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 27, 2011

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 27, 2011, Monster Worldwide, Inc. (the “Company”) announced its results of operations for the quarter and nine months ended September 30, 2011. A copy of the Company’s press release announcing its results of operations for the quarter and nine months ended September 30, 2011 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 27, 2011 Reporting the Company’s Results for the Quarter and Nine Months Ended September 30, 2011.
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/ James M. Langrock
	Name:	James M. Langrock
	Title:	Executive Vice President and Chief Financial Officer

Date: October 27, 2011

EXHIBIT INDEX

Exhibit
Number		Description
	99.1	Press Release of the Company Issued on October 27, 2011 Reporting the Company’s Results for the Quarter and Nine Months Ended September 30, 2011.
	99.2	Supplemental Financial Information.

EX-99.1

Exhibit 99.1

Monster Worldwide Reports Third Quarter 2011 Results

Bookings of $264 Million Increased 20% Year Over Year; Global Careers Bookings Increased 22% Year Over Year

GAAP EPS of $0.26, Including a $0.13 Non Recurring Net Benefit, Compares to a Loss of $0.05 per Share in Q3 2010

Non-GAAP EPS of $0.13 Compares to Q3 2010 Non-GAAP EPS of $0.02;
Non-GAAP Operating Margin Increased to 10% Compared with 2% in Q3 2010

Company Updates Full Year 2011 Guidance

Board Authorizes Share Repurchase Program of Up To $250 Million

New York, October 27, 2011— Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for the third quarter and nine months ended September 30, 2011.

Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “Our Global Careers bookings increased 22% on a year over year basis and we also improved profitability with an operating margin of 10% during the quarter. While our fourth quarter outlook reflects significantly greater uncertainty in the global economy, we are well positioned to grow global market share and expand our customer base worldwide as we leverage our global scale, broad product portfolio, and large seeker audience.”

“We are pleased to announce a share repurchase authorization, which reflects our confidence in our long-term growth prospects and operating strategy. In addition to providing a return of capital to our shareholders, we believe our stock represents an excellent investment at today’s prices. The program is facilitated by our strong balance sheet and demonstrates our commitment to increasing shareholder value,” added Mr. Iannuzzi.

Third Quarter Results

Bookings of $264 million increased 20% year over year. This compares to $221 million in the third quarter 2010 when excluding $14 million of bookings related to the arbitrage lead generation business, a portion of the Internet Advertising & Fees (IAF) business that the Company decided to no longer engage in as of July 1, 2011, as discussed below. Global Careers bookings increased 22% compared to the third quarter 2010. On a year over year basis, currency translation had an $8 million positive impact on bookings in the third quarter 2011. Historical data on bookings for prior quarters is available in the Company’s supplemental financial information.

Revenue was $259 million. This compares to third quarter 2010 GAAP revenue of $229 million, which included $14 million of revenue from the arbitrage lead generation business. Excluding this portion of the IAF business from third quarter 2010 results, revenue increased 20% from $217 million on a non-GAAP basis. On a year over year basis, currency translation had a $10 million positive impact on revenue in the third quarter 2011.

Global Careers revenue was $237 million, an increase of 21%, compared to non-GAAP Global Careers revenue of $196 million in the third quarter 2010. Careers-North America revenue was $123 million, an increase of 13% compared to non-GAAP Careers-North America revenue of $109 million in the third quarter 2010. Careers-International revenue grew 32% to $114 million compared with $87 million in the prior year period.

Internet Advertising & Fees (IAF) revenue was $22 million, a decrease of 38% compared to $35 million in the third quarter 2010. As previously disclosed, the Company decided to no longer engage in arbitrage lead generation activity as of July 1, 2011 due to the lack of profitability and in light of new regulations applicable to customers in the for-profit education market. Excluding $14 million of arbitrage lead generation activity in the third quarter 2010, IAF revenue was essentially flat on a year over year basis.

Consolidated GAAP operating expenses of $218 million compares to $234 million in the third quarter 2010. Net Income for the third quarter was $32 million, or $0.26 per share. This compares to a net loss of $5.7 million, or $0.05 per share, in the prior year period.

2

Net Income for the quarter included pre-tax adjustments of $15 million, or $0.13 per share net of tax. These items consisted of a net gain of $17 million relating to a release of escrowed funds associated with the ChinaHR acquisition and $2 million in restructuring charges primarily related to the decision to no longer engage in the arbitrage lead generation business. 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.

Non-GAAP Net Income of $16 million, or $0.13 per share, compares to $2 million, or $0.02 per share in the third quarter 2010. The decision to no longer engage in the arbitrage lead generation business had no impact on the Company’s net income or earnings per share. Non-GAAP operating expenses were $233 million or a 4% year over year increase.

Net cash was $99 million as of September 30, 2011 compared to $39 million as of December 31, 2010. Net operating cash flow in the quarter was $48 million. Deferred revenue as of September 30, 2011 was $354 million compared to $313 million as of September 30, 2010.

Nine Months Results

Monster Worldwide reported total revenue on a GAAP basis of $790 million for the nine months ended September 30, 2011 compared to $659 million in the same period last year, a 20% year over year increase. Global Careers bookings increased 26% year over year during the same period. Monster Careers revenue increased 25% to $702 million compared with $560 million in the 2010 period. Internet Advertising & Fees reported revenue of $89 million compared to $99 million in the prior year period. The Company reported GAAP earnings of $43 million, or $0.34 per diluted share, compared to a GAAP loss of $33 million, or $0.27 loss per share, in the prior period.

Share Repurchase

The Company also announced that its Board of Directors has authorized a share repurchase program of up to $250 million. Under the share repurchase program, shares of common stock will be purchased on the open market or through privately negotiated transactions from time-to-time during the authorized period through April 2013. Under the authorization, the timing and amount of purchases would be based on market conditions, corporate and legal requirements and other factors. The share repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be modified, suspended, extended or discontinued at any time without prior notice.

3

Company Provides Q4 Guidance and Updates 2011 Outlook

The Company offered the following business outlook based on current available information and expectations as of October 27, 2011, and reflecting the financial impact of the Company’s decision to no longer engage in the arbitrage lead generation business as of July 1, 2011.

Growth rates exclude the impact of the arbitrage lead generation business, which accounted for $12 million and $26 million in bookings and revenue in the fourth quarter 2010 and the second half 2010, respectively.

Q4 and Full Year 2011 Outlook
($’s in millions, except per share amounts)

Fourth quarter bookings are expected to be approximately flat compared to the fourth quarter 2010. Fourth quarter revenue is expected to increase in the range of 3 to 7 percent compared to the fourth quarter 2010. Fourth quarter EPS is expected to be in the range of $0.11 to $0.15.

Full year bookings growth is expected to be approximately 16 percent and revenue growth is expected to be in the range of 17 to 18 percent. Full year EPS is expected to be in the range of $0.38 to $0.42.

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 2011 or the full 2011 fiscal year. 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 2011 results will be discussed on Monster Worldwide’s quarterly conference call on October 27, 2011 at 8:30 AM 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 (888) 696-1396 or (706) 758-9636 and reference conference ID# 21035000.

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 directly at http://about-monster.com/sites/default/files/q311earningsslidesarchive.pdf or 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 directly at http://about-monster.com/sites/default/files/q311financialsupplement.pdf or through the Company’s Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (855) 859-2056 or (404) 537-3406 and reference ID# 21035000. This number is valid until midnight on November 3, 2011.

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^® 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 South 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.

5

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.

Non-GAAP revenue, operating expenses, operating income, operating margin, net income or loss and diluted earnings per share all exclude certain pro-forma adjustments including: severance charges related to the targeted global headcount reduction; restructuring charges primarily related to severance associated with the decision to no longer engage in the arbitrage lead generation business; facility charges primarily related to changes in sublet assumptions on previously exited facilities; the fair value adjustment to deferred revenue in connection with the acquisition of HotJobs; realized gains on marketable securities; acquisition and integration-related costs associated with the acquisition of HotJobs; and the receipt of escrowed funds associated with the ChinaHR acquisition. 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 net income or loss 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 the relevant period.

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.

6

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.

7

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Revenue	$	259,048		$	228,842		$	790,126		$	659,064
Salaries and related		129,308			119,297			397,182			362,713
Office and general		57,483			63,272			186,024			182,326
Marketing and promotion		46,527			51,661			162,749			158,167
Release of ChinaHR escrowed funds		(17,400	)		—			(17,400	)		—
Restructuring charges		2,004			—			2,004			—
Total operating expenses		217,922			234,230			730,559			703,206
Operating income (loss)		41,126			(5,388	)		59,567			(44,142	)
Interest and other, net		(1,478	)		(1,286	)		(2,430	)		(1,038	)
Income (loss) before income taxes and loss in equity interests		39,648			(6,674	)		57,137			(45,180	)
Provision for (benefit from) income taxes		7,453			(1,823	)		13,250			(14,831	)
Loss in equity interests, net		(368	)		(873	)		(996	)		(2,511	)
Net income (loss)	$	31,827		$	(5,724	)	$	42,891		$	(32,860	)
Basic income (loss) per share	$	0.26		$	(0.05	)	$	0.35		$	(0.27	)
Diluted income (loss) per share	$	0.26		$	(0.05	)	$	0.34		$	(0.27	)
Weighted average shares outstanding:
Basic		122,991			120,796			122,212			120,509
Diluted		123,972			120,796			124,338			120,509
Operating income before depreciation and amortization:
Operating income (loss)	$	41,126		$	(5,388	)	$	59,567		$	(44,142	)
Depreciation and amortization of intangibles		18,844			16,482			56,298			48,778
Amortization of stock-based compensation		8,994			13,533			34,431			34,677
Operating income before depreciation and amortization	$	68,964		$	24,627		$	150,296		$	39,313

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

	Nine Months Ended September 30,
	2011			2010
Cash flows provided by operating activities:
Net income (loss)	$	42,891		$	(32,860	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		56,298			48,778
Provision for doubtful accounts		2,452			2,036
Non-cash compensation		34,431			34,677
Deferred income taxes		(6,562	)		(26,094	)
Loss on disposal of assets		—			163
Loss in equity interests, net		996			2,511
Gains on auction rate securities		(1,732	)		(2,415	)
Changes in assets and liabilities, net of acquisitions:
Accounts receivable		47,696			13,279
Prepaid and other		(2,361	)		108
Deferred revenue		(24,931	)		(2,586	)
Accounts payable, accrued liabilities and other		(24,163	)		23,927
Total adjustments		82,124			94,384
Net cash provided by operating activities		125,015			61,524
Cash flows used for investing activities:
Capital expenditures		(45,433	)		(36,656	)
Cash funded to equity investee		(2,559	)		(4,424	)
Sales and maturities of marketable securities and other		1,732			22,995
Payments for acquisitions and intangible assets, net of cash acquired		—			(225,000	)
Dividends received from unconsolidated investee		443			220
Net cash used for investing activities		(45,817	)		(242,865	)
Cash flows provided by financing activities:
Proceeds from borrowings on credit facilities short-term		107,725			90,000
Payments on borrowings on term loan and credit facilities		(9,500	)		(5,000	)
Tax withholdings related to net share settlements of restricted stock awards and units		(16,876	)		(9,804	)
Proceeds from the exercise of employee stock options		23			66
Net cash provided by financing activities		81,372			75,262
Effects of exchange rates on cash		(1,938	)		(2,655	)
Net increase (decrease) in cash and cash equivalents		158,632			(108,734	)
Cash and cash equivalents, beginning of period		163,169			275,447
Cash and cash equivalents, end of period	$	321,801		$	166,713
Free cash flow:
Net cash provided by operating activities	$	125,015		$	61,524
Less: Capital expenditures		(45,433	)		(36,656	)
Free cash flow	$	79,582		$	24,868

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

	September 30, 2011		December 31, 2010
Assets:
Cash and cash equivalents	$	321,801	$	163,169
Accounts receivable, net		298,778		346,751
Property and equipment, net		155,642		150,147
Goodwill and intangibles, net		1,191,833		1,189,135
Other assets		127,256		128,800
Total Assets	$	2,095,310	$	1,978,002
Liabilities and Stockholders’ equity:
Accounts payable, accrued expenses and other current liabilities	$	202,251	$	225,876
Deferred revenue		354,029		376,448
Current portion of long-term debt and borrowings on credit facilities		187,771		84,500
Long-term income taxes payable		98,164		95,390
Long-term debt, less current portion		35,000		40,000
Other long-term liabilities		20,534		27,138
Total Liabilities	$	897,749	$	849,352
Stockholders’ Equity		1,197,561		1,128,650
Total Liabilities and Stockholders’ Equity	$	2,095,310	$	1,978,002

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

	Three Months Ended September 30, 2011									Three Months Ended September 30, 2010
				Non-GAAP			Consolidated						Non-GAAP			Consolidated
	As Reported			Adjustments			Non-GAAP			As Reported			Adjustments			Non-GAAP
Revenue	$	259,048		$	—		$	259,048		$	228,842		$	1,788	a	$	230,630	i
Salaries and related		129,308			—			129,308			119,297			(546	) b		118,751
Office and general		57,483			—			57,483			63,272			(8,605	) d		54,667
Marketing and promotion		46,527			—			46,527			51,661			—			51,661
Release of ChinaHR escrowed funds		(17,400	)		17,400	e		—			—			—			—
Restructuring charges		2,004			(2,004	) f		—			—			—			—
Total operating expenses		217,922			15,396			233,318			234,230			(9,151	)		225,079
Operating income (loss)		41,126			(15,396	)		25,730			(5,388	)		10,939			5,551
Operating margin		15.9	%					9.9	%		-2.4	%					2.4	%
Interest and other, net		(1,478	)		—			(1,478	)		(1,286	)		(311	) g		(1,597	)
Income (loss) before income taxes and loss in equity interests		39,648			(15,396	)		24,252			(6,674	)		10,628			3,954
Provision for (benefit from) income taxes		7,453			671	h		8,124			(1,823	)		2,903	h		1,080
Loss in equity interests, net		(368	)		—			(368	)		(873	)		—			(873	)
Net income (loss)	$	31,827		$	(16,067	)	$	15,760		$	(5,724	)	$	7,725		$	2,001
Diluted earnings (loss) per share	$	0.26		$	(0.13	)	$	0.13		$	(0.05	)	$	0.06		$	0.02
Weighted average shares outstanding:
Diluted		123,972			123,972			123,972			120,796			120,796			122,274

	Nine Months Ended September 30, 2011									Nine Months Ended September 30, 2010
				Non-GAAP			Consolidated						Non-GAAP			Consolidated
	As Reported			Adjustments			Non-GAAP			As Reported			Adjustments			Non-GAAP
Revenue	$	790,126		$	2,658	a	$	792,784		$	659,064			1,788	a	$	660,852
Salaries and related		397,182			(1,178	) b,d		396,004			362,713			(7,400	) b		355,313
Office and general		186,024			(6,829	) c,d		179,195			182,326			(18,211	) d		164,115
Marketing and promotion		162,749			—			162,749			158,167			—			158,167
Release of ChinaHR escrowed funds		(17,400	)		17,400	e		—			—			—			—
Restructuring charges		2,004			(2,004	) f		—			—			—			—
Total operating expenses		730,559			7,389			737,948			703,206			(25,611	)		677,595
Operating income (loss)		59,567			(4,731	)		54,836			(44,142	)		27,399			(16,743	)
Operating margin		7.5	%					6.9	%		-6.7	%					-2.5	%
Interest and other, net		(2,430	)		(1,120	) g		(3,550	)		(1,038	)		(2,414	) g		(3,452	)
Income (loss) before income taxes and loss in equity interests		57,137			(5,851	)		51,286			(45,180	)		24,985			(20,195	)
Provision for (benefit from) income taxes		13,250			4,027	h		17,277			(14,831	)		7,753	h		(7,078	)
Loss in equity interests, net		(996	)		—			(996	)		(2,511	)		—			(2,511	)
Net income (loss)	$	42,891		$	(9,878	)	$	33,013		$	(32,860	)	$	17,232		$	(15,628	)
Diluted earnings (loss) per share	$	0.34		$	(0.08	)	$	0.27		$	(0.27	)	$	0.14		$	(0.13	)
Weighted average shares outstanding:
Diluted		124,338			124,338			124,338			120,509			120,509			120,509

Note Regarding Non-GAAP 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.

Non-GAAP adjustments consist of the following:

a	Deferred revenue fair value adjustment required under existing purchase accounting rules relating to the acquisition of the Hotjobs Assets in Q3 2010.
b	Severance charges primarily related to the reorganization of the product & technology groups on a global basis.
c	Charges related to changes in sublet assumptions on previously exited facilities.
d	Acquisition and integration related costs associated with the acquisition of the Hotjobs Assets.
e	Net gain relating to release of ChinaHR escrowed funds.
f	Restructuring charges primarily related to the Company no longer engaging in the arbitrage lead generation business.
g	Net realized gains on available for sale securities.
h	Income tax adjustment is calculated using the effective tax rate of the reported period multiplied by the ProForma adjustment to income (loss) before income taxes and loss in equity interests. For 2011, the provison for income taxes is net of a non-taxable gain from the release of the ChinaHR escrowed funds.
i	Excluding the effect of the arbitrage lead generation business, Non-GAAP revenue for the three months ended September 30, 2010 was $216,744.

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

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2011	North America			International			Fees			Expenses			Total
Revenue — GAAP	$	123,160		$	114,091		$	21,797					$	259,048
Non-GAAP Adjustments		—			—			—						—
Revenue — Non-GAAP	$	123,160		$	114,091		$	21,797					$	259,048
Operating income — GAAP	$	21,434		$	10,400		$	395		$	8,897		$	41,126
Non-GAAP Adjustments		—			323			1,681			(17,400	)		(15,396	)
Operating income (loss) — Non-GAAP	$	21,434		$	10,723		$	2,076		$	(8,503	)	$	25,730
OIBDA — GAAP	$	33,589		$	20,647		$	3,737		$	10,991		$	68,964
Non-GAAP Adjustments		—			323			1,681			(17,400	)		(15,396	)
OIBDA — Non-GAAP	$	33,589		$	20,970		$	5,418		$	(6,409	)	$	53,568
Operating margin — GAAP		17.4	%		9.1	%		1.8	%					15.9	%
Operating margin — Non-GAAP		17.4	%		9.4	%		9.5	%					9.9	%
OIBDA margin — GAAP		27.3	%		18.1	%		17.1	%					26.6	%
OIBDA margin — Non-GAAP		27.3	%		18.4	%		24.9	%					20.7	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Three Months Ended September 30, 2010	North America			International			Fees			Expenses			Total
Revenue	$	107,229		$	86,683		$	34,930					$	228,842
Non-GAAP 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	)
Non-GAAP Adjustments		1,971			306			57			8,605			10,939
Operating income (loss) — Non-GAAP	$	20,744		$	(5,576	)	$	1,937		$	(11,554	)	$	5,551
OIBDA — GAAP	$	29,734		$	5,170		$	5,673		$	(15,950	)	$	24,627
Non-GAAP Adjustments		1,971			306			57			8,605			10,939
OIBDA — Non-GAAP	$	31,705		$	5,476		$	5,730		$	(7,345	)	$	35,566
Operating margin — GAAP		17.5	%		-6.8	%		5.4	%					-2.4	%
Operating margin — Non-GAAP		19.0	%		-6.4	%		5.5	%					2.4	%
OIBDA margin — GAAP		27.7	%		6.0	%		16.2	%					10.8	%
OIBDA margin — Non-GAAP		29.1	%		6.3	%		16.4	%					15.4	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2011	North America			International			Fees			Expenses			Total
Revenue — GAAP	$	366,757		$	334,803		$	88,566					$	790,126
Non-GAAP Adjustments		2,658			—			—						2,658
Revenue — Non-GAAP	$	369,415		$	334,803		$	88,566					$	792,784
Operating income (loss) — GAAP	$	54,425		$	26,079		$	3,760		$	(24,697	)	$	59,567
Non-GAAP Adjustments		2,885			605			1,702			(9,923	)		(4,731	)
Operating income (loss) — Non-GAAP	$	57,310		$	26,684		$	5,462		$	(34,620	)	$	54,836
OIBDA — GAAP	$	92,460		$	58,919		$	14,643		$	(15,726	)	$	150,296
Non-GAAP Adjustments		2,885			605			1,702			(9,923	)		(4,731	)
OIBDA — Non-GAAP	$	95,345		$	59,524		$	16,345		$	(25,649	)	$	145,565
Operating margin — GAAP		14.8	%		7.8	%		4.2	%					7.5	%
Operating margin — Non-GAAP		15.5	%		8.0	%		6.2	%					6.9	%
OIBDA margin — GAAP		25.2	%		17.6	%		16.5	%					19.0	%
OIBDA margin — Non-GAAP		25.8	%		17.8	%		18.5	%					18.4	%

							Internet
	Careers -			Careers -			Advertising &			Corporate
Nine Months Ended September 30, 2010	North America			International			Fees			Expenses			Total
Revenue	$	301,134		$	259,168		$	98,762					$	659,064
Non-GAAP 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	)
Non-GAAP Adjustments		5,298			2,996			981			18,124			27,399
Operating income (loss) — Non-GAAP	$	37,753		$	(20,834	)	$	4,643		$	(38,305	)	$	(16,743	)
OIBDA — GAAP	$	62,230		$	7,664		$	14,493		$	(45,074	)	$	39,313
Non-GAAP Adjustments		5,298			2,996			981			18,124			27,399
OIBDA — Non-GAAP	$	67,528		$	10,660		$	15,474		$	(26,950	)	$	66,712
Operating margin — GAAP		10.8	%		-9.2	%		3.7	%					-6.7	%
Operating margin — Non-GAAP		12.5	%		-8.0	%		4.7	%					-2.5	%
OIBDA margin — GAAP		20.7	%		3.0	%		14.7	%					6.0	%
OIBDA margin — Non-GAAP		22.3	%		4.1	%		15.7	%					10.1	%

EX-99.2

FINANCIAL SUPPLEMENT

September 30, 2011

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

Release of ChinaHR Escrowed Funds

On October 8, 2008, the Company’s Careers — International segment completed the acquisition of the remaining 55.6% ownership interest in China HR.com Holdings Ltd. (together with its subsidiaries, “ChinaHR”) not already owned by the Company. Consideration for the acquisition was approximately $167.0 million in cash, net of cash acquired. A portion of the purchase price was placed into escrow to secure the sellers’ obligation to indemnify the Company for any breaches of the representations and warranties made by the sellers. During the three months ended September 30, 2011, the Company received $17.4 million in cash, net of professional fees reimbursed to the Company, relating to the release of the ChinaHR escrowed funds, which is recorded in the consolidated statements of operations for the three and nine months ended September 30, 2011. The reimbursed professional fees were recorded as a reduction to office and general expenses in the consolidated statements of operations for the three and nine months ended September 30, 2011.

Restructuring Charges

Restructuring charges of $2.0 million primarily related to severance costs associated with the Company no longer engaging in the arbitrage lead generation business.

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 America online recruitment market. The results of operations attributable to the HotJobs Assets have been included in our consolidated financial statements since August 24, 2010.

In the three months ended September 30, 2010, the Company incurred $8.6 million of acquisition-related costs. In the nine months ended September 30, 2011 and September 30, 2010, the Company incurred $4.6 million and $18.2 million, respectively, of acquisition-related costs. These costs primarily relate to professional fees and other integration costs associated with the acquisition, which were expensed as incurred and are included in office and general expenses and salaries and related expenses in the consolidated statement of operations. The Company did not incur any acquisition-related costs subsequent to the first quarter of 2011 and does not expect to incur any acquisition- related costs in future periods.

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 were required to write-down to fair value a portion of the deferred revenue attributable to the HotJobs Assets. Consequently, in post-acquisition periods, we did 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. In the three months ended September 30, 2010, the Company recorded a $1.8 million fair value adjustment. In the first quarter of 2011, the final quarter in which this adjustment was recorded, the Company recorded a $2.7 million fair value adjustment.

2

Severance Charges

For the three months ended September 30, 2010, the Company incurred $0.5 million of severance costs relating to targeted headcount reductions. In the nine months ended September 30, 2011 and September 30, 2010, the Company incurred $0.4 million and $7.4 million, respectively, of severance costs relating to targeted 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. The Company did not incur any severance charges relating to targeted headcount reductions in the third quarter of 2011.

Auction Rate Securities

In the nine months ended September 30, 2011 and September 30 2010, the Company received at par value issuer redemptions of auction rate securities, resulting in a $1.1 million and $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 previously 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, which 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, which 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.

Facility Charges

In the first quarter of 2011, the Company incurred $3.0 million of charges related to changes in sublet assumptions on previously exited facilities.

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.

3

Non-GAAP revenue, operating expenses, operating income (loss), operating margin, net income (loss) and diluted earnings (loss) per share all exclude certain pro forma adjustments including: reversal of legal settlements, net; the receipt of escrowed funds associated with the ChinaHR acquisition; net costs associated with the Company’s historical option grant practices; the strategic restructuring actions initiated in the third quarter of 2007; severance and facility charges primarily related to the product and technology global reorganization and changes in sublet assumptions on previously exited facilities; acquisition and integration-related costs related to the acquisition of the HotJobs Assets; 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; and restructuring charges primarily related to severance associated with the decision to no longer engage in the arbitrage lead generation business. 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 net income or loss 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 the relevant period.

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.

4

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 Data

Summary P&L Information	FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010			FY 2010			Q1 2011			Q2 2011			Q3 2011
Monster Careers	$	772,596		$	182,582		$	183,808		$	193,912		$	222,689		$	782,991		$	228,292		$	236,017		$	237,251
Internet Advertising & Fees		132,546			32,723			31,109			34,930			32,380			131,142			33,090			33,679			21,797
Revenue		905,142			215,305			214,917			228,842			255,069			914,133			261,382			269,696			259,048
Salary and related		423,828			118,183			104,089			105,764			115,564			443,600			122,481			119,956			120,314
Office and general		162,755			45,544			41,214			46,790			42,153			175,701			48,169			42,918			38,639
Marketing and promotion		209,661			59,581			46,925			51,661			64,399			222,566			57,698			58,524			46,527
Reversal of legal settlements, net		(6,850	)		—			—			—			—			—			—			—			—
Release of ChinaHR escrowed funds		—			—			—			—			—			—			—			—			(17,400	)
Restructuring and other special charges		16,105			—			—			—			—			—			—			—			2,004
Depreciation expense		59,117			14,521			13,782			13,975			14,204			56,482			14,373			15,052			14,998
Amortization of restricted stock and RSU Plan		39,306			10,124			10,744			13,398			12,380			46,646			13,028			12,161			8,899
Non-cash stock option expense		615			143			133			135			134			545			152			96			95
Amortization of intangibles		9,416			2,083			1,910			2,507			4,114			10,614			4,028			4,001			3,846
Operating expenses		913,953			250,179			218,797			234,230			252,948			956,154			259,929			252,708			217,922
Operating (loss) income		(8,811	)		(34,874	)		(3,880	)		(5,388	)		2,121			(42,021	)		1,453			16,988			41,126
Interest and other, net		(5,828	)		(653	)		901			(1,286	)		(835	)		(1,873	)		(441	)		(511	)		(1,478	)
(Loss) income before income taxes and equity interests		(14,639	)		(35,527	)		(2,979	)		(6,674	)		1,286			(43,894	)		1,012			16,477			39,648
(Benefit from) provison for income taxes		(37,883	)		(12,179	)		(829	)		(1,823	)		426			(14,405	)		356			5,441			7,453
Loss in equity interests, net		(4,317	)		(831	)		(807	)		(873	)		(359	)		(2,870	)		(578	)		(50	)		(368	)
Net income (loss)	$	18,927		$	(24,179	)	$	(2,957	)	$	(5,724	)	$	501		$	(32,359	)	$	78		$	10,986		$	31,827
Basic income (loss) per share:	$	0.16		$	(0.20	)	$	(0.02	)	$	(0.05	)	$	—		$	(0.27	)	$	—		$	0.09		$	0.26
Diluted income (loss) per share:	$	0.16		$	(0.20	)	$	(0.02	)	$	(0.05	)	$	—		$	(0.27	)	$	—		$	0.09		$	0.26
Weighted avg. shares outstanding:
Basic shares		119,359			120,032			120,701			120,796			120,892			120,608			121,425			122,200			122,991
Diluted shares		121,170			120,032			120,701			120,796			124,525			120,608			124,636			124,386			123,972
Global employees (ones)		5,687			5,518			5,546			5,792			5,847			5,847			5,909			6,042			6,003
Annualized revenue per average employee	$	152.4		$	153.7		$	155.4		$	161.5		$	175.3		$	161.1		$	177.9		$	180.5		$	172.1
Net Bookings		806,907			219,054			208,202			235,025	(1)		330,157			992,438			272,472			262,338			264,422

⁽¹⁾ - Excluding the effect of the arbitrage lead generation business, bookings for the three months ended September 30, 2010 was $221,139.

Monster Worldwide, Inc.
Statements of Operations
(unaudited)

Trended Data

Summary P&L Information	FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010			FY 2010			Q1 2011			Q2 2011			Q3 2011
Monster Careers		85.4	%		84.8	%		85.5	%		84.7	%		87.3	%		85.7	%		87.3	%		87.5	%		91.6	%
Internet Advertising & Fees		14.6	%		15.2	%		14.5	%		15.3	%		12.7	%		14.3	%		12.7	%		12.5	%		8.4	%
Revenue		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Salary and related		46.8	%		54.9	%		48.4	%		46.2	%		45.3	%		48.5	%		46.9	%		44.5	%		46.4	%
Office and general		18.0	%		21.2	%		19.2	%		20.4	%		16.5	%		19.2	%		18.4	%		15.9	%		14.9	%
Marketing and promotion		23.2	%		27.7	%		21.8	%		22.6	%		25.2	%		24.3	%		22.1	%		21.7	%		18.0	%
Reversal of legal settlements, net		-0.8	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Release of ChinaHR escrowed funds		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		-6.7	%
Restructuring and other special charges		1.8	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.8	%
Depreciation expense		6.5	%		6.7	%		6.4	%		6.1	%		5.6	%		6.2	%		5.5	%		5.6	%		5.8	%
Amortization of restricted stock and RSU Plan		4.3	%		4.7	%		5.0	%		5.9	%		4.9	%		5.1	%		5.0	%		4.5	%		3.4	%
Non-cash stock option expense		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.0	%		0.0	%
Amortization of intangibles		1.0	%		1.0	%		0.9	%		1.1	%		1.6	%		1.2	%		1.5	%		1.5	%		1.5	%
Operating expenses		101.0	%		116.2	%		101.8	%		102.4	%		99.2	%		104.6	%		99.4	%		93.7	%		84.1	%
Operating (loss) income		-1.0	%		-16.2	%		-1.8	%		-2.4	%		0.8	%		-4.6	%		0.6	%		6.3	%		15.9	%
Interest and other, net		-0.6	%		-0.3	%		0.4	%		-0.6	%		-0.3	%		-0.2	%		-0.2	%		-0.2	%		-0.6	%
(Loss) income from operations		-1.6	%		-16.5	%		-1.4	%		-2.9	%		0.5	%		-4.8	%		0.4	%		6.1	%		15.3	%
(Benefit from) provision for income taxes		-4.2	%		-5.7	%		-0.4	%		-0.8	%		0.2	%		-1.6	%		0.1	%		2.0	%		2.9	%
Losses in equity interests, net		-0.5	%		-0.4	%		-0.4	%		-0.4	%		-0.1	%		-0.3	%		-0.2	%		0.0	%		-0.1	%
Net income (loss)		2.1	%		-11.2	%		-1.4	%		-2.5	%		0.2	%		-3.5	%		0.0	%		4.1	%		12.3	%

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

Trended Data

	FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010			FY 2010			Q1 2011			Q2 2011			Q3 2011
Segment revenue: GAAP
Careers — North America	$	407,118		$	96,957		$	96,948		$	107,229		$	121,059		$	422,193		$	121,032		$	122,565		$	123,160
Careers — International		365,478			85,625			86,860			86,683			101,630			360,798			107,260			113,452			114,091
Careers revenue — GAAP		772,596			182,582			183,808			193,912			222,689			782,991			228,292			236,017			237,251
Internet Advertising & Fees revenue — GAAP		132,546			32,723			31,109			34,930			32,380			131,142			33,090			33,679			21,797
Total Monster consolidated revenue — GAAP	$	905,142		$	215,305		$	214,917		$	228,842		$	255,069		$	914,133		$	261,382		$	269,696		$	259,048
Segment revenue(1): Non-GAAP
Careers — North America	$	407,118		$	96,957		$	96,948		$	109,017		$	124,324		$	427,246		$	123,690		$	122,565		$	123,160
Careers — International		367,749			85,625			86,860			86,683			101,630			360,798			107,260			113,452			114,091
Careers revenue — Non-GAAP		774,867			182,582			183,808			195,700			225,954			788,044			230,950			236,017			237,251
Internet Advertising & Fees — Non-GAAP		132,546			32,723			31,109			34,930			32,380			131,142			33,090			33,679			21,797
Total Monster consolidated revenue — Non-GAAP	$	907,413		$	215,305		$	214,917		$	230,630		$	258,334		$	919,186		$	264,040		$	269,696		$	259,048
Segment operating income (loss): GAAP
Careers — North America	$	19,670		$	(3,772	)	$	17,454		$	18,773		$	15,328		$	47,783		$	16,989		$	16,002		$	21,434
Careers — International		(6,283	)		(13,412	)		(4,536	)		(5,882	)		258			(23,572	)		5,422			10,257			10,400
Careers operating income (loss) — GAAP		13,387			(17,184	)		12,918			12,891			15,586			24,211			22,411			26,259			31,834
Internet Advertising & Fees operating income — GAAP		18,114			1,236			546			1,880			562			4,224			1,503			1,862			395
Corporate operating (expense) income — GAAP		(40,312	)		(18,926	)		(17,344	)		(20,159	)		(14,027	)		(70,456	)		(22,461	)		(11,133	)		8,897
Total Monster consolidated operating (loss) income — GAAP	$	(8,811	)	$	(34,874	)	$	(3,880	)	$	(5,388	)	$	2,121		$	(42,021	)	$	1,453		$	16,988		$	41,126
Segment operating income (loss)(1): Non-GAAP
Careers — North America	$	29,250		$	(491	)	$	17,500		$	20,744		$	18,701		$	56,454		$	19,874		$	16,002		$	21,434
Careers — International		10,475			(11,269	)		(3,989	)		(5,576	)		288			(20,546	)		5,704			10,257			10,723
Careers operating income (loss) — Non-GAAP		39,725			(11,760	)		13,511			15,168			18,989			35,908			25,578			26,259			32,157
Internet Advertising & Fees operating income — Non-GAAP		20,598			2,145			561			1,937			559			5,202			1,524			1,862			2,076
Corporate operating (expense) income — Non-GAAP		(48,524	)		(14,528	)		(12,223	)		(11,554	)		(7,612	)		(45,917	)		(14,984	)		(11,133	)		(8,503	)
Total Monster consolidated operating income (loss) — Non-GAAP	$	11,799		$	(24,143	)	$	1,849		$	5,551		$	11,936		$	(4,807	)	$	12,118		$	16,988		$	25,730

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

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

Trended Data

Summary P&L Information	FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010		FY 2010			Q1 2011		Q2 2011		Q3 2011
Non-GAAP revenue (1)	$	907,413		$	215,305		$	214,917		$	230,630		$	258,334	$	919,186		$	264,040	$	269,696	$	259,048
Deferred revenue related to acquisitions		2,271			—			—			1,788			3,265		5,053			2,658		—		—
Revenue — GAAP	$	905,142		$	215,305		$	214,917		$	228,842		$	255,069	$	914,133		$	261,382	$	269,696	$	259,048
OIBDA — GAAP (1)	$	104,364		$	(8,003	)	$	22,689		$	24,627		$	32,953	$	72,266		$	33,034	$	48,298	$	68,964
Depreciation expense		59,117			14,521			13,782			13,975			14,204		56,482			14,373		15,052		14,998
Amortization of restricted stock and RSU Plan		39,306			10,124			10,744			13,398			12,380		46,646			13,028		12,161		8,899
Non-cash stock option expense		615			143			133			135			134		545			152		96		95
Restructuring non-cash write-offs		4,721			—			—			—			—		—			—		—		—
Amortization of intangibles		9,416			2,083			1,910			2,507			4,114		10,614			4,028		4,001		3,846
Operating (loss) income — GAAP	$	(8,811	)	$	(34,874	)	$	(3,880	)	$	(5,388	)	$	2,121	$	(42,021	)	$	1,453	$	16,988	$	41,126
Reversal of legal settlements, net		(6,850	)		—			—			—			—		—			—		—		—
Release of ChinaHR escrowed funds		—			—			—			—			—		—			—		—		(17,400	)
Stock option investigation		(3,246	)		—			—			—			—		—			—		—		—
Non-GAAP severance		8,773			6,360			494			546			456		7,856			362		—		—
Non-GAAP facilities		3,557			—			—			—			—		—			2,998		—		—
Non-GAAP Integration fees		—			4,371			5,235			8,605			4,668		22,879			3,831		—		—
Non-GAAP Integration fees — salary		—			—			—			—			1,426		1,426			816		—		—
Deferred revenue related to acquisitions		2,271			—			—			1,788			3,265		5,053			2,658		—		—
Restructuring program non-cash write-offs		4,721			—			—			—			—		—			—		—		—
Restructuring expenses, less non-cash items		11,384			—			—			—			—		—			—		—		2,004
Total Non-GAAP Adjustments		20,610			10,731			5,729			10,939			9,815		37,214			10,665		—		(15,396	)
Operating income (loss) — Non-GAAP(1)	$	11,799		$	(24,143	)	$	1,849		$	5,551		$	11,936	$	(4,807	)	$	12,118	$	16,988	$	25,730

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

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

Trended Data

	FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010			FY 2010			Q1 2011			Q2 2011			Q3 2011
Cash flows provided by (used for) operating activities:
Net income (loss)	$	18,927		$	(24,179	)	$	(2,957	)	$	(5,724	)	$	501		$	(32,359	)	$	78		$	10,986		$	31,827
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization		68,533			16,604			15,692			16,482			18,318			67,096			18,401			19,053			18,844
Reversal of legal settlements, net		(6,850	)		—			—			—			—			—			—			—			—
Provision for doubtful accounts		10,154			1,149			398			489			911			2,947			370			1,067			1,015
Non-cash compensation		39,921			10,267			10,877			13,533			12,514			47,191			13,180			12,257			8,994
Deferred income taxes		1,189			(14,713	)		(2,872	)		(8,509	)		(1,796	)		(27,890	)		(3,984	)		(6,563	)		3,985
Non-cash restructuring write-offs, accelerated amortization, and other		4,779			—			144			19			92			255			—			—			—
Loss in equity interests, net		4,317			831			807			873			359			2,870			578			50			368
Losses (gains) on auction rate securities		4,181			(200	)		(1,904	)		(311	)		—			(2,415	)		(1,120	)		(612	)		—
Changes in assets and liabilities, net of acquisitions:
Accounts receivable		80,462			17,631			16,930			(21,282	)		(66,834	)		(53,555	)		12,416			16,630			18,650
Prepaid and other		(2,669	)		1,589			(2,201	)		720			(16,598	)		(16,490	)		(6,718	)		2,015			2,342
Deferred revenue		(111,634	)		4,668			(19,725	)		12,471			65,074			62,488			14,926			(17,955	)		(21,902	)
Accounts payable, accrued expenses and other liabilities		(66,585	)		22,569			(8,491	)		9,849			19,007			42,934			1,293			(8,859	)		(16,597	)
Total adjustments		25,798			60,395			9,655			24,334			31,047			125,431			49,342			17,083			15,699
Net cash provided by operating activities		44,725			36,216			6,698			18,610			31,548			93,072			49,420			28,069			47,526
Cash flows provided by (used for) investing activities:
Capital expenditures		(48,677	)		(8,536	)		(11,939	)		(16,181	)		(20,470	)		(57,126	)		(16,457	)		(16,331	)		(12,645	)
Purchase of marketable securities		(8,585	)		—			—			—			—			—			—			—			—
Sale and maturities of marketable securities and other		70,977			3,414			11,120			8,461			4,094			27,089			1,120			612			—
Payments for acquisitions and intangible assets, net of cash acquired		(300	)		—			—			(225,000	)		(795	)		(225,795	)		—			—			—
Dividends received from unconsolidated investee		763			220			—			—			—			220			443			—			—
Cash funded to equity investee		(6,299	)		(1,345	)		(1,555	)		(1,524	)		(1,224	)		(5,648	)		(1,007	)		(808	)		(744	)
Net cash provided by (used for) investing activities		7,879			(6,247	)		(2,374	)		(234,244	)		(18,395	)		(261,260	)		(15,901	)		(16,527	)		(13,389	)
Cash flows (used for) provided by financing activities:
Proceeds from borrowings on credit facilities short-term		199,203			—			—			90,000			—			90,000			—			2,126			105,599
Payments on borrowings on term loan and credit facilities		(256,196	)		—			—			(5,000	)		(10,500	)		(15,500	)		(4,500	)		—			(5,000	)
Tax withholdings related to net share settlements of restricted stock awards and units		(4,571	)		(6,359	)		(2,856	)		(589	)		(4,423	)		(14,227	)		(7,096	)		(6,776	)		(3,004	)
Net borrowings (payments) under capital lease obligations and other debt		50,000			—			—			—			—			—			—			—			—
Proceeds from the exercise of employee stock options		67			27			39			—			234			300			23			—			—
Excess tax benefits from equity compensation plans		79			—			—			—			—			—			—			—			—
Net cash (used for) provided by financing activities		(11,418	)		(6,332	)		(2,817	)		84,411			(14,689	)		60,573			(11,573	)		(4,650	)		97,595
Effects of exchange rates on cash		12,001			(7,932	)		(3,930	)		9,207			(2,008	)		(4,663	)		5,887			1,140			(8,965	)
Net increase (decrease) in cash and cash equivalents		53,187			15,705			(2,423	)		(122,016	)		(3,544	)		(112,278	)		27,833			8,032			122,767
Cash and cash equivalents, beginning of period		222,260			275,447			291,152			288,729			166,713			275,447			163,169			191,002			199,034
Cash and cash equivalents, end of period	$	275,447		$	291,152		$	288,729		$	166,713		$	163,169		$	163,169		$	191,002		$	199,034		$	321,801
Non — GAAP Free cash flow (1):
Net cash provided by operating activities	$	44,725		$	36,216		$	6,698		$	18,610		$	31,548		$	93,072		$	49,420		$	28,069		$	47,526
Less: Capital expenditures		(48,677	)		(8,536	)		(11,939	)		(16,181	)		(20,470	)		(57,126	)		(16,457	)		(16,331	)		(12,645	)
Free cash flow	$	(3,952	)	$	27,680		$	(5,241	)	$	2,429		$	11,078		$	35,946		$	32,963		$	11,738		$	34,881

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

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

Trended Data

	December 2009			March 2010			June 2010			September 2010			December 2010			March 2011			June 2011			September 2011
ASSETS
Current assets:
Cash and cash equivalents	$	275,447		$	291,152		$	288,729		$	166,713		$	163,169		$	191,002		$	199,034		$	321,801
Marketable securities, current		9,259			8,150			8,300			—			—			—			—			—
Accounts Receivable, net		287,698			263,589			242,199			282,274			346,751			340,307			323,726			298,778
Prepaid and other		73,089			70,229			68,487			66,301			75,451			84,600			84,744			83,506
Total current assets		645,493			633,120			607,715			515,288			585,371			615,909			607,504			704,085
Marketable securities, non-current		15,410			13,110			4,094			4,094			—			—			—			—
Property and equipment, net		143,727			136,487			136,821			143,973			150,147			154,900			158,178			155,642
Goodwill		925,758			917,187			892,008			1,123,834			1,122,951			1,151,182			1,157,724			1,137,074
Intangibles, net		43,863			41,173			39,029			70,067			66,184			62,474			58,788			54,759
Investment in unconsolidated affiliates		546			330			640			745			1,359			919			1,545			1,643
Other assets		52,393			50,884			52,411			52,108			51,990			51,061			47,816			42,107
Total assets	$	1,827,190		$	1,792,291		$	1,732,718		$	1,910,109		$	1,978,002		$	2,036,445		$	2,031,555		$	2,095,310
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, accrued expenses and other	$	196,248		$	217,671		$	203,227		$	213,562		$	225,876		$	232,701		$	220,694		$	202,251
Deferred revenue		305,898			304,993			279,809			312,952			376,448			399,105			382,835			354,029
Borrowings on credit facility short-term		—			—			—			90,000			79,500			75,000			77,129			182,771
Current portion of long-term debt		5,010			5,003			5,000			5,000			5,000			5,000			5,000			5,000
Total current liabilities		507,156			527,667			488,036			621,514			686,824			711,806			685,658			744,051
Long-term income taxes payable		87,343			89,101			90,813			95,464			95,390			96,922			96,443			98,164
Long-term debt, less current portion		45,000			45,000			45,000			40,000			40,000			40,000			40,000			35,000
Other liabilities		54,527			38,288			38,325			27,398			27,138			20,603			17,970			20,534
Total liabilities		694,026			700,056			662,174			784,376			849,352			869,331			840,071			897,749
Common stock and class B common stock		134			135			135			136			136			137			138			138
Additional paid-in capital		1,395,970			1,394,915			1,404,043			1,416,547			1,424,815			1,427,804			1,434,095			1,440,027
Accumulated other comprehensive income		64,167			48,470			20,608			69,016			63,165			98,561			105,653			73,971
Accumulated deficit		(327,107	)		(351,285	)		(354,242	)		(359,966	)		(359,466	)		(359,388	)		(348,402	)		(316,575	)
Total stockholders’ equity		1,133,164			1,092,235			1,070,544			1,125,733			1,128,650			1,167,114			1,191,484			1,197,561
Total liabilities and stockholders’ equity	$	1,827,190		$	1,792,291		$	1,732,718		$	1,910,109		$	1,978,002		$	2,036,445		$	2,031,555		$	2,095,310
Selected Financial Ratios(1)
- Annualized return on equity		-0.7	%		-8.7	%		-1.1	%		-2.1	%		0.2	%		0.0	%		3.7	%		10.7	%
- Book value per share	$	9.47		$	9.05		$	8.87		$	9.32		$	9.32		$	9.56		$	9.70		$	9.73
- Cash and marketable securities per share	$	2.51		$	2.59		$	2.49		$	1.41		$	1.35		$	1.57		$	1.62		$	2.61
- Net cash and securities	$	250,106		$	262,409		$	251,123		$	35,807		$	38,669		$	71,002		$	76,905		$	99,030

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