mediarelease

Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for
the fourth quarter and full year ended December 31, 2009.

Sal Iannuzzi, chairman, president and chief executive officer of Monster
Worldwide, said, “We ended the year with a strong sales quarter as our
major geographic markets showed signs of continued stability and
improvement. Our new resume search product, powered by our precision
6Sense™ technology, was successfully introduced to US customers in late
October. The proposed acquisition of HotJobs and the traffic agreement
with Yahoo! will allow Monster to add relevant job seekers efficiently
while significantly expanding our customer base. We are excited about
our progress in building Monster as we enter 2010 and are confident we
are well positioned to capture additional market share as the global
economy recovers.”

Fourth Quarter Results

Total revenue declined 27% to $213 million compared with $293 million,
on a pro-forma basis, in the comparable quarter of 2008. Monster
Worldwide generated 42% of its revenue outside the United States and
total revenue was positively impacted by approximately $8 million from
foreign exchange rates.

Total Careers revenue decreased 30% to $179 million. Careers-North
America generated revenue of $91 million compared with $135 million in
the prior year period, a 33% decline. Careers-International revenue
decreased 28% to $88 million compared to the prior year period. Internet
Advertising & Fees generated revenue of $34 million, a slight increase
over the $33 million reported in last year’s fourth quarter.

Consolidated operating expenses were $210 million, and the loss from
continuing operations was $2 million, or $0.02 per diluted share,
compared to income from continuing operations of $29 million, or $0.24
per diluted share, in last year’s fourth quarter. Foreign exchange rates
negatively impacted consolidated operating expenses by approximately $6
million.

Income from continuing operations for the quarter ended December 31,
2009 included pre-tax pro forma adjustments of $2.7 million, or $0.6
million net of tax. These pre-tax pro forma adjustments consist of the
following: a $6.1 million charge resulting from the settlement of
litigation and an other-than-temporary impairment relating to the
Company’s remaining auction rate securities; a $2.9 million charge
resulting from global staff consolidation; a $1.7 million charge related
to facilities consolidation; and an $8.0 million benefit associated with
payments from former officers as part of the litigation settlement
related to historical stock option grant practices. 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.

On a non-GAAP basis, Monster Worldwide recorded $213 million of
operating expenses. The loss from continuing operations was $1 million,
or $0.01 per diluted share, compared to income of $28 million, or $0.24
per diluted share, in the comparable prior year period.

Cash generated from operating activities was $33 million in the fourth
quarter of 2009. The Company’s overall net cash position increased $16
million during the quarter. Capital expenditures were $10 million, down
from $22 million in last year’s fourth quarter and $12 million in the
prior quarter of 2009.

Monster Worldwide’s deferred revenue balance at December 31, 2009 was
$306 million, compared with last year’s fourth quarter balance of $414
million, and $266 million reported for the third quarter of 2009.

Monster ended the fourth quarter of 2009 with total available liquidity
of $549 million, and net cash and securities of $250 million, compared
with net cash and securities of $234 million at the end of the 2009
third quarter.

Monster Enters into Agreement to
Acquire Yahoo! HotJobs and Enters Multi-Year Traffic Agreement with
Yahoo!

In a separate news release, Monster Worldwide announced that it has
entered into a definitive agreement with Yahoo! under which the Company
will acquire the assets of Yahoo! HotJobs, a leading online recruitment
website. Additionally, Monster and Yahoo! have entered into a multi-year
commercial traffic agreement, effective upon the closing of the
acquisition, in which Monster will become Yahoo!’s provider of career
and job content on the Yahoo! homepage in the United States and Canada.
The transaction combines Monster’s online career expertise and history
of innovation with Yahoo!’s vast network of traffic and provides
significant benefits to millions of job seekers and customers globally.

Full Year Results

Monster Worldwide reported total revenue of $905 million for the full
year ended December 31, 2009 compared to $1.3 billion last year, a 33%
decrease, or 29% excluding the impact of foreign exchange rates. Monster
Careers revenue declined to $773 million compared with $1.2 billion in
2008. Internet Advertising & Fees reported revenue of $133 million, a
slight increase over the $130 million reported in the prior year. The
Company reported income from continuing operations of $19 million, or
$0.16 per diluted share, compared to income from continuing operations
of $114 million, or $0.94 per diluted share in the prior year period.

Supplemental Financial Information

The Company has made available certain supplemental financial
information, in a separate document that can be accessed directly at: http://about-monster.com/sites/default/files/q409_supplement.pdf
or through the Company’s Investor Relations website at http://ir.monster.com.

Webcast Information

Fourth quarter 2009 results will be discussed on Monster Worldwide’s
quarterly conference call taking place on February 3, 2010 at 5:00 PM
ET. To join the conference call, please dial (877) 760-8985 at 4:50 PM
ET and reference conference ID# 52168293. For those outside the United
States, please dial (706) 758-9636 and reference the same conference
ID#. The call will begin promptly at 5:00 PM ET. Individuals can also
access Monster Worldwide’s quarterly conference call online through the
Investor Relations section of the Company’s website at http://ir.monster.com.
For a replay of the call, please dial (800) 642-1687 or outside the
United States dial (706) 645-9291 and reference ID #52168293. This
number is valid until midnight on Feb 10, 2009.

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.

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; realized and unrealized losses on available for
sale securities; 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.

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

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

Net cash and securities is defined as cash and cash equivalents plus
short-term and long-term marketable securities, less total debt. Total
available liquidity is defined as cash and cash equivalents, plus
short-term and long-term marketable securities plus unused borrowings
under our credit facility. The Company considers net cash and securities
and total available liquidity to be 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.

Special Note:Except for historical information
contained herein, the statements made in this release, constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934.Such forward-looking statements involve certain risks and
uncertainties, including statements regarding the Company’s strategic
direction, prospects and future results. Certain factors, including
factors outside of our control, may cause actual results to differ
materially from those contained in the forward-looking statements,
including economic and other conditions in the markets in which we
operate, risks associated with acquisitions or dispositions,
competition, 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.

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