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): October 28, 2010

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 October 28, 2010, Monster Worldwide, Inc. (the “Company”) announced its results of operations for the quarter and nine months ended September 30, 2010. A copy of the Company’s press release announcing its results of operations for the quarter and nine months ended September 30, 2010 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.

99.1	Press Release of the Company Issued on October 28, 2010 Reporting the Company’s Third Quarter and Nine Months 2010 Results.
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: October 28, 2010

EXHIBIT INDEX

Exhibit
Number		Description
	99.1	Press Release of the Company Issued on October 28, 2010 Reporting the Company’s Third Quarter and Nine Months 2010 Results.
	99.2	Supplemental Financial Information.

EX-99.1

Exhibit 99.1

Monster Worldwide Reports Third Quarter and Nine Months 2010 Results

Bookings of $235 Million Increased 26% Year over Year; Deferred Revenue Improved to $313 Million, an 18% Year over Year Increase

Revenue of $229 Million Increased 7% Year over Year

GAAP Loss of $0.05 per Share Primarily Due to HotJobs Acquisition Costs; Non-GAAP EPS of $0.02

Q4 2010 Bookings Expected to Grow in the Range of 27 — 32% Year over Year

Company Provides 2011 Preliminary Expectations for Bookings and Revenue Growth in the Range of 20 — 25%

New York, October 28, 2010— Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for the third quarter and nine months ended September 30, 2010. Monster Worldwide completed the acquisition of Yahoo! HotJobs on August 24, 2010 and the Company’s third quarter financial results include approximately five weeks of HotJobs’ results.

Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “Our third quarter results affirm that our strategy is working. We continue to gain momentum across all geographies and major vertical markets — resulting in year over year bookings growth of 26%, or 23% excluding HotJobs, and a sequential improvement in deferred revenue. Our business is growing in large part due to our unrivaled global reach, our portfolio of innovative solutions, and our search products powered by our patented 6Sense^® technology.”

The integration process for the HotJobs acquisition is well underway. The combination of Monster and HotJobs expands the Company’s audience of active and passive seekers and delivers greater value to its overall customer base.

1

Third Quarter Results

Bookings, which represent the dollar value of contractual orders received, and are considered by the Company to be a key indicator of future revenues, increased 26% to $235 million. Excluding HotJobs, bookings were $229 million, a 23% increase from $186 million reported in the third quarter of 2009. Historical data on bookings for prior quarters is available in the Company’s supplemental financial information.

GAAP revenue of $229 million includes a $1.8 million purchase accounting adjustment related to the HotJobs acquisition. Non-GAAP revenue of $231 million, of which $7.7 million is attributed to HotJobs, increased from revenue of $215 in the third quarter of 2009.

Total Careers revenue on a non-GAAP basis was $196 million. Excluding HotJobs revenue of $7.7 million, total non-GAAP Careers revenue was $188 million, an increase of 4% compared to the third quarter of 2009.

Non-GAAP Careers-North America revenue was $109 million. Excluding HotJobs revenue of $7.7 million, non-GAAP Careers-North America revenue was $101 million, an increase of 6% compared to the third quarter of 2009. Careers-International revenue increased 2% to $87 million compared with $85 million in the prior year period. Internet Advertising & Fees revenue of $35 million was flat compared to the third quarter of 2009.

Consolidated GAAP operating expenses were $234 million, including $5.9 million of HotJobs expenses. The net loss was $5.7 million, or $0.05 per share. This compares to net income of $33 million, or $0.27 per share, in the third quarter of 2009, which included a favorable tax adjustment of $31 million, or $0.26 per share.

The loss for the quarter included pre-tax adjustments of $11 million, or $0.06 per share. These items consisted of a $1.8 million reduction to revenue due to the purchase accounting adjustment related to the acquisition of HotJobs; $8.6 million in transaction and integration costs related to HotJobs; $546 thousand representing severance costs associated with global staff reductions; and a $311 thousand net realized gain on certain auction rate securities. These pro forma items are fully described in the “Notes Regarding the Use of Non-GAAP Financial Measures” and are reconciled to the GAAP measure in the accompanying tables.

2

Monster Worldwide non-GAAP income was $2.0 million, or $0.02 per share. Non-GAAP income excluding HotJobs was $1.0 million, or $0.01 per share, and thus flat on a year over year basis. On a non-GAAP basis and excluding HotJobs, operating expenses were $219 million or a 4% year over year increase compared to the third quarter of 2009.

Cash and cash equivalents were $167 million compared to $187 million in the third quarter of 2009. The decline in cash and cash equivalents was primarily attributable to the completion of the HotJobs acquisition. Capital expenditures increased to $16 million compared to $12 million in the third quarter of 2009.

Monster Worldwide’s deferred revenue balance at September 30, 2010 was $313 million. Excluding the contribution from HotJobs, the deferred revenue balance at September 30, 2010 was $299 million, compared with $280 million reported for the second quarter of 2010 and $266 million in the third quarter of 2009.

Nine Months Results

Monster Worldwide reported GAAP revenue of $659 million for the first nine months ended September 30, 2010 compared to $692 million in the same period last year, or a year over year decrease of 5%. Monster Careers revenue declined 6% to $560 million compared with $593 million in the 2009 period. Internet Advertising & Fees reported revenue of $99 million, flat with the prior year period. The Company reported a GAAP net loss of $33 million, or $0.27 per share, compared to net income of $21 million, or $0.17 per share, in the prior year period.

Guidance

The Company offered the following business outlook based on current available information and expectations as of October 28, 2010, exclusive of any future acquisitions or dispositions.

3

Q4 and Full Year 2010
($’s in millions, except per share amounts)

	Fourth
	Quarter	Full Year
	2010	2010
Bookings	$328-$342	$990-$1,004
Year Over Year Change	27%-32%	23%-24%
Bookings, excluding HotJobs	$310-$320	$966-$976
Year Over Year Change	20%-24%	20%-21%
Revenue	$258-$272	$919-$933
Year Over Year Change	21%-28%	1%-3%
Revenue, excluding HotJobs	$240-$250	$893-$903
Year Over Year Change	13%-17%	(2%)-0%
Loss/Earnings per Share (non-GAAP)	$0.04-$0.08	($0.09)-($0.05)

Full Year 2011 Preliminary Expectations

The Company offered preliminary expectations for year over year growth in bookings and revenue, inclusive of HotJobs, in the range of 20 — 25%, with at least 50% of the incremental revenue contributing to operating income. The Company expects to provide more detailed guidance for full year 2011 when it reports Q4 2010 results in early 2011.

Special Note: The statements in this release that are not strictly historical, including, without limitation, statements regarding the Company’s strategic direction, prospects and future results, 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 and, therefore, actual results may differ materially from what is expressed or implied herein and no assurance can be given that the Company will achieve, among other things, its outlook with respect to bookings, revenue or earnings per share for the fourth fiscal quarter of 2010 or the full 2010 and 2011 fiscal years. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, economic and other conditions in the markets in which we operate, risks associated with acquisitions or dispositions, competition, 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 into this release by reference. Many of the factors that will determine the Company’s future results are beyond the ability of management to control or predict. Readers should not place undue reliance on the forward-looking statements in this release as they reflect management’s views only as of the date hereof. The Company undertakes no obligation to revise or update any of the forward-looking statements contained in this release or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

4

Conference Call and Webcast

Third quarter 2010 results will be discussed on Monster Worldwide’s quarterly conference call taking place on October 28, 2010 at 5:00 PM ET. A live webcast of the conference call can be accessed online through the Investor Relations section of the Company’s website at http://ir.monster.com. To join the conference call by telephone, please dial (877) 760-8985 or (706) 758-9636 and reference conference ID# 17956275.

A presentation of financial slides will be referenced during the conference call and will be viewable through the live webcast. A PDF of the financial presentation can also be accessed through the Company’s Investor Relations website at http://ir.monster.com.

The Company has also made available certain supplemental financial information which can be accessed through the Company’s Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (800) 642-1687 or (706) 645-9291 and reference ID# 17956275. This number is valid until midnight on November 4, 2010.

Contacts

Investors: Lori Chaitman, (212) 351-7090, Lori.Chaitman@monster.com
Media: Matt Henson, (978) 823-2627, Matthew.Henson@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.

5

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: net costs associated with the Company’s historical stock option grant practices; the strategic restructuring actions initiated in the third quarter of 2007; severance charges related to the targeted global headcount reduction; facility charges primarily related to the product and technology global reorganization; the fair value adjustment to deferred revenue in connection with the acquisition of ChinaHR and HotJobs; realized gains on marketable securities; acquisition and integration-related costs associated with the acquisition of HotJobs; and a net non-cash benefit relating to the reversal of an income tax liability for uncertain tax positions. 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.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is defined as net income or loss before interest income or expense, income tax expense or benefit, net gain or loss in equity interests, depreciation and amortization and non-cash compensation expense. The Company considers EBITDA to be an important indicator of its operational strength which the Company believes is useful to management and investors in evaluating its operating performance. EBITDA is a non-GAAP measure and 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.

Bookings represent the dollar value of contractual orders received.

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 important measures of liquidity and indicators 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.

6

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2010			2009			2010			2009
Revenue	$	228,842		$	214,533		$	659,064		$	691,993
Salaries and related		119,297			112,833			362,713			348,702
Office and general		63,272			59,841			182,326			181,816
Marketing and promotion		51,661			45,757			158,167			164,401
Reversal of legal settlements, net		—			(6,850	)		—			(6,850	)
Restructuring and other special charges		—			—			—			16,105
Total operating expenses		234,230			211,581			703,206			704,174
Operating (loss) income		(5,388	)		2,952			(44,142	)		(12,181	)
Interest and other, net		(1,286	)		(48	)		(1,038	)		1,231
(Loss) income before income taxes and equity interests		(6,674	)		2,904			(45,180	)		(10,950	)
Benefit from income taxes		(1,823	)		(30,891	)		(14,831	)		(35,463	)
Loss in equity interests, net		(873	)		(1,044	)		(2,511	)		(3,473	)
Net (loss) income	$	(5,724	)	$	32,751		$	(32,860	)	$	21,040
Basic (loss) income per share	$	(0.05	)	$	0.27		$	(0.27	)	$	0.18
Diluted (loss) income per share	$	(0.05	)	$	0.27		$	(0.27	)	$	0.17
Weighted average shares outstanding:
Basic		120,796			119,473			120,509			119,206
Diluted		120,796			121,676			120,509			120,853
Operating income before depreciation and amortization:
Operating (loss) income	$	(5,388	)	$	2,952		$	(44,142	)	$	(12,181	)
Depreciation and amortization of intangibles		16,482			17,419			48,778			50,684
Amortization of stock-based compensation		13,533			10,081			34,677			30,349
Restructuring non-cash expenses		—			—			—			4,721
Operating income before depreciation and amortization	$	24,627		$	30,452		$	39,313		$	73,573

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

	Nine Months Ended September 30,
	2010			2009
Cash flows provided by operating activities:
Net (loss) income	$	(32,860	)	$	21,040
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		48,778			50,684
Reversal of legal settlements, net		—			(6,850	)
Provision for doubtful accounts		2,036			8,566
Non-cash compensation		34,677			30,349
Deferred income taxes		(26,094	)		5,739
Non-cash restructuring write-offs, accelerated amortization and loss on disposal of assets		163			4,744
Loss in equity interests, net		2,511			3,473
Gains on auction rate securities		(2,415	)		—
Changes in assets and liabilities, net of acquisitions:
Accounts Receivable		13,279			127,523
Prepaid and other		108			856
Deferred revenue		(2,586	)		(152,688	)
Accounts payable, accrued liabilities and other		23,927			(81,468	)
Total adjustments		94,384			(9,072	)
Net cash provided by operating activities		61,524			11,968
Cash flows used for investing activities:
Capital expenditures		(36,656	)		(38,664	)
Cash funded to equity investee		(4,424	)		(4,953	)
Purchase of marketable securities		—			(7,476	)
Sales and maturities of marketable securities and other		22,995			3,317
Payments for acquisitions and intangible assets, net of cash acquired		(225,000	)		(300	)
Dividends received from unconsolidated investee		220			763
Net cash used for investing activities		(242,865	)		(47,313	)
Cash flows provided by (used for) financing activities:
Proceeds from borrowings on revolving credit facility		90,000			199,203
Payments on borrowings on term loan and revolving credit facility		(5,000	)		(256,196	)
Proceeds from borrowings on term loan		—			50,000
Excess tax benefits from equity compensation plans		—			12
Tax withholdings related to net share settlements of restricted stock awards and units		(9,804	)		(4,304	)
Proceeds from the exercise of employee stock options		66			55
Net cash provided by (used for) financing activities		75,262			(11,230	)
Effects of exchange rates on cash		(2,655	)		11,792
Net decrease in cash and cash equivalents		(108,734	)		(34,783	)
Cash and cash equivalents, beginning of period		275,447			222,260
Cash and cash equivalents, end of period	$	166,713		$	187,477
Free cash flow:
Net cash provided by operating activities	$	61,524		$	11,968
Less: Capital expenditures		(36,656	)		(38,664	)
Free cash flow	$	24,868		$	(26,696	)

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

	September 30, 2010		December 31, 2009
Assets:
Cash and cash equivalents	$	166,713	$	275,447
Marketable securities, current		—		9,259
Accounts receivable, net		282,274		287,698
Marketable securities, non-current		4,094		15,410
Property and equipment, net		143,973		143,727
Goodwill and intangibles, net		1,193,901		969,621
Other assets		119,154		126,028
Total assets	$	1,910,109	$	1,827,190
Liabilities and Stockholders’ equity:
Accounts payable, accrued expenses and other current liabilities	$	213,562	$	196,248
Deferred revenue		312,952		305,898
Current portion of long-term debt and borrowings on revolving credit facility		95,000		5,010
Long-term income taxes payable		95,464		87,343
Long-term debt, less current portion		40,000		45,000
Other long-term liabilities		27,398		54,527
Total liabilities	$	784,376	$	694,026
Stockholders’ equity		1,125,733		1,133,164
Total liabilities and stockholders’ equity	$	1,910,109	$	1,827,190

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

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2010	America			International			Fees			Expenses			Total
Revenue	$	107,229		$	86,683		$	34,930					$	228,842
Operating income (loss)		18,773			(5,882	)		1,880		$	(20,159	)		(5,388	)
OIBDA		29,734			5,170			5,673			(15,950	)		24,627
Operating margin		17.5	%		-6.8	%		5.4	%					-2.4	%
OIBDA margin		27.7	%		6.0	%		16.2	%					10.8	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2009	America			International			Fees			Expenses			Total
Revenue	$	95,204		$	84,737		$	34,592					$	214,533
Operating income (loss)		6,057			(2,181	)		5,091		$	(6,015	)		2,952
OIBDA		16,902			8,154			8,247			(2,851	)		30,452
Operating margin		6.4	%		-2.6	%		14.7	%					1.4	%
OIBDA margin		17.8	%		9.6	%		23.8	%					14.2	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2010	America			International			Fees			Expenses			Total
Revenue	$	301,134		$	259,168		$	98,762					$	659,064
Operating income (loss)		32,455			(23,830	)		3,662		$	(56,429	)		(44,142	)
OIBDA		62,230			7,664			14,493			(45,074	)		39,313
Operating margin		10.8	%		-9.2	%		3.7	%					-6.7	%
OIBDA margin		20.7	%		3.0	%		14.7	%					6.0	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2009	America			International			Fees			Expenses			Total
Revenue	$	316,187		$	277,000		$	98,806					$	691,993
Operating income (loss)		17,804			(4,871	)		13,574		$	(38,688	)		(12,181	)
OIBDA		51,240			27,289			22,550			(27,506	)		73,573
Operating margin		5.6	%		-1.8	%		13.7	%					-1.8	%
OIBDA margin		16.2	%		9.9	%		22.8	%					10.6	%

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

	Three Months Ended September 30, 2010															Three Months Ended September 30, 2009
													Consolidated
	As			Proforma			Consolidated						Non Gaap ex			As			Proforma
	Reported			Adjustments			Non GAAP			Hotjobs			Hotjobs			Reported			Adjustments			Non-GAAP
Revenue	$	228,842		$	1,788	b	$	230,630		$	7,735		$	222,895		$	214,533		$	552	a	$	215,085
Salaries and related		119,297			(546	)f		118,751			1,883			116,868			112,833			(5,907	)f		106,926
Office and general		63,272			(8,605	)h		54,667			745			53,922			59,841			(1,333	)c,g		58,508
Marketing and promotion		51,661			—			51,661			3,287			48,374			45,757			—			45,757
Reversal of legal settlements, net		—			—			—			—			—			(6,850	)		6,850 d			—
Total operating expenses		234,230			(9,151	)		225,079			5,915			219,164			211,581			(390	)		211,191
Operating (loss) income		(5,388	)		10,939			5,551			1,820			3,731			2,952			942			3,894
Operating margin		-2.4	%					2.4	%		23.5	%		1.7	%		1.4	%					1.8	%
Interest and other, net		(1,286	)		(311	)i		(1,597	)		(380	)		(1,217	)		(48	)		—			(48	)
(Loss) Income before income taxes and equity interests		(6,674	)		10,628			3,954			1,440			2,514			2,904			942			3,846
(Benefit from) provision for income taxes		(1,823	)		2,903	j		1,080			393			686			(30,891	)		31,994	j,k		1,103
Losses in equity interests, net		(873	)		—			(873	)		—			(873	)		(1,044	)		—			(1,044	)
Net (loss) income	$	(5,724	)	$	7,725		$	2,001		$	1,047		$	955		$	32,751		$	(31,052	)	$	1,699
Diluted (loss) earnings per share *	$	(0.05	)	$	0.06		$	0.02		$	0.01		$	0.01		$	0.27		$	(0.26	)	$	0.01
Weighted average shares outstanding:
Diluted		120,796			120,796			122,274			122,274			122,274			121,676			121,676			121,676

	Nine Months Ended September 30, 2010															Nine Months Ended September 30, 2009
													Consolidated
	As			Proforma			Consolidated						Non Gaap ex			As			Proforma
	Reported			Adjustments			Non GAAP			Hotjobs			Hotjobs			Reported			Adjustments			Non-GAAP
Revenue	$	659,064		$	1,788	b	$	660,852		$	7,735		$	653,117		$	691,993			2,271	a	$	694,264
Salaries and related		362,713			(7,400)	f		355,313			1,883			353,430			348,702			(5,907	)f		342,795
Office and general		182,326			(18,211	)h		164,115			745			163,370			181,816			(6,598	)c,g		175,218
Marketing and promotion		158,167			—			158,167			3,287			154,880			164,401			—			164,401
Reversal of legal settlements, net		—			—			—			—			—			(6,850	)		6,850	d		—
Restructuring and other special charges		—			—			—			—			—			16,105			(16,105	)e		—
Total operating expenses		703,206			(25,611	)		677,595			5,915			671,680			704,174			(21,760	)		682,414
Operating (loss) income		(44,142	)		27,399			(16,743	)		1,820			(18,563	)		(12,181	)		24,031			11,850
Operating margin		-6.7	%					-2.5	%		23.5	%		-2.8	%		-1.8	%					1.7	%
Interest and other, net		(1,038	)		(2,414	)i		(3,452	)		(380	)		(3,072	)		1,231			—			1,231
(Loss) income before income taxes and equity interests		(45,180	)		24,985			(20,195	)		1,440			(21,635	)		(10,950	)		24,031			13,081
(Benefit from) provision for income taxes		(14,831	)		7,753	j		(7,078	)		393			(7,472	)		(35,463	)		39,502	j,k		4,039
Losses in equity interests, net		(2,511	)		—			(2,511	)		—			(2,511	)		(3,473	)		—			(3,473	)
Net (loss) income	$	(32,860	)	$	17,232		$	(15,628	)	$	1,047		$	(16,674	)	$	21,040		$	(15,471	)	$	5,569
Diluted (loss) earnings per share *	$	(0.27	)	$	0.14		$	(0.13	)	$	0.01		$	(0.14	)	$	0.17		$	(0.13	)	$	0.05
Weighted average shares outstanding:
Diluted		120,509			120,509			120,509			122,227			120,509			120,853			120,853			120,853

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 the acquisition of China HR in Q4 2008.
b	Deferred revenue fair value adjustment required under existing purchase accounting rules relating to the acquisition of HotJobs in Q3 2010.
c	Costs associated with the investigation into the Company’s historical stock option granting practices, net of reimbursements.
d	Costs associated with the legal settlements related to the stock option litigation, net of recoveries.
e	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.
f	Severance charges primarily related to the reorganization of the product & technology groups on a global basis.
g	Charges related to consolidation of certain facilities primarily resulting from the reorganization of the product and technology groups.
h	Acquisition and integration related costs associated with the acquisition of the HotJobs.
i	Net realized gains on available for sale securities.
j	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.
k	Income tax adjustment includes the reversal of income tax reserves for uncertain tax positions.
*	Diluted earnings per share may not add in certain periods due to rounding.

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

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2010	America			International			Fees			Expenses			Total
Revenue — GAAP	$	107,229		$	86,683		$	34,930					$	228,842
Proforma Adjustments		1,788			—			—						1,788
Revenue — Non GAAP	$	109,017		$	86,683		$	34,930					$	230,630
Operating income (loss) — GAAP	$	18,773		$	(5,882	)	$	1,880		$	(20,159	)	$	(5,388	)
Proforma Adjustments		1,971			306			57			8,605			10,939
Operating income (loss) — Non GAAP	$	20,744		$	(5,576	)	$	1,937		$	(11,554	)	$	5,551
Operating margin — GAAP		17.5	%		-6.8	%		5.4	%					-2.4	%
Operating margin — Non GAAP		19.0	%		-6.4	%		5.5	%					2.4	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2009	America			International			Fees			Expenses			Total
Revenue	$	95,204		$	84,737		$	34,592					$	214,533
Proforma Adjustments		—			552			—						552
Revenue — Non GAAP	$	95,204		$	85,289		$	34,592					$	215,085
Operating income (loss) — GAAP	$	6,057		$	(2,181	)	$	5,091		$	(6,015	)	$	2,952
Proforma Adjustments		3,462			2,963			1,415			(6,898	)		942
Operating income — Non GAAP	$	9,519		$	782		$	6,506		$	(12,913	)	$	3,894
Operating margin — GAAP		6.4	%		-2.6	%		14.7	%					1.4	%
Operating margin — Non GAAP		10.0	%		0.9	%		18.8	%					1.8	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2010	America			International			Fees			Expenses			Total
Revenue — GAAP	$	301,134		$	259,168		$	98,762					$	659,064
Proforma Adjustments		1,788			—			—						1,788
Revenue — Non GAAP	$	302,922		$	259,168		$	98,762					$	660,852
Operating income (loss) — GAAP	$	32,455		$	(23,830	)	$	3,662		$	(56,429	)	$	(44,142	)
Proforma Adjustments		5,298			2,996			981			18,124			27,399
Operating income — Non GAAP	$	37,753		$	(20,834	)	$	4,643		$	(38,305	)	$	(16,743	)
Operating margin — GAAP		10.8	%		-9.2	%		3.7	%					-6.7	%
Operating margin — Non GAAP		12.5	%		-8.0	%		4.7	%					-2.5	%

	Careers -						Internet
	North			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2009	America			International			Fees			Expenses			Total
Revenue	$	316,187		$	277,000		$	98,806					$	691,993
Proforma Adjustments		—			2,271			—						2,271
Revenue — Non GAAP	$	316,187		$	279,271		$	98,806					$	694,264
Operating income (loss) — GAAP	$	17,804		$	(4,871	)	$	13,574		$	(38,688	)	$	(12,181	)
Proforma Adjustments		7,220			15,049			2,031			(269	)		24,031
Operating income — Non GAAP	$	25,024		$	10,178		$	15,605		$	(38,957	)	$	11,850
Operating margin — GAAP		5.6	%		-1.8	%		13.7	%					-1.8	%
Operating margin — Non GAAP		7.9	%		3.6	%		15.8	%					1.7	%

EX-99.2

Exhibit 99.2

FINANCIAL SUPPLEMENT

September 30, 2010

Monster Worldwide, Inc. (together with its consolidated subsidiaries, the “Company,” “Monster,” “we,” “our” or “us”) provides this supplement to assist investors in evaluating the Company’s financial and operating metrics. We suggest that the notes to this supplement be 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 generally accepted accounting principles (“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

Acquisition of the HotJobs Assets from Yahoo! Inc.

On August 24, 2010, pursuant to an Asset Purchase Agreement dated as of February 3, 2010 (the “Asset Purchase Agreement”) by and between Monster and Yahoo! Inc. (“Yahoo!”), Monster completed the acquisition of substantially all of the assets exclusive to Yahoo! HotJobs (the “HotJobs Assets”) from Yahoo! The purchase price for the HotJobs Assets was $225.0 million. We acquired the HotJobs Assets, among other objectives, to expand our business in the North American online recruitment market. The results of operations attributable to the HotJobs Assets have been included in our consolidated financial statements since August 24, 2010 and have contributed revenues of $5.9 million and break-even operating income during the three and nine months ended September 30, 2010, exclusive of acquisition and integration-related costs. Concurrent with the closing of the acquisition, Monster and Yahoo! entered into a three year commercial traffic agreement whereby Monster became Yahoo!’s exclusive provider of career and job content on the Yahoo! homepage in the United States and Canada.

The Company funded the purchase of the HotJobs Assets with available cash and proceeds from the Company’s revolving credit facility. In the three and nine months ended September 30, 2010, the Company incurred $8.6 million and $18.2 million, respectively, of acquisition related costs associated with the acquisition of the HotJobs Assets, which were expensed as incurred. These costs primarily relate to legal fees, professional fees and other costs associated with the acquisition. We expect to continue to incur significant acquisition and integration-related costs in 2010 and the first half of 2011 relating to the acquisition of the HotJobs Assets.

Deferred Revenue Related to Acquisitions

During the third quarter of 2010, we completed the acquisition of the HotJobs Assets. In accordance with existing purchase accounting rules, we are required to write-down to fair value a portion of the deferred revenue attributable to the HotJobs Assets. 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 months ended September 30, 2010, the fair value adjustment to deferred revenue was $1.8 million.

During the fourth quarter of 2008, we completed the acquisition of ChinaHR.com Holdings Ltd. (“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 nine months ended September 30, 2009, the fair value adjustment to ChinaHR’s deferred revenue was $0.6 million and $2.3 million, respectively.

Severance Charges

For the three months ended September 30, 2010 and 2009, the Company incurred $0.5 million and $5.9 million, respectively, of severance costs relating to targeted global headcount reductions. For the nine months ended September 30, 2010 and 2009, the Company incurred $7.4 million and $5.9 million, respectively, of severance costs relating to targeted global headcount reductions. These global headcount reductions were introduced to reduce operating expenses and provide funding for investments to further position the Company for sustainable long-term growth in the global online recruitment and advertising industry.

2

Auction Rate Securities

In the nine months ended September 30, 2010, the Company received at par value issuer redemptions of auction rate securities, resulting in a $1.0 million benefit which was recorded in interest and other, net, in the consolidated statement of operations

In November 2009, the Company entered into a settlement agreement with RBC Capital Markets Corporation (“RBC”) with respect to auction rate securities purchased from RBC. Pursuant to the terms of the settlement agreement, RBC immediately repurchased the subject auction rate securities from the Company at a certain discount to their par value. The Company will receive certain additional monies from RBC if, within a certain time period of the date of the execution of the settlement agreement, any of the auction rate securities still held by RBC are redeemed or refinanced by the issuer for sums higher than the amounts RBC paid the Company to repurchase such auction rate securities. As part of the settlement agreement, the Company dismissed a lawsuit it had filed against RBC in connection with, and released claims related to, RBC’s sale of the auction rate securities to the Company. Accordingly, the Company recorded a realized loss of $4.8 million in the fourth quarter of 2009 relating to the settlement with RBC, which was reflected in interest and other, net in the consolidated statement of operations for the fiscal year ended December 31, 2009. In the three months ended September 30, 2010, the Company received $0.3 million from RBC relating to auction rate securities which were redeemed by the issuer or sold by RBC for sums higher than the amounts RBC paid the Company to repurchase such auction rate securities. The Company’s receipt of $0.3 million from RBC resulted in a $0.3 million benefit recorded in interest and other, net, in the consolidated statement of operations for the three months ended September 30, 2010. In the nine months ended September 30, 2010, the Company received $1.4 million from RBC relating to auction rate securities which were redeemed by the issuer or sold by RBC for sums higher than the amounts RBC paid the Company to repurchase such auction rate securities. The Company’s receipt of $1.4 million from RBC resulted in a $1.4 million benefit recorded in interest and other, net, in the consolidated statement of operations for the nine months ended September 30, 2010.

Income Tax Reversal

Due to the expiration of statutes of limitations, in the third quarter of 2009 the Company reversed $31.7 million of accrued tax and related interest and penalties attributable to uncertain tax positions.

Restructuring Actions

On July 30, 2007, we announced a strategic restructuring plan intended to position the Company for sustainable long-term growth in the rapidly evolving global online recruitment and advertising industry.

The restructuring plan was originally designed to reduce the Company’s workforce by approximately 800 associates. Subsequent to the announcement of this plan, the Company made a strategic decision to in-source customer service and identified 100 associates who will be staying with the Company. Through June 30, 2009, when all the initiatives relating to the 2007 restructuring plan were complete, the Company had notified or terminated approximately 700 associates and approximately 140 associates had voluntarily left the Company. 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. Since the inception of the 2007 restructuring program through the completion of the program in the second quarter of 2009, the Company has incurred $49.1 million of restructuring expenses. The Company will not incur any new charges relating to this program.

For the nine months ended September 30, 2009, we recorded $16.1 million of restructuring costs, primarily related to severance, fixed asset write-offs and office consolidations.

3

Reversal of Legal Settlements, net

In the third quarter of 2009, the Company reversed a previously recorded accrual of $6.9 million relating to settlement of all actions seeking recoveries from the Company as an outgrowth of the Company’s historical stock option grant practices.

Facility Charges

In the third quarter of 2009, the Company incurred $1.8 million for costs relating to exited facilities. These charges primarily related to certain organizational changes within the Company’s product and technology group designed to enable the Company to shift or add talent and skills to support the Company’s innovation strategy. The organizational changes included plans for a new Technology Center of Excellence and Innovation located in Cambridge, Massachusetts.

Professional Fees

For the three months and nine months ended September 30, 2009, we recorded a net benefit of $0.5 million and a charge of $4.8 million, respectively, of professional fees relating to our historical stock option granting practices. These costs primarily related 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 do not expect to continue to incur significant professional fees or legal fees paid on behalf of former employees and former members of senior management related to or in connection with matters relating to our historical stock option grant practices.

Reclassifications

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

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, 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.

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: net 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; severance and facility charges primarily related to the product and technology global reorganization; the fair value adjustment to deferred revenue in connection with the acquisition of ChinaHR and the HotJobs Assets; realized and unrealized gains and losses on marketable securities; transaction costs related to the acquisition of the HotJobs Assets; and a net non-cash benefit relating to the reversal of an income tax liability for uncertain tax positions. 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.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is defined as net income or loss before interest income or expense, income tax expense or benefit, net gain or loss in equity interests, depreciation and amortization and non-cash compensation expense. The Company considers EBITDA to be an important indicator of its operational strength which the Company believes is useful to management and investors in evaluating its operating performance. EBITDA is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies.

4

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.

Bookings represent the dollar value of contractual orders received in a quarter.

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 important measures of liquidity and indicators 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

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

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	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010			9M 2009			9M 2010
Monster Careers	$	297,606		$	257,931		$	222,849		$	190,397		$	179,941		$	179,409		$	182,582		$	183,808		$	193,912		$	593,187		$	560,302
Internet Advertising & Fees		34,583			32,741			31,554			32,660			34,592			33,740			32,723			31,109			34,930			98,806			98,762
Revenue		332,189			290,672			254,403			223,057			214,533			213,149			215,305			214,917			228,842			691,993			659,064
Salary and related		128,904			123,211			112,037			103,564			102,752			105,475			118,183			104,089			105,764			318,353			328,036
Office and general		57,124			44,091			45,793			42,917			42,422			31,623			45,544			41,214			46,790			131,132			133,548
Marketing and promotion		57,684			52,684			73,691			44,953			45,757			45,260			59,581			46,925			51,661			164,401			158,167
Reversal of legal settlements, net		—			—			—			—			(6,850	)		—			—			—			—			(6,850	)		—
Restructuring and other special charges		3,592			3,156			11,008			5,097			—			—			—			—			—			16,105			—
Depreciation expense		13,336			14,761			13,769			14,479			15,230			15,639			14,521			13,782			13,975			43,478			42,278
Amortization of restricted stock and RSU Plan		7,437			7,046			10,149			9,816			9,924			9,417			10,124			10,744			13,398			29,889			34,266
Non-cash stock option expense		165			178			199			104			157			155			143			133			135			460			411
Amortization of intangibles		1,374			2,756			2,551			2,466			2,189			2,210			2,083			1,910			2,507			7,206			6,500
Operating expenses		269,616			247,883			269,197			223,396			211,581			209,779			250,179			218,797			234,230			704,174			703,206
Operating income (loss)		62,573			42,789			(14,794	)		(339	)		2,952			3,370			(34,874	)		(3,880	)		(5,388	)		(12,181	)		(44,142	)
Interest and other, net		5,283			1,560			1,203			76			(48	)		(7,059	)		(653	)		901			(1,286	)		1,231			(1,038	)
Income (loss) from cont. operations, pre-tax		67,856			44,349			(13,591	)		(263	)		2,904			(3,689	)		(35,527	)		(2,979	)		(6,674	)		(10,950	)		(45,180	)
Provison for (benefit from) Income taxes		22,734			14,880			(4,489	)		(83	)		(30,891	)		(2,420	)		(12,179	)		(829	)		(1,823	)		(35,463	)		(14,831	)
Losses in equity interests, net		(2,086	)		(339	)		(1,239	)		(1,190	)		(1,044	)		(844	)		(831	)		(807	)		(873	)		(3,473	)		(2,511	)
Income (loss) from continuing operations		43,036			29,130			(10,341	)		(1,370	)		32,751			(2,113	)		(24,179	)		(2,957	)		(5,724	)		21,040			(32,860	)
Loss from disc. operations, net of tax		(258	)		(536	)		—			—			—			—			—			—			—			—			—
Net income (loss)	$	42,778		$	28,594		$	(10,341	)	$	(1,370	)	$	32,751		$	(2,113	)	$	(24,179	)	$	(2,957	)	$	(5,724	)	$	21,040		$	(32,860	)
Basic earnings (loss) per share:
Income (loss) from continuing operations	$	0.36		$	0.25		$	(0.09	)	$	(0.01	)	$	0.27		$	(0.02	)	$	(0.20	)	$	(0.02	)	$	(0.05	)	$	0.18		$	(0.27	)
Net income (loss)	$	0.36		$	0.24		$	(0.09	)	$	(0.01	)	$	0.27		$	(0.02	)	$	(0.20	)	$	(0.02	)	$	(0.05	)	$	0.18		$	(0.27	)
Diluted earnings (loss) per share:
Income (loss) from continuing operations	$	0.36		$	0.24		$	(0.09	)	$	(0.01	)	$	0.27		$	(0.02	)	$	(0.20	)	$	(0.02	)	$	(0.05	)	$	0.17		$	(0.27	)
Net income (loss)	$	0.35		$	0.24		$	(0.09	)	$	(0.01	)	$	0.27		$	(0.02	)	$	(0.20	)	$	(0.02	)	$	(0.05	)	$	0.17		$	(0.27	)
Weighted avg. shares outstanding:
Basic shares		120,057			118,601			118,855			119,274			119,473			119,575			120,032			120,701			120,796			119,206			120,509
Diluted shares		120,722			119,380			118,855			119,274			121,676			119,575			120,032			120,701			120,796			120,853			120,509
Global employees (ones)		5,669			6,961			6,295			5,999			5,779			5,687			5,518			5,546			5,792			5,779			5,792
Annualized revenue per average employee	$	240.2		$	184.1		$	153.5		$	145.1		$	145.7		$	148.7		$	153.7		$	155.4		$	161.5		$	148.3		$	156.9
Net Bookings		279,989			289,650			186,899			175,468			185,920			258,620			219,054			208,202			235,025			548,287			662,281

6

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

Summary P&L Information	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010
Monster Careers	$	1,272,246		$	1,213,300		$	1,099,339		$	968,783		$	851,118		$	772,596		$	732,329		$	725,740		$	739,711
Internet Advertising & Fees		128,556			130,327			132,219			131,538			131,547			132,546			133,715			132,164			132,502
Revenue		1,400,802			1,343,627			1,231,558			1,100,321			982,665			905,142			866,044			857,904			872,213
Salary and related		519,031			514,576			491,498			467,716			441,564			423,828			429,974			430,499			433,511
Office and general		237,296			224,679			208,762			189,925			175,223			162,755			162,506			160,803			165,171
Marketing and promotion		315,332			291,198			253,035			229,012			217,085			209,661			195,551			197,523			203,427
Provision for (Reversal of) legal settlements, net		40,100			40,100			40,100			—			(6,850	)		(6,850	)		(6,850	)		(6,850	)		—
Restructuring and other special charges		18,693			16,407			20,488			22,853			19,261			16,105			5,097			—			—
Depreciation expense		47,058			51,230			54,196			56,345			58,239			59,117			59,869			59,172			57,917
Amortization of restricted stock and RSU Plan		24,617			28,040			32,983			34,448			36,935			39,306			39,281			40,209			43,683
Non-cash stock option expense		579			652			724			646			638			615			559			588			566
Amortization of intangibles		5,491			6,790			7,955			9,147			9,962			9,416			8,948			8,392			8,710
Operating expenses		1,208,197			1,173,672			1,109,741			1,010,092			952,057			913,953			894,935			890,336			912,985
Operating income (loss)		192,605			169,955			121,817			90,229			30,608			(8,811	)		(28,891	)		(32,432	)		(40,772	)
Interest and other, net		22,522			17,283			11,103			8,122			2,791			(5,828	)		(7,684	)		(6,859	)		(8,097	)
Income (loss) from continuing operations, pre-tax		215,127			187,238			132,920			98,351			33,399			(14,639	)		(36,575	)		(39,291	)		(48,869	)
Provison for (benefit from) Income taxes		75,340			64,910			45,278			33,042			(20,583	)		(37,883	)		(45,573	)		(46,319	)		(17,251	)
Losses in equity interests, net		(8,338	)		(7,839	)		(7,256	)		(4,854	)		(3,812	)		(4,317	)		(3,909	)		(3,526	)		(3,355	)
Income (loss) from continuing operations		131,449			114,489			80,386			60,455			50,170			18,927			5,089			3,502			(34,973	)
Income (loss) from disc. operations, net of tax		9,750			10,304			11,475			(794	)		(536	)		—			—			—			—
Net income (loss)	$	141,199		$	124,793		$	91,861		$	59,661		$	49,634		$	18,927		$	5,089		$	3,502		$	(34,973	)
Basic earnings (loss) per share:
Income (loss) from continuing operations	$	1.07		$	0.95		$	0.67		$	0.51		$	0.42		$	0.16		$	0.04		$	0.03		$	(0.29	)
Net income (loss)	$	1.15		$	1.04		$	0.77		$	0.50		$	0.42		$	0.16		$	0.04		$	0.03		$	(0.29	)
Diluted earnings (loss) per share:
Income (loss) from continuing operations	$	1.07		$	0.94		$	0.67		$	0.51		$	0.42		$	0.16		$	0.04		$	0.03		$	(0.29	)
Net income (loss)	$	1.15		$	1.03		$	0.76		$	0.50		$	0.41		$	0.16		$	0.04		$	0.03		$	(0.29	)
Weighted avg. shares outstanding:
Basic shares		122,289			120,557			119,600			119,197			119,051			119,294			119,588			119,945			120,276
Diluted shares		123,075			121,167			120,125			119,558			119,796			119,845			120,139			120,496			120,276

7

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

	Trended Quarterly Data																											Year to Date Data
	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010			9M 2009			9M 2010
Cash flows provided by (used for) operating activities:
Net income (loss)	$	42,778		$	28,594		$	(10,341	)	$	(1,370	)	$	32,751		$	(2,113	)	$	(24,179	)	$	(2,957	)	$	(5,724	)	$	21,040		$	(32,860	)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Loss from discontinued operations, net of tax		258			536			—			—			—			—			—			—			—			—			—
Depreciation and amortization		14,710			17,517			16,320			16,945			17,419			17,849			16,604			15,692			16,482			50,684			48,778
Reversal of legal settlements, net		—			—			—			—			(6,850	)		—			—			—			—			(6,850	)		—
Receipts and (payments) for legal settlements, net		5,700			(35,587	)		—			—			—			—			—			—			—			—			—
Provision for doubtful accounts		4,403			5,057			4,072			2,812			1,682			1,588			1,149			398			489			8,566			2,036
Non-cash compensation		7,602			7,223			10,348			9,920			10,081			9,572			10,267			10,877			13,533			30,349			34,677
Deferred income taxes		12,440			14,572			(2,488	)		(3,933	)		12,160			(4,550	)		(14,713	)		(2,872	)		(8,509	)		5,739			(26,094	)
Non-cash restructuring write-offs, accelerated amortization, and other		924			924			3,690			1,051			3			35			—			144			19			4,744			163
Loss in equity interests		2,086			339			1,239			1,190			1,044			844			831			807			873			3,473			2,511
Losses (gains) on auction rate securities		—			—			—			—			—			4,181			(200	)		(1,904	)		(311	)		—			(2,415	)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable		49,231			(19,371	)		72,347			47,892			7,284			(47,061	)		17,631			16,930			(21,282	)		127,523			13,279
Prepaid and other		2,522			1,548			3,246			13,615			(16,005	)		(3,525	)		1,589			(2,201	)		720			856			108
Deferred revenue		(58,644	)		(5,732	)		(63,383	)		(61,153	)		(28,152	)		41,054			4,668			(19,725	)		12,471			(152,688	)		(2,586	)
Accounts payable, accrued liabilities and other		8,673			(27,790	)		(21,237	)		(40,657	)		(19,574	)		14,883			22,569			(8,491	)		9,849			(81,468	)		23,927
Net cash (used for) provided by operating activities of discontinued operations		(962	)		(2,758	)		(77	)		77			—			—			—			—			—			—			—
Total adjustments		48,943			(43,522	)		24,077			(12,241	)		(20,908	)		34,870			60,395			9,655			24,334			(9,072	)		94,384
Net cash provided by (used for) operating activities		91,721			(14,928	)		13,736			(13,611	)		11,843			32,757			36,216			6,698			18,610			11,968			61,524
Cash flows (used for) provided by investing activities:
Capital expenditures		(21,011	)		(22,403	)		(14,922	)		(11,457	)		(12,285	)		(10,013	)		(8,536	)		(11,939	)		(16,181	)		(38,664	)		(36,656	)
Purchase of marketable securities		(25,265	)		(1,785	)		(992	)		(6,484	)		—			(1,109	)		—			—			—			(7,476	)		—
Sale and maturities of marketable securities and other		66,000			36,981			1,425			1,892			—			67,660			3,414			11,120			8,461			3,317			22,995
Payments for acquisitions and intangible assets, net of cash acquired		(64,628	)		(166,641	)		—			—			(300	)		—			—			—			(225,000	)		(300	)		(225,000	)
Dividends received from unconsolidated investee		—			—			—			763			—			—			220			—			—			763			220
Cash funded to equity investee		—			(1,402	)		(1,428	)		(1,886	)		(1,639	)		(1,346	)		(1,345	)		(1,555	)		(1,524	)		(4,953	)		(4,424	)
Net cash (used for) provided by investing activities		(44,904	)		(155,250	)		(15,917	)		(17,172	)		(14,224	)		55,192			(6,247	)		(2,374	)		(234,244	)		(47,313	)		(242,865	)
Cash flows provided by (used for) financing activities:
Proceeds from borrowings on revolving credit facility		247,000			4,971			199,203			—			—			—			—			—			90,000			199,203			90,000
Payments on borrowings on term loan and revolving credit facility		—			(197,893	)		—			(157,173	)		(99,023	)		—			—			—			(5,000	)		(256,196	)		(5,000	)
Repurchase of common stock and tax withholdings on net share settlement of restricted stock awards and units		(41,806	)		(32	)		(1,907	)		(528	)		(1,869	)		(267	)		(6,359	)		(2,856	)		(589	)		(4,304	)		(9,804	)
Net borrowings (payments) under capital lease obligations and other debt		(9	)		(15	)		(5	)		(1	)		50,006			—			—			—			—			50,000			—
Proceeds from the exercise of employee stock options		110			305			9			—			46			12			27			39			—			55			66
Excess tax benefits from equity compensation plans		861			22			4			—			8			67			—			—			—			12			—
Net cash provided by (used for) financing activities		206,156			(192,642	)		197,304			(157,702	)		(50,832	)		(188	)		(6,332	)		(2,817	)		84,411			(11,230	)		75,262
Effects of exchange rates on cash		(13,303	)		(20,044	)		(6,327	)		13,681			4,438			209			(7,932	)		(3,930	)		9,207			11,792			(2,655	)
Net increase (decrease) in cash and cash equivalents		239,670			(382,864	)		188,796			(174,804	)		(48,775	)		87,970			15,705			(2,423	)		(122,016	)		(34,783	)		(108,734	)
Cash and cash equivalents, beginning of period		365,454			605,124			222,260			411,056			236,252			187,477			275,447			291,152			288,729			222,260			275,447
Cash and cash equivalents, end of period	$	605,124		$	222,260		$	411,056		$	236,252		$	187,477		$	275,447		$	291,152		$	288,729		$	166,713		$	187,477		$	166,713
Non — GAAP Free cash flow (1):
Net cash provided by (used for) operating activities	$	91,721		$	(14,928	)	$	13,736		$	(13,611	)	$	11,843		$	32,757		$	36,216		$	6,698		$	18,610		$	11,968		$	61,524
Less: Capital expenditures		(21,011	)		(22,403	)		(14,922	)		(11,457	)		(12,285	)		(10,013	)		(8,536	)		(11,939	)		(16,181	)		(38,664	)		(36,656	)
Free cash flow	$	70,710		$	(37,331	)	$	(1,186	)	$	(25,068	)	$	(442	)	$	22,744		$	27,680		$	(5,241	)	$	2,429		$	(26,696	)	$	24,868

⁽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
	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010
ASSETS
Current assets:
Cash and cash equivalents	$	605,124		$	222,260		$	411,056		$	236,252		$	187,477		$	275,447		$	291,152		$	288,729		$	166,713
Marketable securities, current		33,823			1,425			992			14,533			20,482			9,259			8,150			8,300			—
Accounts Receivable, net		358,214			376,720			294,449			249,004			243,033			287,698			263,589			242,199			282,274
Prepaid and other		111,754			82,416			82,710			73,866			87,058			73,089			70,229			68,487			66,301
Total current assets		1,108,915			682,821			789,207			573,655			538,050			645,493			633,120			607,715			515,288
Marketable securities, non-current		93,728			90,347			89,196			81,272			75,953			15,410			13,110			4,094			4,094
Property and equipment, net		152,352			161,282			154,559			153,942			150,963			143,727			136,487			136,821			143,973
Goodwill		707,164			894,546			886,970			897,561			930,231			925,758			917,187			892,008			1,123,834
Intangibles, net		36,694			52,335			49,533			47,420			45,893			43,863			41,173			39,029			70,067
Investment in unconsolidated affiliates		42,360			1,843			1,315			517			525			546			330			640			745
Other assets		61,761			33,416			33,314			35,100			32,617			52,393			50,884			52,411			52,108
Total assets	$	2,202,974		$	1,916,590		$	2,004,094		$	1,789,467		$	1,774,232		$	1,827,190		$	1,792,291		$	1,732,718		$	1,910,109
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, accrued expenses and other	$	328,546		$	254,407		$	225,630		$	192,266		$	204,402		$	196,248		$	217,671		$	203,227		$	213,562
Deferred revenue		411,764			414,312			344,905			289,818			265,573			305,898			304,993			279,809			312,952
Borrowings on revolving credit facility		247,000			54,971			254,174			97,000			—			—			—			—			90,000
Current portion of long-term debt		26			18			27			23			5,017			5,010			5,003			5,000			5,000
Total current liabilities		987,336			723,708			824,736			579,107			474,992			507,156			527,667			488,036			621,514
Non-current income taxes payable		115,318			119,951			123,385			125,991			82,963			87,343			89,101			90,813			95,464
Long-term debt, less current portion		—			—			—			—			45,000			45,000			45,000			45,000			40,000
Other liabilities		23,699			25,658			29,838			30,971			36,394			54,527			38,288			38,325			27,398
Total liabilities		1,126,353			869,317			977,959			736,069			639,349			694,026			700,056			662,174			784,376
Common stock and class B common stock		134			133			134			134			134			134			135			135			136
Additional paid-in capital		1,363,655			1,367,373			1,374,049			1,382,649			1,388,609			1,395,969			1,394,915			1,404,043			1,416,547
Accumulated other comprehensive income		87,460			25,801			8,327			28,360			71,133			64,167			48,470			20,608			69,016
Accumulated deficit		(374,628	)		(346,034	)		(356,375	)		(357,745	)		(324,993	)		(327,106	)		(351,285	)		(354,242	)		(359,966	)
Total stockholders’ equity		1,076,621			1,047,273			1,026,135			1,053,398			1,134,883			1,133,164			1,092,235			1,070,544			1,125,733
Total liabilities and stockholders’ equity	$	2,202,974		$	1,916,590		$	2,004,094		$	1,789,467		$	1,774,232		$	1,827,190		$	1,792,291		$	1,732,718		$	1,910,109
Selected Financial Ratios(1)
- Annualized return on equity		15.6	%		10.8	%		-4.0	%		-0.5	%		12.0	%		-0.7	%		-8.7	%		-1.1	%		-2.1	%
- Book value per share	$	9.08		$	8.83		$	8.61		$	8.83		$	9.49		$	9.47		$	9.05		$	8.87		$	9.32
- Cash and marketable securities per share	$	6.18		$	2.65		$	4.20		$	2.78		$	2.37		$	2.51		$	2.59		$	2.49		$	1.41
- Net cash and securities	$	485,632		$	259,033		$	247,038		$	235,034		$	233,895		$	250,106		$	262,409		$	251,123		$	35,807

⁽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
	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010			9M 2009			9M 2010
Segment OIBDA(1):
Careers — North America	$	52,516		$	44,138		$	12,272		$	22,066		$	16,902		$	12,988		$	5,671		$	26,825		$	29,734		$	51,240		$	62,230
Careers — International		39,060			23,833			10,749			8,386			8,154			9,024			(3,089	)		5,583			5,170			27,289			7,664
Careers OIBDA (1)		91,576			67,971			23,021			30,452			25,056			22,012			2,582			32,408			34,904			78,529			69,894
Internet Advertising & Fees OIBDA(1)		7,425			6,293			6,364			7,939			8,247			7,573			4,764			4,056			5,673			22,550			14,493
Total Monster OIBDA(1)	$	99,001		$	74,264		$	29,385		$	38,391		$	33,303		$	29,585		$	7,346		$	36,464		$	40,577		$	101,079		$	84,387
Corporate expenses before D&A(1)	$	(13,192	)	$	(5,810	)	$	(13,843	)	$	(10,812	)	$	(2,851	)	$	1,206		$	(15,349	)	$	(13,775	)	$	(15,950	)	$	(27,506	)	$	(45,074	)
Proforma operating income(1):
Careers — North America	$	43,771		$	34,314		$	3,100		$	12,405		$	9,519		$	4,226		$	(491	)	$	17,500		$	20,744		$	25,024		$	37,753
Careers — International		32,467			17,711			7,413			1,983			782			297			(11,269	)		(3,989	)		(5,576	)		10,178			(20,834	)
Careers Proforma operating income(1)		76,238			52,025			10,513			14,388			10,301			4,523			(11,760	)		13,511			15,168			35,202			16,919
Internet Advertising & Fees ProForma operating income(1)		4,977			3,745			4,003			5,096			6,506			4,993			2,145			561			1,937			15,605			4,643
Total Monster Proforma income(1)	$	81,215		$	55,770		$	14,516		$	19,484		$	16,807		$	9,516		$	(9,615	)	$	14,072		$	17,105		$	50,807		$	21,562
Corporate Proforma expenses(1)	$	(11,175	)	$	(14,294	)	$	(14,288	)	$	(11,756	)	$	(12,913	)	$	(9,567	)	$	(14,528	)	$	(12,223	)	$	(11,554	)	$	(38,957	)	$	(38,305	)
Segment operating income (loss)(1):
Careers — North America	$	43,120		$	34,025		$	828		$	10,919		$	6,057		$	1,866		$	(3,772	)	$	17,454		$	18,773		$	17,804		$	32,455
Careers — International		30,230			12,938			(671	)		(2,019	)		(2,181	)		(1,412	)		(13,412	)		(4,536	)		(5,882	)		(4,871	)		(23,830	)
Careers operating income (loss)		73,350			46,963			157			8,900			3,876			454			(17,184	)		12,918			12,891			12,933			8,625
Internet Advertising & Fees operating income		4,726			3,715			3,557			4,926			5,091			4,540			1,236			546			1,880			13,574			3,662
Total Monster operating income (loss)	$	78,076		$	50,678		$	3,714		$	13,826		$	8,967		$	4,994		$	(15,948	)	$	13,464		$	14,771		$	26,507		$	12,287
Corporate expenses	$	(15,503	)	$	(7,889	)	$	(18,508	)	$	(14,165	)	$	(6,015	)	$	(1,624	)	$	(18,926	)	$	(17,344	)	$	(20,159	)	$	(38,688	)	$	(56,429	)
Margin Analysis:
Careers — North America OIBDA margin		33.8	%		32.7	%		10.3	%		21.7	%		17.8	%		14.3	%		5.8	%		27.7	%		27.7	%		16.2	%		20.7	%
Careers — North America Proforma operating margin		28.2	%		25.4	%		2.6	%		12.2	%		10.0	%		4.6	%		-0.5	%		18.1	%		19.0	%		7.9	%		12.5	%
Careers — North America operating margin		27.8	%		25.2	%		0.7	%		10.7	%		6.4	%		2.1	%		-3.9	%		18.0	%		17.5	%		5.6	%		10.8	%
Careers — International OIBDA margin		27.4	%		19.4	%		10.4	%		9.5	%		9.6	%		10.2	%		-3.6	%		6.4	%		6.0	%		9.9	%		3.0	%
Careers — International Proforma operating margin		22.8	%		14.2	%		7.1	%		2.2	%		0.9	%		0.3	%		-13.2	%		-4.6	%		-6.4	%		3.6	%		-8.0	%
Careers — International operating margin		21.2	%		10.5	%		-0.6	%		-2.3	%		-2.6	%		-1.6	%		-15.7	%		-5.2	%		-6.8	%		-1.8	%		-9.2	%
Careers OIBDA margin		30.8	%		26.4	%		10.3	%		16.0	%		13.9	%		12.3	%		1.4	%		17.6	%		18.0	%		13.2	%		12.5	%
Careers Proforma operating margin		25.6	%		20.0	%		4.7	%		7.5	%		5.7	%		2.5	%		-6.4	%		7.4	%		7.8	%		5.9	%		3.0	%
Careers operating margin		24.6	%		18.2	%		0.1	%		4.7	%		2.2	%		0.3	%		-9.4	%		7.0	%		6.6	%		2.2	%		1.5	%
Internet Advertising & Fees OIBDA margin		21.5	%		19.2	%		20.2	%		24.3	%		23.8	%		22.4	%		14.6	%		13.0	%		16.2	%		22.8	%		14.7	%
Internet Advertising & Fees Proforma operating margin		14.4	%		11.4	%		12.7	%		15.6	%		18.8	%		14.8	%		6.6	%		1.8	%		5.5	%		15.8	%		4.7	%
Internet Advertising & Fees operating margin		13.7	%		11.3	%		11.3	%		15.1	%		14.7	%		13.5	%		3.8	%		1.8	%		5.4	%		13.7	%		3.7	%

⁽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	Q3 2008			Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010			9M 2009			9M 2010
Monster Careers		89.6	%		88.7	%		87.6	%		85.4	%		83.9	%		84.2	%		84.8	%		85.5	%		84.7	%		85.7	%		85.0	%
Internet Advertising & Fees		10.4	%		11.3	%		12.4	%		14.6	%		16.1	%		15.8	%		15.2	%		14.5	%		15.3	%		14.3	%		15.0	%
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		38.8	%		42.4	%		44.0	%		46.4	%		47.9	%		49.5	%		54.9	%		48.4	%		46.2	%		46.0	%		49.8	%
Office and general		17.2	%		15.2	%		18.0	%		19.2	%		19.8	%		14.8	%		21.2	%		19.2	%		20.4	%		18.9	%		20.3	%
Marketing and promotion		17.4	%		18.1	%		29.0	%		20.2	%		21.3	%		21.2	%		27.7	%		21.8	%		22.6	%		23.8	%		24.0	%
Reversal of legal settlements, net		0.0	%		0.0	%		0.0	%		0.0	%		-3.2	%		0.0	%		0.0	%		0.0	%		0.0	%		-1.0	%		0.0	%
Restructuring and other special charges		1.1	%		1.1	%		4.3	%		2.3	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		2.3	%		0.0	%
Depreciation expense		4.0	%		5.1	%		5.4	%		6.5	%		7.1	%		7.3	%		6.7	%		6.4	%		6.1	%		6.3	%		6.4	%
Amortization of restricted stock and RSU Plan		2.2	%		2.4	%		4.0	%		4.4	%		4.6	%		4.4	%		4.7	%		5.0	%		5.9	%		4.3	%		5.2	%
Non-cash stock option expense		0.0	%		0.1	%		0.1	%		0.0	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%
Amortization of intangibles		0.4	%		0.9	%		1.0	%		1.1	%		1.0	%		1.0	%		1.0	%		0.9	%		1.1	%		1.0	%		1.0	%
Operating expenses		81.2	%		85.3	%		105.8	%		100.2	%		98.6	%		98.4	%		116.2	%		101.8	%		102.4	%		101.8	%		106.7	%
Operating income (loss)		18.8	%		14.7	%		-5.8	%		-0.2	%		1.4	%		1.6	%		-16.2	%		-1.8	%		-2.4	%		-1.8	%		-6.7	%
Interest and other, net		1.6	%		0.5	%		0.5	%		0.0	%		0.0	%		-3.3	%		-0.3	%		0.4	%		-0.6	%		0.2	%		-0.2	%
Income (loss) from continuing operations, pre-tax		20.4	%		15.3	%		-5.3	%		-0.1	%		1.4	%		-1.7	%		-16.5	%		-1.4	%		-2.9	%		-1.6	%		-6.9	%
Income taxes (benefit from)		6.8	%		5.1	%		-1.8	%		0.0	%		-14.4	%		-1.1	%		-5.7	%		-0.4	%		-0.8	%		-5.1	%		-2.3	%
Losses in equity interests, net		-0.6	%		-0.1	%		-0.5	%		-0.5	%		-0.5	%		-0.4	%		-0.4	%		-0.4	%		-0.4	%		-0.5	%		-0.4	%
Income (loss) from continuing operations		13.0	%		10.0	%		-4.1	%		-0.6	%		15.3	%		-1.0	%		-11.2	%		-1.4	%		-2.5	%		3.0	%		-5.0	%
Loss from disc. operations, net of tax		-0.1	%		-0.2	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Net income (loss)		12.9	%		9.8	%		-4.1	%		-0.6	%		15.3	%		-1.0	%		-11.2	%		-1.4	%		-2.5	%		3.0	%		-5.0	%

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	Q3 2008		Q4 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			Q1 2010			Q2 2010			Q3 2010			9M 2009			9M 2010
Proforma revenue(1)	$	332,189	$	292,885		$	255,397		$	223,782		$	215,085		$	213,149		$	215,305		$	214,917		$	230,630		$	694,264		$	660,852
Deferred revenue related to acquisitions		—		2,213			994			725			552			—			—			—			1,788			2,271			1,788
Revenue	$	332,189	$	290,672		$	254,403		$	223,057		$	214,533		$	213,149		$	215,305		$	214,917		$	228,842		$	691,993		$	659,064
OIBDA(1)	$	85,809	$	68,454		$	15,542		$	27,579		$	30,452		$	30,791		$	(8,003	)	$	22,689		$	24,627		$	73,573		$	39,313
Depreciation expense		13,336		14,761			13,769			14,479			15,230			15,639			14,521			13,782			13,975			43,478			42,278
Amortization of restricted stock and RSU Plan		7,437		7,046			10,149			9,816			9,924			9,417			10,124			10,744			13,398			29,889			34,266
Non-cash stock option expense		165		178			199			104			157			155			143			133			135			460			411
Restructuring non-cash compensation expense		—		—			—			—			—			—			—			—			—			—			—
Restructuring non-cash write-offs		924		924			3,668			1,053			—			—			—			—			—			4,721			—
Amortization of intangibles		1,374		2,756			2,551			2,466			2,189			2,210			2,083			1,910			2,507			7,206			6,500
Operating income (loss)	$	62,573	$	42,789		$	(14,794	)	$	(339	)	$	2,952		$	3,370		$	(34,874	)	$	(3,880	)	$	(5,388	)	$	(12,181	)	$	(44,142	)
Proforma operating income (loss)(1)	$	70,040	$	41,476		$	228		$	7,728		$	3,894		$	(51	)	$	(24,143	)	$	1,849		$	5,551		$	11,850		$	(16,743	)
Reversal of legal settlements, net		—		—			—			—			(6,850	)		—			—			—			—			(6,850	)		—
Stock option investigation		3,875		(6,682	)		3,020			2,245			(474	)		(8,037	)		—			—			—			4,791			—
Non-Gaap severance		—		—			—			—			5,907			2,866			6,360			494			546			5,907			7,400
Non-Gaap facilities		—		—			—			—			1,807			1,750			—			—			—			1,807			—
Non-Gaap Integration fees		—		—			—			—			—			—			4,371			5,235			8,605			—			18,211
Deferred revenue related to acquisitions		—		2,213			994			725			552			—			—			—			1,788			2,271			1,788
Restructuring program non-cash write-offs		924		924			3,668			1,053			—			—			—			—			—			4,721			—
Restructuring expenses, less non-cash items		2,668		2,232			7,340			4,044			—			—			—			—			—			11,384			—
Operating income (loss)	$	62,573	$	42,789		$	(14,794	)	$	(339	)	$	2,952		$	3,370		$	(34,874	)	$	(3,880	)	$	(5,388	)	$	(12,181	)	$	(44,142	)

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

12