Monster’s Revenues Fall 12 Percent; Shares Reach Lowest Level Ever

August 14, 2012 – Monster Worldwide, Inc./(NYSE:MWW) has posted revenues of $237 million for the second quarter ended June 30, 2012, compared with $270 million in the comparable quarter of 2011, a 12 percent decline. Shares of Monster plunged to their lowest point ever after the release of its Q2 numbers. Global Careers revenue of $217 million compared to second quarter $236 million, a year over year decline of eight percent. The company posted net income of $4.8 million, or 4 cents per share, in the April-June quarter, down 56 percent from $11 million, or 9 cents per share, in the same quarter last year. Sal Iannuzzi, chairman, president and CEO of Monster Worldwide, said: “During the quarter, we continued to execute our strategy and are gratified by the increasing customer acceptance of our advanced technologies. This resulted in double-digit year over year bookings growth in North America and helped to buffer weakness in Europe and Asia. As a result of our restructuring announced earlier in the year, we were able to improve profitability sequentially while increase marketing efforts designed to accelerate adoption of our new products.”