Monster Reports 11 Percent Revenue Decline; Sells Stake of JobKorea

November 14, 2013 – Monster Worldwide, Inc./(NYSE:MWW) posted revenues of $197 million for the third quarter ended September 30, 2013, an 11 percent drop compared with $221.7 million in the comparable quarter of 2012. For the third quarter, Monster recorded earnings of $11.3 million, or 11 cents per share, compared with a loss of $194.2 million, or $1.73 per share, a year ago. “Our third quarter results were encouraging as we experienced stability in North America, protected profitability and continued executing on several important initiatives to enhance future growth,” said Sal Iannuzzi, chairman, president and CEO of Monster. “The stabilization we experienced in North America in the second quarter continued and we are cautiously optimistic that this positive momentum will result in sequential revenue growth in North America in the fourth quarter of 2013.” Separately, Monster agreed to sell a 49.9 percent stake in JobKorea to Asian private equity firm H&Q Korea for $90 million. The company is also expanding its relationship with joint venture partner Alma Media, a media company in Finland.

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