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--Mid-Atlantic region sees highest monthly gain, while West South Central slips to a three-month low

The Monster Employment Index edged up one point in October, indicating a mild pick-up in online recruitment activity at the onset of the fourth quarter. Year--on-year the index is now down 20 percent which is the most moderate annual rate of decline since October 2008.

The Monster Employment Index is a monthly gauge of U.S. online job demand based on a real-time review of millions of employer job opportunities culled from a large representative selection of corporate career Web sites and job boards, including Monster.com(R).

During October, online job availability rose in seven of the Index's 20 industry sectors and in 10 of the 23 occupational categories monitored. Index results for the past 13 months are as follows:

Oct.   Sep.   Aug.   Jul.   Jun.   May.   Apr.   Mar.   Feb.   Jan.   Dec.   Nov.   Oct.
09     09     09     09     09     09     09     09     09     09     08     08     08
120    119    121    114    117    118    120    118    122    118    131    143    150

"The rise in the October Index, along with an improvement in the annual rate, indicate a mild expansion in the underlying employer demand for workers," said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. "While the decline in consumer confidence has likely contributed to reduced job demand in the retail and hospitality sectors, employers are actively recruiting in the healthcare and public sectors, resulting in stability of the overall Index."

Healthcare and Social Assistance Registers Largest Monthly Gain in Online Job Demand in October

Online job demand in the health care and social assistance industry registered the highest rate of increase in October amid strong job posting growth among both practitioners/technical and support occupations. The public administration sector also noted a jump in recruiting activity, while mining, quarrying and oil and gas extraction; manufacturing; and utilities experienced modest gains in October.

In contrast, the retail sales industry experienced an uncharacteristic dip for the second consecutive month in October, indicating sluggish seasonal hiring among retailers for this year's holiday period. Arts/entertainment; accommodation and food services; and real estate also edged lower on the month.

Agriculture, forestry, fishing and hunting is the only industry category showing greater online job availability compared to a year ago.

Healthcare Practitioners and Technical Occupations See Greatest Increase in Online Job Availability in October

Amid rising needs for health services, healthcare practitioners and technical; and healthcare support occupations registered increases in October, indicating a bounce-back in demand for health services workers following reduced demand in the previous two quarters.

Demand for protective service occupations also rose in October, while community and social services; and military specific edged higher contributing to the growth of the public administration industry as a whole.

Meanwhile, opportunities in the food preparation and serving category fell, indicating that the hospitality industry maybe pessimistic about end-of-year conditions.

On an annual basis, farming, fishing and forestry remains the only occupational category to exhibit greater demand than a year ago.

Online Job Availability Increases in Eight of Nine U.S. Census Bureau Regions in October

Online job demand increased in all U.S. Census Bureau regions except West South Central in October. Mid-Atlantic registered the highest monthly increase since December 2008, mainly due to the rise in online job availability in Pennsylvania.

Year-over-year, East South Central and South Atlantic experienced the most modest rate of decline unlike Pacific, where recruitment activity slowed considerably.

Five of the Top 28 Major U.S. Metro Markets Register Increases in October; 8 Remain Flat

During October, online recruitment activity increased in eight of the 28 U.S. metro areas monitored by the Index, with Baltimore, Cincinnati and Detroit registering the largest gains. Baltimore edged up in October due to increase in demand for life, physical, and social science occupations as well as solid hiring trends in the military specific category, while the rise in Cincinnati was led by increased demand in the business and financial operations category.

Meanwhile, Boston and Washington, D.C. declined, following two months of growth due to reduced demand in the education, training and library sector.

On a year-over-year basis, Tampa and Sacramento saw the most moderate rate of decline, while Philadelphia and Cincinnati continue to show the steepest declines.

To obtain a full copy of the Monster Employment Index report for October 2009, and to access current individual data charts for each of the 28 metro markets tracked, please visit http://about-monster.com/employment-index. Data for the month of November 2009 will be released on December 3, 2009.

About the Monster Employment Index

Launched in April 2004 with data collected since October 2003, the Monster Employment Index is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. All of the data and findings in the Monster Employment Index have been validated for their accuracy through independent, third party auditing conducted periodically by Research America, Inc. The audit validates the accuracy of the online job recruitment activity measured within a margin of error of +/- 1.05%.

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 bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, 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. More information about Monster Worldwide is available at http://about-monster.com/.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: 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 Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

SOURCE: The Monster Employment Index

Monster Worldwide 
General Information: 
Deepika Murty, 978-461-8765 
Deepika.Murty@monster.com 
or 
Media Inquiries: 
Steve Sylven, 978-461-8503 
Steve.Sylven@monster.com

--Net Cash and Securities of $234 Million

--Company Generates $12 Million in Cash Flow from Operations

Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for the third quarter ended September 30, 2009.

Third Quarter Results

Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, "While the overall global recruitment market remains challenging, we have continued to move aggressively during the downturn to invest and innovate. We are extremely excited about the upcoming launch of our next generation search and match products which represent industry leading innovation. The early response we have received from both customers and seekers has been overwhelmingly positive and extremely encouraging. These new products, together with enhanced seeker tools introduced earlier this year, have allowed us to remain the industry leader while improving our value proposition to employers and job seekers."

Mr. Iannuzzi added, "We maintained strict financial discipline during the third quarter while preserving our financial strength. We will continue to make decisions based on the longer term benefit to our customers and shareholders and we are greatly encouraged by our progress."

Total revenue was $215 million, compared with $332 million in the comparable quarter of 2008, a 35% decline. Monster Worldwide generated 42% of its revenue outside the United States and total revenue was negatively impacted by $7.4 million from unfavorable foreign exchange rates. Revenue was impacted by lower global demand for recruitment advertising services.

Careers non-GAAP revenue decreased 39% to $180 million. Careers North America generated revenue of $95 million compared with $155 million in the prior year period, a 39% decline. Careers International non-GAAP revenue was $85 million, a 40% decline over the prior year period. Internet Advertising & Fees generated revenue of $35 million, essentially flat over the $35 million reported in last year's third quarter.

Consolidated operating expenses were $212 million, and income from continuing operations was approximately $33 million, or $0.27 per diluted share, compared to income from continuing operations of $43 million, or $0.36 per diluted share, in the comparable 2008 period. Third quarter results include a net non-cash benefit of $32 million relating to the reversal of an income tax liability for uncertain tax positions. Foreign exchange rates negatively impacted consolidated operating income by approximately $0.5 million.

Non-GAAP income from continuing operations for the quarter ended September 30, 2009 excludes the $32 million benefit from the income tax adjustment and a $0.9 million net benefit resulting from pre-tax pro forma adjustments of:

-- $1.8 million in charges primarily due to facilities consolidation,

-- $5.9 million in severance charges primarily from the elimination of certain product and technology positions in various global locations and consolidation to the company's new Cambridge, Massachusetts facility,

-- a $0.6 million revenue reduction due to the purchase accounting adjustment for ChinaHR, offset by

-- an aggregate benefit of $7.3 million representing the reversal of previous accruals related to legal settlements (inclusive of the ERISA (401k Plan) class action settlement).

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 generated revenue of $215 million and $211 million of operating expenses. In last year's third quarter, revenue was $332 million and operating expenses were $262 million. Income from continuing operations was $1.7 million, or $0.01 per diluted share, compared to $48 million, or $0.40 per diluted share, in the comparable prior year period.

Monster ended the third quarter of 2009 with total available liquidity of $532 million, and net cash and securities of $234 million, compared with net cash and securities of $235 million at the end of the 2009 second quarter.

During the quarter, Monster Worldwide paid back a total of $47 million of debt and currently has $50 million of outstanding debt on the balance sheet. Cash generated from operating activities was $12 million compared to $14 million used in the 2009 second quarter.

Capital expenditures were $12 million, down from $21 million in last year's third quarter. Approximately $76 million of auction rate securities are classified as a long-term asset on the consolidated balance sheet, and are included in the net cash and securities balance as of September 30, 2009.

Monster Worldwide's deferred revenue balance at September 30, 2009 was $266 million, compared with last year's third quarter balance of $412 million, and $290 million reported for the second quarter of 2009.

Nine Months Results

Monster Worldwide reported total revenue of $692 million for the nine months ended September 30, 2009 compared to $1.05 billion in the comparable period last year, a 34% decrease, or 30% excluding the impact of foreign exchange rates. Monster Careers revenue declined to $593 million compared with $955 million in the 2008 period. Internet Advertising & Fees reported revenue of $99 million, a slight increase over the $98 million reported in the prior year period. The Company reported income from continuing operations of $21 million, or $0.17 per diluted share, compared to income from continuing operations of $85 million, or $0.70 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://www.about-monster.com/q309supplement.pdf or through the Company's Investor Relations website at http://ir.monster.com.

Webcast Information

Third quarter 2009 results will be discussed on a webcast taking place on October 29, 2009 at 8:30 AM EDT. The webcast can be accessed online through the Investor Relations section of the Company's website at http://ir.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.

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 product and technology global reorganization; the fair value adjustment to deferred revenue in connection with the acquisition of ChinaHR; 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, ongoing costs associated with the Company's historical stock option grant practices, costs associated with the restructuring and security breach, 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 in this release by reference.

MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
                                                                  Three Months Ended September 30,       Nine Months Ended September 30,
                                                                  2009               2008                2009               2008
Revenue                                                           $    214,533       $    332,189        $    691,993       $    1,052,955
Salaries and related                                                   112,833            136,506             348,702            412,833
Office and general                                                     59,841             71,834              181,816            221,091
Marketing and promotion                                                45,757             57,684              164,401            238,514
(Reversal of) Provision for legal settlements, net                     (6,850  )          -                   (6,850  )          40,100
Restructuring and other special charges                                -                  3,592               16,105             13,251
Total operating expenses                                               211,581            269,616             704,174            925,789
Operating income (loss)                                                2,952              62,573              (12,181 )          127,166
Interest and other, net                                                (48     )          5,283               1,231              15,723
Income (loss) from continuing operations before income taxes and       2,904              67,856              (10,950 )          142,889
equity interests
(Benefit from) Provision for Income Taxes                              (30,891 )          22,734              (35,463 )          50,030
Loss in equity interests, net                                          (1,044  )          (2,086  )           (3,473  )          (7,500    )
Income from continuing operations                                      32,751             43,036              21,040             85,359
(Loss) income from discontinued operations, net of tax                 -                  (258    )           -                  10,840
Net income                                                        $    32,751        $    42,778         $    21,040        $    96,199
Basic earnings per share:
Income from continuing operations                                 $    0.27          $    0.36           $    0.18          $    0.70
Income from discontinued operations, net of tax                        -                  -                   -                  0.09
Basic earnings per share                                          $    0.27          $    0.36           $    0.18          $    0.79
Diluted earnings per share:
Income from continuing operations                                 $    0.27          $    0.36           $    0.17          $    0.70
Income from discontinued operations, net of tax                        -                  -                   -                  0.09
Diluted earnings per share                                        $    0.27          $    0.35           $    0.17          $    0.79
Weighted average shares outstanding:
Basic                                                                  119,473            120,057             119,206            121,213
Diluted                                                                121,676            120,722             120,853            121,884
Operating income before depreciation and amortization:
Operating income (loss)                                           $    2,952         $    62,573         $    (12,181 )     $    127,166
Depreciation and amortization of intangibles                           17,419             14,710              50,684             40,503
Amortization of stock-based compensation                               10,081             7,602               30,349             21,468
Restructuring non-cash expenses                                        -                  924                 4,723              3,933
Operating income before depreciation and amortization  $   30,452   $   85,809    $   73,575   $   193,070
*Earnings per share may not add in certain periods due to
rounding.

MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
                                                                       Nine Months Ended September 30,
                                                                       2009              2008
Cash flows provided by operating activities:
Net income                                                             $     21,040      $     96,199
Adjustments to reconcile net income to net cash provided by
operating activities:
(Income) from discontinued operations, net of tax                            -                 (10,840  )
Depreciation and amortization                                                50,684            40,503
(Reversal of) Provision for legal settlements, net                           (6,850   )        40,100
Provision for doubtful accounts                                              8,566             11,174
Non-cash compensation                                                        30,349            22,630
Deferred income taxes                                                        5,739             (7,142   )
Non-cash restructuring write-offs, accelerated amortization and loss         4,744             3,009
on disposal of assets
Loss in equity interests, net                                                3,473             7,500
Changes in assets and liabilities, net of business combinations:
Accounts receivable                                                          127,523           131,891
Prepaid and other                                                            856               21,620
Deferred revenue                                                             (152,688 )        (112,567 )
Accounts payable, accrued liabilities and other                              (81,468  )        (4,924   )
Receipts for legal settlements, net                                          -                 5,700
Net cash used for operating activities of discontinued operations            -                 (4,091   )
Total adjustments                                                            (9,072   )        144,563
Net cash provided by operating activities                                    11,968            240,762
Cash flows (used for) provided by investing activities:
Capital expenditures                                                         (38,664  )        (71,224  )
Cash funded to equity investee                                               (4,953   )        (5,000   )
Purchase of marketable securities                                            (7,476   )        (182,147 )
Sales and maturities of marketable securities                                3,317             502,305
Payments for acquisitions and intangible assets, net of cash acquired        (300     )        (126,195 )
Dividends received from unconsolidated investee                              763               1,011
Net cash (used for) provided by investing activities                         (47,313  )        118,750
Cash flows (used for) provided by financing activities:
Proceeds from borrowings on credit facilities                                199,203           247,000
Payments for borrowings on credit facilities                                 (256,196 )        (156     )
Proceeds on borrowings on term loan                                          50,000            -
Repurchase of common stock                                                   (4,304   )        (128,133 )
Proceeds from exercise of employee stock options                             55                1,156
Excess tax benefits from equity compensation plans                           12                981
Net cash (used for) provided by financing activities                         (11,230  )        120,848
Effects of exchange rates on cash                                            11,792            (4,980   )
Net (decrease) increase in cash and cash equivalents                         (34,783  )        475,380
Cash and cash equivalents, beginning of period                               222,260           129,744
Cash and cash equivalents, end of period                               $     187,477     $     605,124
Free cash flow:
Net cash provided by operating activities                              $     11,968      $     240,762
Less: Capital expenditures                                                   (38,664  )        (71,224  )
Free cash flow                                                         $     (26,696  )  $     169,538

MONSTER WORLDWIDE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Assets:                                                           September 30, 2009   December 31, 2008
Cash and cash equivalents                                         $         187,477    $        222,260
Marketable securities, current                                              20,482              1,425
Accounts receivable, net                                                    243,033             376,720
Marketable securities, non-current                                          75,953              90,347
Property and equipment, net                                                 150,963             161,282
Goodwill and intangibles, net                                               976,124             946,881
Other assets                                                                120,200             117,675
Total assets                                                      $         1,774,232  $        1,916,590
Liabilities and Stockholders' equity:
Accounts payable, accrued expenses and other current liabilities  $         204,402    $        254,425
Deferred revenue                                                            265,573             414,312
Current portion of long-term debt and borrowings under credit               5,017               54,971
facilities
Non-current income taxes payable                                            82,963              119,951
Long-term debt                                                              45,000              -
Other long-term liabilities                                                 36,394              25,658
Total liabilities                                                           639,349             869,317
Stockholders' equity                                                        1,134,883           1,047,273
Total liabilities and stockholders' equity                        $         1,774,232  $        1,916,590

MONSTER WORLDWIDE, INC.
UNAUDITED OPERATING SEGMENT INFORMATION
(in thousands)
Three Months Ended September 30, 2009   Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
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      %
Three Months Ended September 30, 2008   Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue                                 $    155,165        $    142,441        $   34,583                         $ 332,189
Operating income                             43,120              30,230             4,726        $   (15,503 )       62,573
OIBDA                                        52,516              39,060             7,425            (13,192 )       85,809
Operating margin                             27.8    %           21.2    %          13.7   %                         18.8      %
OIBDA margin                                 33.8    %           27.4    %          21.5   %                         25.8      %
Nine Months Ended September 30, 2009    Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue                                 $    316,187        $    277,000        $   98,806                         $ 691,993
Operating (loss) income                      17,804              (4,871  )          13,574       $   (38,688 )       (12,181   )
OIBDA                                        51,240              27,289             22,550           (27,504 )       73,575
Operating margin                             5.6     %           -1.8    %          13.7   %                         -1.8      %
OIBDA margin                                 16.2    %           9.9     %          22.8   %                         10.6      %
Nine Months Ended September 30, 2008    Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue                                 $    502,983        $    452,386        $   97,586                         $ 1,052,955
Operating income                             141,230             71,789             7,951        $   (93,804 )       127,166
OIBDA                                        167,754             96,083             15,725           (86,492 )       193,070
Operating margin                             28.1    %           15.9    %          8.1    %                         12.1      %
OIBDA margin                                 33.4    %           21.2    %          16.1   %                         18.3      %

                      MONSTER WORLDWIDE, INC.
                      UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS
                      (in thousands, except per share amounts)
                                                                          Three Months Ended September 30, 2009                         Three Months Ended September 30, 2008
                                                                          As Reported       Proforma Adjustments        Non-GAAP        As Reported         Proforma Adjustments      Non-GAAP
Revenue                                                                   $   214,533       $      552            a     $  215,085      $   332,189         $      -                  $  332,189
                      Salaries and related                                    112,833              (5,907  )      e        106,926          136,506                -                     136,506
                      Office and general                                      59,841               (1,333  )      b, f     58,508           71,834                 (3,875  )      b      67,959
                      Marketing and promotion                                 45,757               -                       45,757           57,684                 -                     57,684
                      (Reversal of) Provision for legal settlements, net      (6,850  )            6,850          c        -                -                      -                     -
                      Restructuring and other special charges                 -                    -                       -                3,592                  (3,592  )      d      -
                      Total operating expenses                                211,581              (390    )               211,191          269,616                (7,467  )             262,149
Operating income                                                              2,952                942                     3,894            62,573                 7,467                 70,040
                      Operating margin                                        1.4     %                                    1.8     %        18.8      %                                  21.1      %
                      Interest and other, net                                 (48     )            -                       (48     )        5,283                  -                     5,283
Income from continuing operations before income taxes and equity              2,904                942                     3,846            67,856                 7,467                 75,323
interests
                      (Benefit from) Provision for Income Taxes               (30,891 )            31,994         g, h     1,103            22,734                 2,502          g      25,236
                      Losses in equity interests, net                         (1,044  )            -                       (1,044  )        (2,086    )            -                     (2,086    )
Income from continuing operations                                         $   32,751        $      (31,052 )            $  1,699        $   43,036          $      4,965              $  48,001
Diluted earnings per share from continuing operations *                   $   0.27          $      (0.26   )            $  0.01         $   0.36            $      0.04               $  0.40
Weighted average shares outstanding:
                      Diluted                                                 121,676              121,676                 121,676          120,722                120,722               120,722
                                                                          Nine Months Ended September 30, 2009                          Nine Months Ended September 30, 2008
                                                                          As Reported       Proforma Adjustments        Non-GAAP        As Reported         Proforma Adjustments      Non-GAAP
Revenue                                                                   $   691,993       $      2,271          a     $  694,264      $   1,052,955              -                  $  1,052,955
                      Salaries and related                                    348,702              (5,907  )      e        342,795          412,833                93             b      412,926
                      Office and general                                      181,816              (6,598  )      b, f     175,218          221,091                (11,658 )      b      209,433
                      Marketing and promotion                                 164,401              -                       164,401          238,514                -                     238,514
                      (Reversal of) Provision for legal settlements, net      (6,850  )            6,850          c        -                40,100                 (40,100 )      c      -
                      Restructuring and other special charges                 16,105               (16,105 )      d        -                13,251                 (13,251 )      d      -
                      Total operating expenses                                704,174              (21,760 )               682,414          925,789                (64,916 )             860,873
Operating (loss) income                                                       (12,181 )            24,031                  11,850           127,166                64,916                192,082
                      Operating margin                                        -1.8    %                                    1.7     %        12.1      %                                  18.2      %
                      Interest and other, net                                 1,231                -                       1,231            15,723                 -                     15,723
Loss (income) from continuing operations before income taxes and              (10,950 )            24,031                  13,081           142,889                64,916                207,805
equity interests
                      (Benefit from) Provision for Income Taxes               (35,463 )            39,502         g, h     4,039            50,030                 22,729         g      72,759
                      Losses in equity interests, net                         (3,473  )            -                       (3,473  )        (7,500    )            -                     (7,500    )
Income from continuing operations                                         $   21,040        $      (15,471 )            $  5,569        $   85,359          $      42,187             $  127,546
Diluted earnings per share from continuing operations *                   $   0.17          $      (0.13   )            $  0.05         $   0.70            $      0.35               $  1.05
Weighted average shares outstanding:
                      Diluted                                                 120,853              120,853                 120,853          121,884                121,884               121,884

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 our acquisition of China HR.
          b                       Costs associated with the ongoing investigation into the Company's
                                  historical stock option granting practices, net of reimbursements as
                                  well as costs associated with the security breach incurred in 2008.
          c                       Provision for costs associated with the proposed legal settlements
                                  related to the stock option litigation, net of recoveries.
          d                       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.
          e                       Severance charges primarily related to the reorganization of the
                                  Product & Technology groups on a global basis.
          f                       Charges related to the consolidation of certain facilities primarily
                                  resulting from the reorganization of the Product and Technology
                                  groups.
          g                       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.
          h                       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)
Three Months Ended September 30, 2009   Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue - GAAP                          $    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       %
Three Months Ended September 30, 2008   Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue                                 $    155,165        $    142,441        $   34,583                         $ 332,189
Operating income - GAAP                 $    43,120         $    30,230         $   4,726        $   (15,503 )     $ 62,573
Proforma Adjustments                         651                 2,237              251              4,328           7,467
Operating income - Non GAAP             $    43,771         $    32,467         $   4,977        $   (11,175 )     $ 70,040
Operating margin - GAAP                      27.8    %           21.2    %          13.7   %                         18.8      %
Operating margin - Non GAAP                  28.2    %           22.8    %          14.4   %                         21.1      %
Nine Months Ended September 30, 2009    Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue - GAAP                          $    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 (loss) income - 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       %
Nine Months Ended September 30, 2008    Careers -           Careers -           Internet         Corporate         Total
                                        North America       International       Advertising      Expenses
                                                                                & Fees
Revenue                                 $    502,983        $    452,386        $   97,586                         $ 1,052,955
Operating income - GAAP                 $    141,230        $    71,789         $   7,951        $   (93,804 )     $ 127,166
Proforma Adjustments                         4,831               6,939              1,411            51,735          64,916
Operating income - Non GAAP             $    146,061        $    78,728         $   9,362        $   (42,069 )     $ 192,082
Operating margin - GAAP                      28.1    %           15.9    %          8.1    %                         12.1      %
Operating margin - Non GAAP                  29.0    %           17.4    %          9.6    %                         18.2      %

SOURCE: Monster Worldwide, Inc.

Monster Worldwide, Inc. 
Investors: 
Robert Jones, (212) 351-7032 
Robert.Jones@monsterworldwide.com 
or 
Media: 
Steve Sylven, (978) 461-8503 
Steve.Sylven@monster.com