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Monster third quarter turnover increases by 43% - 12/2000

Stickiest career site

Monster.com has reported another record-breaking quarter. Total gains in commissions, fees and net income jumped 43% to $339.2 million for the third quarter ended September 30 - up from $236.6 million for the same period a year ago. They were once again led by the continued strong growth of Monster.com, the flagship product of the TMP Interactive division.

Total Internet commissions and fees for TMP Interactive were $117.4 million for the third quarter ended September 30, a 192% organic increase over 1999's third quarter total and a 27% sequential increase over the $92.3 million for this year's second quarter. Monster.com also posted an operating profit of $18.9 million on its commissions and fees of $97.1 million, for a 20% operating margin in the third quarter ended September 30.

According to Media Metrix, in September 2000, Monster.com had more than 4.4 million unique visitors, accounting for 5.7% of all Internet users. In addition, Monster.com's total number of registered job seeker accounts surpassed 10 million in the quarter, and Media Metrix ranked Monster.com as the 82nd most visited site on the Internet. Additionally, according to independent research conducted by Nielsen Net Ratings, Monster.com was the ''stickiest'' career site, outpacing its competitors with an average time spent per person of nearly 25 minutes in September 2000.

Jeff Taylor, CEO of TMP Interactive, said, ''Monster's success can be attributed to its high quality and reputation for providing lifetime career management solutions. In the past several months, Monster was named number 440 of America's top 2,000 brands by Brandweek and was noted as one of the top five most recognised Internet brands by a Greenfield survey.î

www.monster.com