is defined as cash flow from operating activities less capital expenditures. Free cash flow is considered a liquidity measure and provides useful information about the Company’s ability to generate cash after investments in property and equipment. Free cash flow reflected herein is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies. Free cash flow does not reflect the total change in the Company’s cash position for the period and should not be considered a substitute for such a measure.

Net cash and securities is defined as cash and cash equivalents plus short-term and long-term marketable securities, less total debt. Total available liquidity is defined as cash and cash equivalents, plus short-term and long-term marketable securities plus unused borrowings under our credit facility. The Company considers net cash and securities and total available liquidity to be an important measure of liquidity and an indicator of its ability to meet its ongoing obligations. The Company also uses net cash and securities and total available liquidity, among other measures, in evaluating its choices for capital deployment. Net cash and securities and total available liquidity are presented herein as non-GAAP measures and may not be comparable to similarly titled measures used by other companies.

5

Special Note: Except for historical information contained herein, the statements made in this release, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the Company’s strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions or dispositions, competition, ongoing costs associated with the Company’s historical stock option grant practices, costs associated with the restructuring and security breach, and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

6

MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)

	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
Revenue	$	223,057		$	354,294		$	477,460		$	720,766
Salaries and related		113,484			135,879			235,869			276,327
Office and general		59,862			75,358			121,975			149,257
Marketing and promotion		44,953			68,976			118,644			180,830
Provision for legal settlements, net		—			40,100			—			40,100
Restructuring and other special charges		5,097			2,732			16,105			9,659
Total operating expenses		223,396			323,045			492,593			656,173
Operating (loss) income		(339	)		31,249			(15,133	)		64,593
Interest and other, net		76			3,057			1,279			10,440
(Loss) income from continuing operations before income taxes and equity interests		(263	)		34,306			(13,854	)		75,033
Income taxes		(83	)		12,153			(4,572	)		27,296
Loss in equity interests, net		(1,190	)		(3,592	)		(2,429	)		(5,414	)
(Loss) income from continuing operations		(1,370	)		18,561			(11,711	)		42,323
Income from discontinued operations, net of tax		—			12,269			—			11,098
Net (loss) income	$	(1,370	)	$	30,830		$	(11,711	)	$	53,421
Basic (loss) earnings per share:
(Loss) income from continuing operations	$	(0.01	)	$	0.15		$	(0.10	)	$	0.35
Income from discontinued operations, net of tax		—			0.10			—			0.09
Basic (loss) earnings per share	$	(0.01	)	$	0.26		$	(0.10	)	$	0.44
Diluted (loss) earnings per share:
(Loss) income from continuing operations	$	(0.01	)	$	0.15		$	(0.10	)	$	0.35
Income from discontinued operations, net of tax		—			0.10			—			0.09
Diluted (loss) earnings per share	$	(0.01	)	$	0.25		$	(0.10	)	$	0.44
Weighted average shares outstanding:
Basic		119,274			120,885			119,066			121,798
Diluted		119,274			121,541			119,066			122,552
Operating (loss) income before depreciation and amortization:
Operating (loss) income	$	(339	)	$	31,249		$	(15,133	)	$	64,593
Depreciation and amortization of intangibles		16,945			13,604			33,265			25,793
Amortization of stock-based compensation		9,920			8,533			20,268			13,866
Restructuring non-cash expenses		1,055			923			4,723			3,009
Operating income before depreciation and amortization	$	27,581		$	54,309		$	43,123		$	107,261

* Earnings per share may not add in certain periods due to rounding.

MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

	Six Months Ended June 30,
	2009			2008
Cash flows provided by operating activities:
Net (loss) income	$	(11,711	)	$	53,421
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
(Income) from discontinued operations, net of tax		—			(11,098	)
Depreciation and amortization of intangibles		33,265			25,793
Provision for legal settlements, net		—			40,100
Provision for doubtful accounts		6,884			6,771
Non-cash compensation		20,268			15,028
Deferred income taxes		(6,421	)		(19,582	)
Non-cash restructuring write-offs and loss on disposal of assets		4,741			2,085
Loss in equity interests		2,428			5,414
Changes in assets and liabilities, net of business combinations:
Accounts receivable		120,239			82,660
Prepaid and other		16,861			19,098
Deferred revenue		(124,536	)		(53,923	)
Accounts payable, accrued liabilities and other		(61,893	)		(13,597	)
Net cash used for operating activities of discontinued operations		—			(3,129	)
Total adjustments		11,836			95,620
Net cash provided by operating activities		125			149,041
Cash flows (used for) provided by investing activities:
Capital expenditures		(26,379	)		(50,213	)
Purchase of marketable securities		(7,476	)		(156,882	)
Sales and maturities of marketable securities		3,317			436,305
Payments for acquisitions and intangible assets, net of cash acquired		—			(61,567	)
Cash funded to equity investee		(3,314	)		(5,000	)
Dividends received from unconsolidated investee		763			1,011
Net cash (used for) provided by investing activities		(33,089	)		163,654
Cash flows provided by (used for) financing activities:
Proceeds from borrowings on credit facilities short-term		199,203			—
Payments for borrowings on credit facilities short-term		(157,173	)		—
Repurchase of common stock		(2,435	)		(86,327	)
Payments on debt obligations		(6	)		(147	)
Proceeds from exercise of employee stock options		9			1,046
Excess tax benefits from equity compensation plans		4			120
Net cash provided by (used for) financing activities		39,602			(85,308	)
Effects of exchange rates on cash		7,354			8,323
Net increase in cash and cash equivalents		13,992			235,710
Cash and cash equivalents, beginning of period		222,260			129,744
Cash and cash equivalents, end of period	$	236,252		$	365,454
Free cash flow:
Net cash provided by operating activities	$	125		$	149,041
Less: Capital expenditures		(26,379	)		(50,213	)
Free cash flow	$	(26,254	)	$	98,828

MONSTER WORLDWIDE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

	June 30, 2009		December 31, 2008
Assets:
Cash and cash equivalents	$	236,252	$	222,260
Marketable securities, current		14,533		1,425
Accounts receivable, net		249,004		376,720
Marketable securities, non — current		81,272		90,347
Property and equipment, net		153,942		161,282
Goodwill and intangibles, net		944,981		946,881
Other assets		109,483		117,675
Total assets	$	1,789,467	$	1,916,590
Liabilities and Stockholders’ equity:
Accounts payable, accrued expenses and other	$	192,289	$	254,425
Deferred revenue		289,818		414,312
Borrowings on credit facilities short-term		97,000		54,971
Non-current income taxes payable		125,991		119,951
Other liabilities		30,971		25,658
Total liabilities		736,069		869,317
Stockholders’ equity		1,053,398		1,047,273
Total liabilities and stockholders’ equity	$	1,789,467	$	1,916,590

MONSTER WORLDWIDE, INC.
UNAUDITED OPERATING SEGMENT INFORMATION
(in thousands)

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended June 30, 2009	North America			International			Fees			Expenses			Total
Revenue	$	101,799		$	88,598		$	32,660					$	223,057
Operating (loss) income		10,919			(2,019	)		4,926		$	(14,165	)		(339	)
OIBDA		22,066			8,386			7,939			(10,810	)		27,581
Operating margin		10.7	%		-2.3	%		15.1	%					-0.2	%
OIBDA margin		21.7	%		9.5	%		24.3	%					12.4	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended June 30, 2008	North America			International			Fees			Expenses			Total
Revenue	$	164,280		$	156,673		$	33,341					$	354,294
Operating income		58,409			31,916			4,656		$	(63,732	)		31,249
OIBDA		67,636			40,361			7,508			(61,196	)		54,309
Operating margin		35.6	%		20.4	%		14.0	%					8.8	%
OIBDA margin		41.2	%		25.8	%		22.5	%					15.3	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Six Months Ended June 30, 2009	North America			International			Fees			Expenses			Total
Revenue	$	220,983		$	192,263		$	64,214					$	477,460
Operating (loss) income		11,747			(2,690	)		8,483		$	(32,673	)		(15,133	)
OIBDA		34,338			19,135			14,303			(24,653	)		43,123
Operating margin		5.3	%		-1.4	%		13.2	%					-3.2	%
OIBDA margin		15.5	%		10.0	%		22.3	%					9.0	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Six Months Ended June 30, 2008	North America			International			Fees			Expenses			Total
Revenue	$	347,818		$	309,945		$	63,003					$	720,766
Operating income		98,110			41,559			3,225		$	(78,301	)		64,593
OIBDA		115,238			57,023			8,300			(73,300	)		107,261
Operating margin		28.2	%		13.4	%		5.1	%					9.0	%
OIBDA margin		33.1	%		18.4	%		13.2	%					14.9	%

MONSTER WORLDWIDE, INC.
UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS
(in thousands, except per share amounts)

	Three Months Ended June 30, 2009									Three Months Ended June 30, 2008
				Proforma									Proforma
	As Reported			Adjustments			Non-GAAP			As Reported			Adjustments			Non-GAAP
Revenue	$	223,057		$	725	a	$	223,782		$	354,294		$	—		$	354,294
Salaries and related		113,484			—			113,484			135,879			—			135,879
Office and general		59,862			(2,245	)b		57,617			75,358			(4,256	)b		71,102
Marketing and promotion		44,953			—			44,953			68,976			—			68,976
Provision for legal settlements, net		—			—			—			40,100			(40,100	)c		—
Restructuring and other special charges		5,097			(5,097	)d		—			2,732			(2,732	)d		—
Total operating expenses		223,396			(7,342	)		216,054			323,045			(47,088	)		275,957
Operating (loss) income		(339	)		8,067			7,728			31,249			47,088			78,337
Operating margin		-0.2	%					3.5	%		8.8	%					22.1	%
Interest and other, net		76			—			76			3,057			—			3,057
(Loss) income from continuing operations before income taxes and equity interests		(263	)		8,067			7,804			34,306			47,088			81,394
Income taxes		(83	)		2,546	e		2,463			12,153			16,681	e		28,834
Losses in equity interests, net		(1,190	)		—			(1,190	)		(3,592	)		—			(3,592	)
(Loss) Income from continuing operations	$	(1,370	)	$	5,521		$	4,151		$	18,561		$	30,407		$	48,968
Diluted (loss) earnings per share from continuing operations *	$	(0.01	)	$	0.05		$	0.03		$	0.15		$	0.25		$	0.40
Weighted average shares outstanding:
Diluted		119,274			121,809			121,809			121,541			121,541			121,541

	Six Months Ended June 30, 2009									Six Months Ended June 30, 2008
				Proforma			Consolidated						Proforma
	As Reported			Adjustments			Non-GAAP			As Reported			Adjustments			Non-GAAP
Revenue	$	477,460		$	1,719	a	$	479,179		$	720,766			—		$	720,766
Salaries and related		235,869			—			235,869			276,327			93	b		276,420
Office and general		121,975			(5,265	)b		116,710			149,257			(7,783	)b		141,474
Marketing and promotion		118,644			—			118,644			180,830			—			180,830
Provision for legal settlements, net		—			—			—			40,100			(40,100	)c		—
Restructuring and other special charges		16,105			(16,105	)d		—			9,659			(9,659	)d		—
Total operating expenses		492,593			(21,370	)		471,223			656,173			(57,449	)		598,724
Operating (loss) income		(15,133	)		23,089			7,956			64,593			57,449			122,042
Operating margin		-3.2	%					1.7	%		9.0	%					16.9	%
Interest and other, net		1,279			—			1,279			10,440			—			10,440
Income from continuing operations before income taxes and equity interests		(13,854	)		23,089			9,235			75,033			57,449			132,482
Income taxes		(4,572	)		7,620	e		3,048			27,296			20,899	e		48,195
Losses in equity interests, net		(2,429	)		—			(2,429	)		(5,414	)		—			(5,414	)
Income from continuing operations	$	(11,711	)	$	15,469		$	3,758		$	42,323		$	36,550		$	78,873
Diluted earnings per share from continuing operations *	$	(0.10	)	$	0.13		$	0.03		$	0.35		$	0.30		$	0.64
Weighted average shares outstanding:
Diluted		119,066			120,904			120,904			122,552			122,552			122,552

Note Regarding ProForma Adjustments:

The financial information included herein contains certain non-GAAP financial measures. This information is not intended to be used in place of the financial information prepared and presented in accordance with GAAP, nor is it intended to be considered in isolation. We believe that the above presentation of non-GAAP measures provide useful information to management and investors regarding certain core operating and business trends relating to our results of operations, exclusive of certain restructuring related and other special charges.

ProForma adjustments consist of the following:

a Deferred revenue fair value adjustment required under existing purchase accounting rules relating to our acquisition of China HR.

b Costs associated with the ongoing investigation into the Company’s historical stock option granting practices, net of reimbursements as well as costs associated with the security breach incurred in 2008.

c Provision for costs associated with the proposed legal settlements related to the stock option litigation, net of recoveries.

d Restructuring related charges pertaining to the strategic restructuring actions that the Company announced on July 30, 2007. These charges include costs related to the reduction in the Company’s workforce, fixed asset write-offs, costs relating to the consolidation of certain office facilities, contract termination costs, relocation costs and professional fees.

e Income tax adjustment is calculated using the effective tax rate of the reported period multiplied by the ProForma adjustment to income from continuing operations before income taxes and equity interests.

* Diluted earnings per share may not add in certain periods due to rounding. Diluted shares used for 2009 GAAP presentation are the same as basic shares due to a net loss in 2009.

MONSTER WORLDWIDE, INC.
UNAUDITED NON-GAAP OPERATING SEGMENT INFORMATION
(in thousands)

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended June 30, 2009	North America			International			Fees			Expenses			Total
Revenue — GAAP	$	101,799		$	88,598		$	32,660					$	223,057
Proforma Adjustments		—			725			—						725
Revenue — Non GAAP	$	101,799		$	89,323		$	32,660					$	223,782
Operating (loss) income — GAAP	$	10,919		$	(2,019	)	$	4,926		$	(14,165	)	$	(339	)
Proforma Adjustments		1,486			4,002			170			2,409			8,067
Operating (loss) income — Non GAAP	$	12,405		$	1,983		$	5,096		$	(11,756	)	$	7,728
Operating margin — GAAP		10.7	%		-2.3	%		15.1	%					-0.2	%
Operating margin — Non GAAP		12.2	%		2.2	%		15.6	%					3.5	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended June 30, 2008	North America			International			Fees			Expenses			Total
Revenue	$	164,280		$	156,673		$	33,341					$	354,294
Operating income (loss) — GAAP	$	58,409		$	31,916		$	4,656		$	(63,732	)	$	31,249
Proforma Adjustments		926			1,400			338			44,424			47,088
Operating income (loss) — Non GAAP	$	59,335		$	33,316		$	4,994		$	(19,308	)	$	78,337
Operating margin — GAAP		35.6	%		20.4	%		14.0	%					8.8	%
Operating margin — Non GAAP		36.1	%		21.3	%		15.0	%					22.1	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Six Months Ended June 30, 2009	North America			International			Fees			Expenses			Total
Revenue — GAAP	$	220,983		$	192,263		$	64,214					$	477,460
Proforma Adjustments		—			1,719			—						1,719
Revenue — Non GAAP	$	220,983		$	193,982		$	64,214					$	479,179
Operating (loss) income — GAAP	$	11,747		$	(2,690	)	$	8,483		$	(32,673	)	$	(15,133	)
Proforma Adjustments		3,758			12,086			616			6,629			23,089
Operating (loss) income — Non GAAP	$	15,505		$	9,396		$	9,099		$	(26,044	)	$	7,956
Operating margin — GAAP		5.3	%		-1.4	%		13.2	%					-3.2	%
Operating margin — Non GAAP		7.0	%		4.8	%		14.2	%					1.7	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Six Months Ended June 30, 2008	North America			International			Fees			Expenses			Total
Revenue	$	347,818		$	309,945		$	63,003					$	720,766
Operating income — GAAP	$	98,110		$	41,559		$	3,225		$	(78,301	)	$	64,593
Proforma Adjustments		4,180			4,702			1,160			47,407			57,449
Operating income — Non GAAP	$	102,290		$	46,261		$	4,385		$	(30,894	)	$	122,042
Operating margin — GAAP		28.2	%		13.4	%		5.1	%					9.0	%
Operating margin — Non GAAP		29.4	%		14.9	%		7.0	%					16.9	%

EX-99.2

Exhibit 99.2

FINANCIAL SUPPLEMENT

June 30, 2009

Monster Worldwide, Inc. (together with its consolidated subsidiaries, the “Company,” “Monster,” “we,” “our” or “us”) provides this supplement to assist investors in evaluating our Company’s financial and operating metrics. We suggest that the notes to this supplement are read in conjunction with the financial tables. The financial information included in this supplement contains certain non-GAAP financial measures. These measures should be considered in addition to results prepared in accordance with GAAP, but are not a substitute for, or superior to, GAAP results. The non-GAAP measures included in this supplement have been reconciled to the most comparable GAAP measure. The Company intends to update the financial supplement on a quarterly basis.

Notes to Financial Supplement

Presentation

Provision for Legal Settlements, net

In the second quarter of 2008, the Company recorded a $40.1 million provision for legal settlements, net, relating to estimated settlements, costs and expenses arising out of the legal actions regarding the Company’s historical stock option granting practices.

The provision for legal settlements, net in the second quarter of 2008 included approximately $25.1 million for the settlement of the securities class action regarding the Company’s historical stock option granting practices. In July 2008, the Company agreed to settle the securities class action, subject to court approval. Court approval was received in October 2008. Under the terms of the settlement, the defendants paid $47.5 million to the class, of which the Company’s cost was approximately $25.1 million, net of its insurance recovery and contribution from another defendant.

Also recorded in the provision for legal settlements, net, in the second quarter of 2008 was approximately $15.0 million for estimated expenses relating to the other outstanding litigation in connection with the Company’s historical stock option grant practices. In May 2009, the Company agreed, without admitting or denying wrongdoing, to pay a $2.5 million penalty to the United States Securities and Exchange Commission (the “SEC”) to settle claims arising out of the SEC’s inquiry into the Company’s stock option granting practices.

Professional Fees

For the three months ended June 30, 2009 and 2008, we recorded approximately $2.2 million and $4.3 million, respectively, of professional fees relating to our historical stock option grant practices. For the six months ended June 30, 2009 and 2008, we recorded approximately $5.3 million and $7.3 million, respectively, of professional fees relating to our historical stock option grant practices. These costs primarily relate to legal fees and are a component of “office and general” in our consolidated statement of operations. In addition, we have incurred costs related to litigation, an informal investigation by the SEC and an investigation by the United States Attorney for the Southern District of New York.

We expect to continue to incur significant professional fees related to ongoing matters relating to our historical stock option grant practices. While we cannot quantify or estimate the timing of these costs throughout 2009, we expect to continue to incur significant professional fees related to legal fees paid on behalf of former employees and former members of senior management in connection with ongoing matters relating to our historical stock option grant practices.

Restructuring Actions

On July 30, 2007, we announced a series of strategic restructuring actions that are intended to position us for sustainable long-term growth in the rapidly evolving global online recruitment advertising industry.

The restructuring plan included an anticipated reduction in the current workforce by approximately 800 associates, or 15% of our full-time staff. Subsequent to the announcement of this plan, the Company made a strategic decision to in-source customer service and therefore the current reduction is approximately 700 associates. The plan also included fixed asset write-offs, accelerated depreciation for assets to be phased out, costs relating to the consolidation of certain office facilities, contract termination costs, relocation costs and professional fees. The restructuring plan arose out of a review commencing in the second quarter of 2007 by our current executive management team of our cost structure and organizational structure. The restructuring was intended to realign the structure to permit investment in key areas that will improve the customer experience and foster revenue growth and long-term operating margin expansion. As of June 30, 2009, all of the initiatives relating to the 2007 restructuring program are complete and no new charges will be incurred in the future relating to this program. Since the inception of the 2007 restructuring plan through June 30, 2009, we have incurred $49.1 of restructuring expenses.

2

For the three months ended June 30, 2009 and 2008, we recorded $5.1 million and $2.7 million of restructuring costs, respectively, primarily related to severance, fixed asset write-offs and office consolidations. For the six months ended June 30, 2009 and 2008, we recorded $16.1 million and $9.7 million of restructuring costs, respectively, primarily related to severance, fixed asset write-offs and office consolidations.

Deferred revenue related to acquisitions

During the fourth quarter of 2008, we completed the acquisition of ChinaHR. In accordance with existing purchase accounting rules, we are required to write down a portion of ChinaHR’s deferred revenue to its fair value. Consequently, in post acquisition periods, we do not recognize the full amount of this deferred revenue. When measuring the performance of our business, however, we add back the revenue resulting from this fair value adjustment as we believe that the inclusion of this revenue provides useful information to our management, as well as to investors. For the three and six months ended June 30, 2009, the fair value adjustment to ChinaHR’s deferred revenue was $0.7 million and $1.7 million, respectively.

Wind-down of Internet Advertising & Fees Tickle Business

In May 2008, we announced our intentions to wind-down the operations of Tickle, a business included in the Internet Advertising & Fees segment. As a result of this action, we have reclassified our quarterly financial information to reflect the wind-down as discontinued operations in all periods presented. The financial results from continuing operations, presented herein, reflect the results of the remaining and ongoing portion of our business.

Security Breach

In August 2007, we announced a security breach related to unauthorized access to our resume database. We took remediation measures, including the procurement of the capability to assist any potentially affected customers. For the six months ended June 30, 2008, we recorded $0.5 million related to the breach, which was recorded as a component of office and general in the consolidated statement of operations.

Reclassifications

Certain reclassifications of prior year amounts have been made for consistent presentation.

Non-GAAP financial measures

Monster Worldwide, Inc. (the “Company”) has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles (“GAAP”) and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

3

Non-GAAP revenue, operating expenses, operating income, operating margin, income from continuing operations and diluted earnings per share all exclude certain pro forma adjustments including: deferred revenue fair value purchase accounting adjustment related to ChinaHR, ongoing costs associated with the stock option investigations, related litigation and potential fines or settlements; severance costs for former executive officers incurred in the second quarter of 2007; costs related to the measures taken by the Company in response to a security breach in August 2007; and the strategic restructuring actions initiated in the third quarter of 2007. The Company uses these non-GAAP measures for reviewing the ongoing results of the Company’s core business operations and in certain instances, for measuring performance under certain of the Company’s incentive compensation plans. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

Operating income before depreciation and amortization (“OIBDA”) is defined as income from operations before depreciation, amortization of intangible assets, amortization of stock based compensation and non-cash costs incurred in connection with the Company’s restructuring program. The Company considers OIBDA to be an important indicator of its operational strength. This measure eliminates the effects of depreciation, amortization of intangible assets, amortization of stock based compensation and non-cash restructuring costs from period to period, which the Company believes is useful to management and investors in evaluating its operating performance. OIBDA is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies.

Free cash flow is defined as cash flow from operating activities less capital expenditures. Free cash flow is considered a liquidity measure and provides useful information about the Company’s ability to generate cash after investments in property and equipment. Free cash flow reflected herein is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies. Free cash flow does not reflect the total change in the Company’s cash position for the period and should not be considered a substitute for such a measure.

Net cash and securities are defined as cash and cash equivalents plus short-term and long-term marketable securities, less total debt. Total available liquidity is defined as cash and cash equivalents, plus short-term and long-term marketable securities plus unused borrowings under our credit facility. The Company considers net cash and securities and total available liquidity to be an important measure of liquidity and an indicator of its ability to meet its ongoing obligations. The Company also uses net cash and securities and total available liquidity, among other measures, in evaluating its choices for capital deployment. Net cash and securities and total available liquidity are presented herein as non-GAAP measures and may not be comparable to similarly titled measures used by other companies.

Selected financial ratios

We have included selected financial ratios in this financial supplement in order to assist investors to further evaluate our business. Our definitions and calculations are as follows:

Annualized return on equity

Annualized return on equity measures our effectiveness and ability to generate future profitability on the earnings that we retain. In addition, the ratio is a strong indicator of how well we utilize shareholders’ investments in our business. We calculate annualized return on equity as follows:

Annualized net income / Average stockholders’ equity

Book value per share

Book value per share is a market value indicator that we utilize when analyzing our stockholders’ equity. We calculate book value per share as follows:

Stockholders’ equity / Total shares outstanding

4

Cash and marketable securities per share

We calculate cash and marketable securities per share as follows:

(Cash and cash equivalents + Current marketable securities + Non-current marketable securities) / Total shares outstanding

Net cash and securities

We calculate cash and marketable securities per share as follows:

(Cash and cash equivalents + available-for-sale securities, current, + available-for-sale securities, non-current - borrowings on credit facility short-term - current portion of long-term debt - long-term debt, less current portion)

5

Monster Worldwide, Inc.
Statements of Operations
(unaudited, in thousands, except per share amounts)

	Trended Quarterly Data																											Year to Date Data
Summary P&L Information	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009			6M 2008			6M 2009
Monster Careers	$	291,326		$	296,996		$	316,877		$	336,810		$	320,953		$	297,606		$	257,931		$	222,849		$	190,397		$	657,763		$	413,246
Internet Advertising & Fees		32,659			33,146			30,970			29,662			33,341			34,583			32,741			31,554			32,660			63,003			64,214
Revenue		323,985			330,142			347,847			366,472			354,294			332,189			290,672			254,403			223,057			720,766			477,460
Salary and related		127,839			123,965			127,666			135,115			127,346			128,904			123,211			112,037			103,564			262,461			215,601
Office and general		51,856			57,621			56,708			61,710			61,754			57,124			44,091			45,793			42,917			123,464			88,710
Marketing and promotion		73,568			71,584			76,818			111,854			68,976			57,684			52,684			73,691			44,953			180,830			118,644
Provision for legal settlements, net		—			—			—			—			40,100			—			—			—			—			40,100			—
Restructuring and other special charges		—			11,155			5,442			6,927			2,732			3,592			3,156			11,008			5,097			9,659			16,105
Depreciation expense		9,350			10,408			10,589			10,803			12,330			13,336			14,761			13,769			14,479			23,133			28,248
Amortization of restricted stock and RSU Plan		17,069			2,871			3,623			5,206			8,351			7,437			7,046			10,149			9,816			13,557			19,965
Non-cash stock option expense		47			104			105			127			182			165			178			199			104			309			303
Amortization of intangibles		1,413			1,437			1,457			1,386			1,274			1,374			2,756			2,551			2,466			2,660			5,017
Operating expenses		281,142			279,145			282,408			333,128			323,045			269,616			247,883			269,197			223,396			656,173			492,593
Operating (loss) income		42,843			50,997			65,439			33,344			31,249			62,573			42,789			(14,794	)		(339	)		64,593			(15,133	)
Interest and other, net		6,903			6,507			6,799			7,383			3,057			5,283			1,560			1,203			76			10,440			1,279
Income (loss) from cont. operations, pre-tax		49,746			57,504			72,238			40,727			34,306			67,856			44,349			(13,591	)		(263	)		75,033			(13,854	)
Income taxes		17,587			20,474			25,310			15,143			12,153			22,734			14,880			(4,489	)		(83	)		27,296			(4,572	)
Losses in equity interests, net		(2,966	)		(3,074	)		(838	)		(1,822	)		(3,592	)		(2,086	)		(339	)		(1,239	)		(1,190	)		(5,414	)		(2,429	)
Income (loss) from continuing operations		29,193			33,956			46,090			23,762			18,561			43,036			29,130			(10,341	)		(1,370	)		42,323			(11,711	)
Income (loss) from disc. operations, net of tax(1)		(577	)		(655	)		(1,090	)		(1,171	)		12,269			(258	)		(536	)		—			—			11,098			—
Net income (loss)	$	28,616		$	33,301		$	45,000		$	22,591		$	30,830		$	42,778		$	28,594		$	(10,341	)	$	(1,370	)	$	53,421		$	(11,711	)
Basic earnings (loss) per share:
Income (loss) from continuing operations	$	0.22		$	0.26		$	0.37		$	0.19		$	0.15		$	0.36		$	0.25		$	(0.09	)	$	(0.01	)	$	0.35		$	(0.10	)
Net income (loss)	$	0.22		$	0.26		$	0.36		$	0.18		$	0.26		$	0.36		$	0.24		$	(0.09	)	$	(0.01	)	$	0.44		$	(0.10	)
Diluted earnings (loss) per share:
Income (loss) from continuing operations	$	0.22		$	0.26		$	0.36		$	0.19		$	0.15		$	0.36		$	0.24		$	(0.09	)	$	(0.01	)	$	0.35		$	(0.10	)
Net income (loss)	$	0.21		$	0.25		$	0.36		$	0.18		$	0.25		$	0.35		$	0.24		$	(0.09	)	$	(0.01	)	$	0.44		$	(0.10	)
Weighted avg. shares outstanding:
Basic shares		130,542			129,499			125,504			122,711			120,885			120,057			118,601			118,855			119,274			121,798			119,066
Diluted shares		133,121			130,757			126,704			123,332			121,541			120,722			119,380			118,855			119,274			122,552			119,066
Global employees (ones)		5,442			5,116			5,112			5,164			5,396			5,669			6,961			6,295			5,999			5,396			5,999
Annualized revenue per average employee	$	241.6		$	250.2		$	272.1		$	285.3		$	268.4		$	240.2		$	184.1		$	153.5		$	145.1		$	268.4		$	145.1

^{(1) -}  Loss from discontinued operations, net of tax in the second quarter of 2008 includes tax benefits of $29.4 million and long-lived asset write-offs of $13.1 million related to the wind-down of the Tickle business included in our Internet Advertising & Fees business segment.

6

Monster Worldwide, Inc.
Trailing Twelve Months Statistics — Statements of Operations
(unaudited, in thousands, except per share amounts)

Summary P&L Information	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009
Monster Careers	$	1,084,101		$	1,136,805		$	1,195,422		$	1,242,009		$	1,271,636		$	1,272,246		$	1,213,300		$	1,099,339		$	968,783
Internet Advertising & Fees		127,303			128,505			128,382			126,437			127,119			128,556			130,327			132,219			131,538
Revenue		1,211,404			1,265,310			1,323,804			1,368,446			1,398,755			1,400,802			1,343,627			1,231,558			1,100,321
Salary and related		458,256			479,579			496,472			514,585			514,092			519,031			514,576			491,498			467,716
Office and general		200,719			217,151			224,935			227,895			237,793			237,296			224,679			208,762			189,925
Marketing and promotion		269,446			278,594			294,479			333,824			329,232			315,332			291,198			253,035			229,012
Provision for legal settlements, net		—			—			—			—			40,100			40,100			40,100			40,100			—
Restructuring and other special charges		—			11,155			16,597			23,524			26,256			18,693			16,407			20,488			22,853
Depreciation expense		31,595			35,066			38,207			41,150			44,130			47,058			51,230			54,196			56,345
Amortization of restricted stock and RSU Plan		26,612			26,540			27,739			28,769			20,051			24,617			28,040			32,983			34,448
Non-cash stock option expense		233			337			442			383			518			579			652			724			646
Amortization of intangibles		5,838			5,812			5,701			5,693			5,554			5,491			6,790			7,955			9,147
Operating expenses		992,699			1,054,234			1,104,572			1,175,823			1,217,726			1,208,197			1,173,672			1,109,741			1,010,092
Operating income		218,705			211,076			219,232			192,623			181,029			192,605			169,955			121,817			90,229
Interest and other, net		23,943			25,327			25,622			27,592			23,746			22,522			17,283			11,103			8,122
Income from continuing operations, pre-tax		242,648			236,403			244,854			220,215			204,775			215,127			187,238			132,920			98,351
Income taxes		85,246			83,458			86,461			78,514			73,080			75,340			64,910			45,278			33,042
Losses in equity interests, net		(7,957	)		(8,977	)		(8,298	)		(8,700	)		(9,326	)		(8,338	)		(7,839	)		(7,256	)		(4,854	)
Income from continuing operations		149,445			143,968			150,095			133,001			122,369			131,449			114,489			80,386			60,455
Income (loss) from disc. operations, net of tax		(126,089	)		(3,494	)		(3,696	)		(3,493	)		9,353			9,750			10,304			11,475			(794	)
Net income	$	23,356		$	140,474		$	146,399		$	129,508		$	131,722		$	141,199		$	124,793		$	91,861		$	59,661
Basic earnings (loss) per share:
Income (loss) from continuing operations	$	1.16		$	1.11		$	1.17		$	1.05		$	0.98		$	1.07		$	0.95		$	0.67		$	0.51
Net income (loss)	$	0.18		$	1.08		$	1.14		$	1.02		$	1.06		$	1.15		$	1.04		$	0.77		$	0.50
Diluted earnings (loss) per share:
Income (loss) from continuing operations	$	1.13		$	1.09		$	1.15		$	1.04		$	0.97		$	1.07		$	0.94		$	0.67		$	0.51
Net income (loss)	$	0.18		$	1.07		$	1.12		$	1.01		$	1.05		$	1.15		$	1.03		$	0.76		$	0.50
Weighted avg. shares outstanding:
Basic shares		129,292			129,546			128,785			127,064			124,650			122,289			120,557			119,600			119,197
Diluted shares		131,905			131,888			130,755			128,479			125,584			123,075			121,167			120,125			119,558

7

Monster Worldwide, Inc.
Statements of Cash Flows
(unaudited, in thousands, except per share amounts)

	Trended Quarterly Data																											Year to Date Data
	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009			6M 2008			6M 2009
Cash flows provided by (used for) operating activities:
Net income (loss)	$	28,616		$	33,301		$	45,000		$	22,591		$	30,830		$	42,778		$	28,594		$	(10,341	)	$	(1,370	)	$	53,421		$	(11,711	)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
(Income) loss from discontinued operations, net of tax		577			655			1,090			1,171			(12,269	)		258			536			—			—			(11,098	)		—
Depreciation and amortization of intangibles		10,763			11,845			12,046			12,189			13,604			14,710			17,517			16,320			16,945			25,793			33,265
Provision for legal settlements, net		—			—			—			—			40,100			—			—			—			—			40,100			—
Receipts and payments for legal settlements, net		—			—			—			—			—			5,700			(35,587	)		—			—			—			—
Provision for doubtful accounts		2,630			3,340			4,453			3,564			3,207			4,403			5,057			4,072			2,812			6,771			6,884
Non-cash compensation		17,116			2,975			3,728			6,495			8,533			7,602			7,223			10,348			9,920			15,028			20,268
Deferred income taxes		(7,605	)		2,808			(2,762	)		(7,319	)		(12,263	)		12,440			14,572			(2,488	)		(3,933	)		(19,582	)		(6,421	)
Non-cash restructuring write-offs and (gain) loss on disposal of assets		(572	)		(2	)		3			1,649			436			924			924			3,690			1,051			2,085			4,741
Loss in equity interests		2,966			3,074			838			1,822			3,592			2,086			339			1,239			1,189			5,414			2,428
Changes in assets and liabilities, net of business combinations:																													—			—
Accounts receivable		(4,804	)		13,699			(101,843	)		37,848			44,812			49,231			(19,371	)		72,347			47,892			82,660			120,239
Prepaid and other		(4,202	)		(8,007	)		(12,766	)		1,025			18,073			2,522			1,548			3,246			13,615			19,098			16,861
Deferred revenue		2,360			(17,515	)		89,650			(2,458	)		(51,465	)		(58,644	)		(5,732	)		(63,383	)		(61,153	)		(53,923	)		(124,536	)
Accounts payable, accrued expenses and other liabilities		7,163			26,536			27,091			(289	)		(13,308	)		8,673			(27,790	)		(21,237	)		(40,656	)		(13,597	)		(61,893	)
Net cash provided by (used for) operating activities of discontinued operations		(1,847	)		126			(2,344	)		(560	)		(2,569	)		(962	)		(2,758	)		(77	)		77			(3,129	)		—
Total adjustments		24,545			39,534			19,184			55,137			40,483			48,943			(43,522	)		24,077			(12,241	)		95,620			11,836
Net cash provided by (used for) operating activities		53,161			72,835			64,184			77,728			71,313			91,721			(14,928	)		13,736			(13,611	)		149,041			125
Cash flows provided by (used for) investing activities:
Capital expenditures		(15,515	)		(10,596	)		(16,240	)		(20,559	)		(29,654	)		(21,011	)		(22,403	)		(14,922	)		(11,457	)		(50,213	)		(26,379	)
Purchase of marketable securities		(317,555	)		(327,250	)		(415,025	)		(149,249	)		(7,633	)		(25,265	)		(1,785	)		(992	)		(6,484	)		(156,882	)		(7,476	)
Sale and maturities of marketable securities		277,903			446,418			478,068			414,453			21,852			66,000			36,981			1,425			1,892			436,305			3,317
Payments for acquisitions and intangible assets, net of cash acquired		(142	)		(133	)		(610	)		(61,567	)		—			(64,628	)		(166,641	)		—			—			(61,567	)		—
Dividends received from unconsolidated investee		—			—			—			—			1,011			—			—			—			763			1,011			763
Cash funded to equity investee		(1,600	)		(5,900	)		—			(5,000	)		—			—			(1,402	)		(1,428	)		(1,886	)		(5,000	)		(3,314	)
Net cash used for investing activities of discontinued operations		(87	)		(5	)		—			—			—			—			—			—			—			—			—
Net cash provided by (used for) investing activities		(56,996	)		102,534			46,193			178,078			(14,424	)		(44,904	)		(155,250	)		(15,917	)		(17,172	)		163,654			(33,089	)
Cash flows provided by (used for) financing activities:
Proceeds from borrowings on credit facilities short-term		—			—			—			—			—			247,000			4,971			199,203			—			—			199,203
Payments on borrowings on credit facilities short-term		—			—			—			—			—			—			(197,893	)		—			(157,173	)		—			(157,173	)
Repurchase of common stock		(6,716	)		(154,692	)		(97,761	)		(79,469	)		(6,858	)		(41,806	)		(32	)		(1,907	)		(528	)		(86,327	)		(2,435	)
Net borrowings (payments) under capital lease obligations and other debt		—			(58	)		(42	)		(80	)		(67	)		(9	)		(15	)		(5	)		(1	)		(147	)		(6	)
Payments on acquisition debt		(5,552	)		—			(1,500	)		—			—			—			—			—			—			—			—
Proceeds from the exercise of employee stock options		10,006			651			838			418			628			110			305			9			—			1,046			9
Excess tax benefits from (provisions for) stock-based compensation		5,857			1,611			(155	)		61			59			861			22			4			—			120			4
Net cash provided by (used for) financing activities		3,595			(152,488	)		(98,620	)		(79,070	)		(6,238	)		206,156			(192,642	)		197,304			(157,702	)		(85,308	)		39,602
Effects of exchange rates on cash		1,037			3,795			772			10,256			(1,933	)		(13,303	)		(20,044	)		(6,327	)		13,681			8,323			7,354
Net increase (decrease) in cash and cash equivalents		797			26,676			12,529			186,992			48,718			239,670			(382,864	)		188,796			(174,804	)		235,710			13,992
Cash and cash equivalents, beginning of period		89,742			90,539			117,215			129,744			316,736			365,454			605,124			222,260			411,056			129,744			222,260
Cash and cash equivalents, end of period	$	90,539		$	117,215		$	129,744		$	316,736		$	365,454		$	605,124		$	222,260		$	411,056		$	236,252		$	365,454		$	236,252
Non — GAAP Free cash flow (1):
Net cash provided by operating activities	$	53,161		$	72,835		$	64,184		$	77,728		$	71,313		$	91,721		$	(14,928	)	$	13,736		$	(13,611	)	$	149,041		$	125
Less: Capital expenditures		(15,515	)		(10,596	)		(16,240	)		(20,559	)		(29,654	)		(21,011	)		(22,403	)		(14,922	)		(11,457	)		(50,213	)		(26,379	)
Free cash flow	$	37,646		$	62,239		$	47,944		$	57,169		$	41,659		$	70,710		$	(37,331	)	$	(1,186	)	$	(25,068	)	$	98,828		$	(26,254	)

⁽¹⁾ - See notes to financial supplement for further explanation of non-GAAP measures.

8

Monster Worldwide, Inc.
Consolidated Condensed Balance Sheets
(unaudited, in thousands, except selected financial ratios)

	Trended Quarterly Data
	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009
ASSETS
Current assets:
Cash and cash equivalents	$	90,539		$	117,215		$	129,744		$	316,736		$	365,454		$	605,124		$	222,260		$	411,056		$	236,252
Marketable securities, current		630,914			511,746			448,703			79,236			68,579			33,823			1,425			992			14,533
Net Accounts Receivable		419,033			401,994			499,854			458,447			410,427			358,214			376,720			294,449			249,004
Prepaid and other		100,233			101,950			106,664			97,929			121,093			111,754			82,415			82,710			73,866
Total current assets		1,240,719			1,132,905			1,184,965			952,348			965,553			1,108,915			682,820			789,207			573,655
Marketable securities, non-current		—			—			—			102,716			99,330			93,728			90,347			89,196			81,272
Property and equipment, net		117,613			117,802			123,397			138,182			149,048			152,352			161,282			154,559			153,942
Goodwill		595,850			614,437			615,334			702,598			690,161			707,164			894,546			886,970			897,561
Intangibles, net		37,012			36,804			35,351			34,308			32,696			36,694			52,335			49,533			47,420
Investment in unconsolidated affiliates		54,782			51,708			50,871			49,049			44,446			42,360			1,843			1,315			517
Other assets		48,360			52,513			53,162			67,218			70,475			61,761			33,417			33,314			35,100
Non-current assets of discontinued operations		16,233			15,461			14,730			13,959			—			—			—			—			—
Total assets	$	2,110,569		$	2,021,630		$	2,077,810		$	2,060,378		$	2,051,709		$	2,202,974		$	1,916,590		$	2,004,094		$	1,789,467
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, accrued expenses and other	$	278,553		$	298,023		$	304,146		$	297,932		$	321,077		$	328,546		$	254,407		$	225,630		$	192,266
Deferred revenue		452,196			434,682			524,331			521,873			470,408			411,764			414,312			344,905			289,818
Borrowings on credit facility short-term		—			—			—			—			—			247,000			54,971			254,174			97,000
Current portion of long-term debt		1,660			1,684			184			158			142			26			18			27			23
Total current liabilities		732,409			734,389			828,661			819,963			791,627			987,336			723,708			824,736			579,107
Non-current income taxes payable		89,910			94,418			111,108			116,376			119,360			115,318			119,951			123,385			125,991
Other liabilities		25,785			25,574			17,264			16,254			17,449			23,699			25,658			29,838			30,971
Non-current liabilities of discontinued operations		4,696			4,486			4,276			4,067			—			—			—			—			—
Total liabilities		852,800			858,867			961,309			956,660			928,436			1,126,353			869,317			977,959			736,069
Common stock and class B common stock		131			131			133			133			134			134			133			134			134
Additional paid-in capital		1,713,670			1,562,646			1,468,808			1,395,991			1,397,281			1,363,655			1,367,373			1,374,049			1,382,649
Accumulated other comprehensive (loss) income		93,096			115,813			118,387			155,830			143,264			87,460			25,801			8,327			28,360
Retained deficit		(549,128	)		(515,827	)		(470,827	)		(448,236	)		(417,406	)		(374,628	)		(346,034	)		(356,375	)		(357,745	)
Total stockholders’ equity		1,257,769			1,162,763			1,116,501			1,103,718			1,123,273			1,076,621			1,047,273			1,026,135			1,053,398
Total liabilities and stockholders’ equity	$	2,110,569		$	2,021,630		$	2,077,810		$	2,060,378		$	2,051,709		$	2,202,974		$	1,916,590		$	2,004,094		$	1,789,467
Selected Financial Ratios(1)
- Annualized return on equity		9.3	%		11.0	%		15.8	%		8.1	%		11.1	%		15.6	%		10.8	%		-4.0	%		-0.5	%
- Book value per share	$	9.60		$	9.19		$	9.02		$	9.13		$	9.30		$	9.08		$	8.83		$	8.61		$	8.83
- Cash and marketable securities per share	$	5.51		$	4.97		$	4.67		$	4.13		$	4.42		$	6.18		$	2.65		$	4.20		$	2.78
- Net cash and securities	$	719,481		$	627,016		$	578,032		$	498,353		$	533,095		$	485,632		$	259,033		$	247,038		$	235,034

⁽¹⁾  - See notes to financial supplement for definitions and calculations of selected financial ratios.

9

Monster Worldwide, Inc.
Segment Information and Margin Analysis — Non-GAAP
(unaudited, in thousands)

	Trended Quarterly Data																											Year to Date Data
	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009			6M 2008			6M 2009
Segment OIBDA(1):
Careers — North America	$	60,845		$	57,589		$	60,410		$	47,602		$	67,636		$	52,516		$	44,138		$	12,272		$	22,066		$	115,238		$	34,338
Careers — International		17,362			12,896			29,980			16,662			40,361			39,060			23,833			10,749			8,386			57,023			19,135
Careers OIBDA (1)		78,207			70,485			90,390			64,264			107,997			91,576			67,971			23,021			30,452			172,261			53,473
Internet Advertising & Fees OIBDA(1)		7,438			5,316			3,118			792			7,508			7,425			6,293			6,364			7,939			8,300			14,303
Total Monster OIBDA(1)	$	85,645		$	75,801		$	93,508		$	65,056		$	115,505		$	99,001		$	74,264		$	29,385		$	38,391		$	180,561		$	67,776
Corporate expenses before D&A(1)	$	(14,923	)	$	(9,917	)	$	(11,032	)	$	(12,104	)	$	(61,196	)	$	(13,192	)	$	(5,810	)	$	(13,843	)	$	(10,810	)	$	(73,300	)	$	(24,653	)
Proforma operating income(1):
Careers — North America	$	55,029		$	59,430		$	56,482		$	42,955		$	59,335		$	43,771		$	34,314		$	3,100		$	12,405		$	102,290		$	15,505
Careers — International		12,055			13,589			28,699			12,945			33,316			32,467			17,711			7,413			1,983			46,261			9,396
Careers Proforma operating income(1)		67,084			73,019			85,181			55,900			92,651			76,238			52,025			10,513			14,388			148,551			24,901
Internet Advertising & Fees ProForma operating income (loss)(1)		5,679			5,404			2,658			(609	)		4,994			4,977			3,745			4,003			5,096			4,385			9,099
Total Monster Proforma income(1)	$	72,763		$	78,423		$	87,839		$	55,291		$	97,645		$	81,215		$	55,770		$	14,516		$	19,484		$	152,936		$	34,000
Corporate Proforma expenses(1)	$	(8,778	)	$	(8,046	)	$	(12,177	)	$	(11,586	)	$	(19,308	)	$	(11,175	)	$	(14,294	)	$	(14,288	)	$	(11,756	)	$	(30,894	)	$	(26,044	)
Segment operating income (loss):(1)
Careers — North America	$	54,579		$	51,455		$	52,950		$	39,701		$	58,409		$	43,120		$	34,025		$	828		$	10,919		$	98,110		$	11,747
Careers — International		12,055			7,344			24,753			9,643			31,916			30,230			12,938			(671	)		(2,019	)		41,559			(2,690	)
Careers operating income (loss)		66,634			58,799			77,703			49,344			90,325			73,350			46,963			157			8,900			139,669			9,057
Internet Advertising & Fees operating income (loss)		5,679			3,487			1,383			(1,431	)		4,656			4,726			3,715			3,557			4,926			3,225			8,483
Total Monster operating income (loss)	$	72,313		$	62,286		$	79,086		$	47,913		$	94,981		$	78,076		$	50,678		$	3,714		$	13,826		$	142,894		$	17,540
Corporate expenses	$	(29,470	)	$	(11,289	)	$	(13,647	)	$	(14,569	)	$	(63,732	)	$	(15,503	)	$	(7,889	)	$	(18,508	)	$	(14,165	)	$	(78,301	)	$	(32,673	)
Margin Analysis:
Careers — North America OIBDA margin		34.9	%		32.8	%		34.8	%		25.9	%		41.2	%		33.8	%		32.7	%		10.3	%		21.7	%		33.1	%		15.5	%
Careers — North America Proforma operating margin		31.5	%		33.9	%		32.5	%		23.4	%		36.1	%		28.2	%		25.4	%		2.6	%		12.2	%		29.4	%		7.0	%
Careers — North America operating margin		31.3	%		29.4	%		30.5	%		21.6	%		35.6	%		27.8	%		25.2	%		0.7	%		10.7	%		28.2	%		5.3	%
Careers — International OIBDA margin		14.9	%		10.6	%		20.9	%		10.9	%		25.8	%		27.4	%		19.4	%		10.4	%		9.5	%		18.4	%		10.0	%
Careers — International Proforma operating margin		10.3	%		11.2	%		20.0	%		8.4	%		21.3	%		22.8	%		14.2	%		7.1	%		2.2	%		14.9	%		4.8	%
Careers — International operating margin		10.3	%		6.0	%		17.3	%		6.3	%		20.4	%		21.2	%		10.5	%		-0.6	%		-2.3	%		13.4	%		-1.4	%
Careers OIBDA margin		26.8	%		23.7	%		28.5	%		19.1	%		33.6	%		30.8	%		26.4	%		10.3	%		16.0	%		26.2	%		12.9	%
Careers Proforma operating margin		23.0	%		24.6	%		26.9	%		16.6	%		28.9	%		25.6	%		20.0	%		4.7	%		7.5	%		22.6	%		6.0	%
Careers operating margin		22.9	%		19.8	%		24.5	%		14.7	%		28.1	%		24.6	%		18.2	%		0.1	%		4.7	%		21.2	%		2.2	%
Internet Advertising & Fees OIBDA margin		22.8	%		16.0	%		10.1	%		2.7	%		22.5	%		21.5	%		19.2	%		20.2	%		24.3	%		13.2	%		22.3	%
Internet Advertising & Fees Proforma operating margin		17.4	%		16.3	%		8.6	%		-2.1	%		15.0	%		14.4	%		11.4	%		12.7	%		15.6	%		7.0	%		14.2	%
Internet Advertising & Fees operating margin		17.4	%		10.5	%		4.5	%		-4.8	%		14.0	%		13.7	%		11.3	%		11.3	%		15.1	%		5.1	%		13.2	%

⁽¹⁾  - See notes to financial supplement for further explanation of non-GAAP measures.

10

Monster Worldwide, Inc.
Statements of Operations
(unaudited)

	Trended Quarterly Data																											Year to Date Data
Summary P&L Information	Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			Q1 2009			Q2 2009			6M 2008			6M 2009
Monster Careers		89.9	%		90.0	%		91.1	%		91.9	%		90.6	%		89.6	%		88.7	%		87.6	%		85.4	%		91.3	%		86.6	%
Internet Advertising & Fees		10.1	%		10.0	%		8.9	%		8.1	%		9.4	%		10.4	%		11.3	%		12.4	%		14.6	%		8.7	%		13.4	%
Revenue		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Salary and related		39.5	%		37.5	%		36.7	%		36.9	%		35.9	%		38.8	%		42.4	%		44.0	%		46.4	%		36.4	%		45.2	%
Office and general		16.0	%		17.5	%		16.3	%		16.8	%		17.4	%		17.2	%		15.2	%		18.0	%		19.2	%		17.1	%		18.6	%
Marketing and promotion		22.7	%		21.7	%		22.1	%		30.5	%		19.5	%		17.4	%		18.1	%		29.0	%		20.2	%		25.1	%		24.8	%
Provision for legal settlements, net		0.0	%		0.0	%		0.0	%		0.0	%		11.3	%		0.0	%		0.0	%		0.0	%		0.0	%		5.6	%		0.0	%
Restructuring and other special charges		0.0	%		3.4	%		1.6	%		1.9	%		0.8	%		1.1	%		1.1	%		4.3	%		2.3	%		1.3	%		3.4	%
Depreciation expense		2.9	%		3.2	%		3.0	%		2.9	%		3.5	%		4.0	%		5.1	%		5.4	%		6.5	%		3.2	%		5.9	%
Amortization of restricted stock and RSU Plan		5.3	%		0.9	%		1.0	%		1.4	%		2.4	%		2.2	%		2.4	%		4.0	%		4.4	%		1.9	%		4.2	%
Non-cash stock option expense		0.0	%		0.0	%		0.0	%		0.0	%		0.1	%		0.0	%		0.1	%		0.1	%		0.0	%		0.0	%		0.1	%
Amortization of intangibles		0.4	%		0.4	%		0.4	%		0.4	%		0.4	%		0.4	%		0.9	%		1.0	%		1.1	%		0.4	%		1.1	%
Operating expenses		86.8	%		84.6	%		81.2	%		90.9	%		91.2	%		81.2	%		85.3	%		105.8	%		100.2	%		91.0	%		103.2	%
Operating income (loss)		13.2	%		15.4	%		18.8	%		9.1	%		8.8	%		18.8	%		14.7	%		-5.8	%		-0.2	%		9.0	%		-3.2	%
Interest and other, net		2.1	%		2.0	%		2.0	%		2.0	%		0.9	%		1.6	%		0.5	%		0.5	%		0.0	%		1.4	%		0.3	%
Income (loss) from continuing operations, pre-tax		15.4	%		17.4	%		20.8	%		11.1	%		9.7	%		20.4	%		15.3	%		-5.3	%		-0.1	%		10.4	%		-2.9	%
Income taxes		5.4	%		6.2	%		7.3	%		4.1	%		3.4	%		6.8	%		5.1	%		-1.8	%		0.0	%		3.8	%		-1.0	%
Losses in equity interests, net		-0.9	%		-0.9	%		-0.2	%		-0.5	%		-1.0	%		-0.6	%		-0.1	%		-0.5	%		-0.5	%		-0.8	%		-0.5	%
Income from continuing operations		9.0	%		10.3	%		13.3	%		6.5	%		5.2	%		13.0	%		10.0	%		-4.1	%		-0.6	%		5.9	%		-2.5	%
Income (loss) from disc. operations, net of tax		-0.2	%		-0.2	%		-0.3	%		-0.3	%		3.5	%		-0.1	%		-0.2	%		0.0	%		0.0	%		1.5	%		0.0	%
Net income (loss)		8.8	%		10.1	%		12.9	%		6.2	%		8.7	%		12.9	%		9.8	%		-4.1	%		-0.6	%		7.4	%		-2.5	%

11

Monster Worldwide, Inc.
Statements of Operations — Reconciliation of Non-GAAP Measures
(unaudited, in thousands, except per share amounts)

	Trended Quarterly Data																					Year to Date Data
Summary P&L Information	Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008			Q1 2009			Q2 2009			6M 2008		6M 2009
Proforma revenue (1)	$	323,985	$	330,142	$	347,847	$	366,472	$	354,294	$	332,189	$	292,885		$	255,397		$	223,782		$	720,766	$	479,179
Deferred revenue related to acquisitions		—		—		—		—		—		—		2,213			994			725			—		1,719
Revenue	$	323,985	$	330,142	$	347,847	$	366,472	$	354,294	$	332,189	$	290,672		$	254,403		$	223,057		$	720,766	$	477,460
OIBDA (1)	$	70,722	$	65,884	$	82,476	$	52,952	$	54,309	$	85,809	$	68,454		$	15,542		$	27,581		$	107,261	$	43,123
Depreciation expense		9,350		10,408		10,589		10,803		12,330		13,336		14,761			13,769			14,479			23,133		28,248
Amortization of restricted stock and RSU Plan		17,069		2,871		3,623		5,206		8,351		7,437		7,046			10,149			9,816			13,557		19,965
Non-cash stock option expense		47		104		105		127		182		165		178			199			104			309		303
Restructuring non-cash compensation expense		—		—		—		1,162		—		—		—			—			—			1,162		—
Restructuring non-cash write-offs		—		67		1,263		924		923		924		924			3,668			1,055			1,847		4,723
Amortization of intangibles		1,413		1,437		1,457		1,386		1,274		1,374		2,756			2,551			2,466			2,660		5,017
Operating income (loss)	$	42,843	$	50,997	$	65,439	$	33,344	$	31,249	$	62,573	$	42,789		$	(14,794	)	$	(339	)	$	64,593	$	(15,133	)
Proforma operating income (1)	$	63,985	$	70,377	$	75,662	$	43,705	$	78,337	$	70,040	$	41,476		$	228		$	7,728		$	122,042	$	7,956
Executive Commitments		15,811		—		—		—		—		—		—			—			—			—		—
Provision for legal settlements, net		—		—		—		—		40,100		—		—			—			—			40,100		—
Stock option investigation		5,331		2,571		1,392		2,983		4,256		3,875		(6,682	)		3,020			2,245			7,239		5,265
Security breach		—		5,654		3,389		451		—		—		—			—			—			451		-
Deferred revenue related to acquisitions		—		—		—		—		—		—		2,213			994			725			—		1,719
Restructuring non-cash compensation expense		—		—		—		1,162		—		—		—			—			—			1,162		—
Restructuring program non-cash write-offs		—		67		1,263		924		923		924		924			3,668			1,055			1,847		4,723
Restructuring expenses, less non-cash items		—		11,088		4,179		4,841		1,809		2,668		2,232			7,340			4,042			6,650		11,382
Operating income (loss)	$	42,843	$	50,997	$	65,439	$	33,344	$	31,249	$	62,573	$	42,789		$	(14,794	)	$	(339	)	$	64,593	$	(15,133	)

⁽¹⁾  - See notes to financial supplement for further explanation of non-GAAP measures.

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