Monster Worldwide Reports Fourth Quarter and Full Year 2010 Results

Q4 Bookings of $330 Million Increased 28% Year over Year; Deferred Revenue Improved to $376 Million, a 23% Year over Year Increase

Q4 GAAP Revenue of $255 Million Increased 20% Year over Year; Q4 Non-GAAP Revenue of $258 Million Increased 21% Year over Year; Total Careers Revenue of $226 Million Increased 26%

Q4 GAAP EPS Break-Even; Q4 Non-GAAP EPS of $0.06

2011 Bookings and Revenue Growth Expected to be in the Range of 20% - 25% Year over Year; 2011 Non-GAAP EPS Expected to be in the Range of $0.36 - $0.48

Q1 2011 Bookings and Revenue Growth Expected to be in the Range of 18% - 23% Year over Year; Q1 2011 Non-GAAP EPS Expected to be in the Range of $0.01 - $0.04

Monster Worldwide, Inc.
(NYSE:MWW) today reported financial results for the fourth quarter and
full year ended December 31, 2010.

Sal Iannuzzi, chairman, president and chief executive officer of
Monster Worldwide, said, Our focus in 2010 was dedicated to building
momentum across all geographies and within our major vertical markets.
Monster's differentiated suite of product offerings, combined with an
improved macro-economic environment, resulted in strong bookings growth
of 23% in 2010. Our unrivaled global reach, innovative solutions, and
search products powered by our patented 6Sense(R) technology will allow
us to win against all competitors in the market and to continue to gain
global market share in 2011. As such, we are reiterating our outlook of
20-25% bookings and revenue growth for 2011, and underscoring our
commitment to significantly improve the profitability profile of
Monster.

Fourth Quarter Results

Bookings, which represent the dollar value of contractual orders
received, and are considered by the Company to be a key indicator of
future revenues, increased 28% to $330 million compared to $259 million
reported in the fourth quarter of 2009. On a year over year basis,
currency translation had a $5 million negative impact on bookings in the
fourth quarter. Historical data on bookings for prior quarters is
available in the Company's supplemental financial information.

GAAP revenue of $255 million includes a $3.3 million purchase
accounting adjustment related to the HotJobs acquisition. Non-GAAP
revenue of $258 million increased 21% from revenue of $213 million in
the fourth quarter of 2009. On a year over year basis, currency
translation had a $3 million negative impact on non-GAAP revenue in the
fourth quarter.

Total Careers revenue on a non-GAAP basis was $226 million, an
increase of 26%, compared to $179 million in the fourth quarter of 2009.

Non-GAAP Careers-North America revenue was $124 million, an increase
of 37% compared to $91 million in the fourth quarter of 2009.
Careers-International revenue increased 15% to $102 million compared
with $88 million in the prior year period. Internet Advertising &
Fees revenue of $32 million decreased 4% compared to $34 million in the
fourth quarter of 2009.

Consolidated GAAP operating expenses were $253 million. Net income
was $501 thousand, or break-even, on a per share basis. This compares to
a net loss of $2 million, or $0.02 per share, in the fourth quarter of
2009.

Net income for the fourth quarter included a pre-tax adjustment of
$9.8 million, or $0.05 per share net of tax. These items consisted of a
$3.3 million reduction to revenue due to the purchase accounting
adjustment related to the acquisition of HotJobs and $6.6 million
primarily related to HotJobs transaction and integration costs. 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.

Monster Worldwide non-GAAP income was $7.1 million, or $0.06 per
share, which was negatively impacted by $1 million of currency
translation on a year over year basis. This compares to a non-GAAP loss
of $1.5 million, or $0.01 per share in the fourth quarter of 2009. On a
non-GAAP basis, operating expenses were $246 million or a 16% year over
year increase compared to $213 million in the fourth quarter of 2009.
The majority of the increase in operating expenses was due to the
acquisition of HotJobs.

Cash and cash equivalents were $163 million as of December 31, 2010
compared to $275 million last year. The decline in cash and cash
equivalents was primarily attributable to the completion of the HotJobs
acquisition.

Monster Worldwide's deferred revenue balance as of December 31, 2010
was $376 million compared to $313 million reported as of September 30,
2010 and $306 million as of December 31, 2009. On a year over year
basis, currency translation had a $5 million negative impact on the
deferred revenue balance.

Full Year Results

Monster Worldwide reported GAAP revenue of $914 million for the full
year ended December 31, 2010, an increase over the $905 million reported
last year. Monster Careers revenue increased to $783 million compared
to $773 million in 2009. Internet Advertising & Fees reported
revenue of $131 million, a decrease compared to $133 million reported in
the prior year. The Company reported a GAAP net loss of $32 million, or
$0.27 per share, compared to net income of $19 million, or $0.16 per
share, in the prior year period.

Monster Worldwide reported non-GAAP revenue of $919 million for the
full year ended December 31, 2010, an increase over the $907 million
reported last year. Monster Careers non-GAAP revenue increased to $788
million compared to $775 million in 2009. The Company reported a
non-GAAP net loss of $9 million, or $0.07 per share, compared to
non-GAAP net income of $4 million, or $0.03 per share, in the prior year
period.

Guidance

The Company offered the following business outlook based on
current available information and expectations as of January 27, 2011,
exclusive of any future acquisitions or dispositions.

Special Note:The statements in this release
that are not strictly historical, including, without limitation,
statements regarding the Company's strategic direction, prospects and
future results, 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 and, therefore, actual results
may differ materially from what is expressed or implied herein and no
assurance can be given that the Company will achieve, among other
things, its outlook with respect tobookings, revenue or earningsper
share for the first fiscal quarter of 2011 or the full 2011 fiscal
year. Factors that could cause results to differ materially from those
expressed or implied by such forward-looking statements include, but are
not limited to, 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.Many
of the factors that will determine the Company's future results are
beyond the ability of management to control or predict. Readers should
not place undue reliance on the forward-looking statements in this
release as they reflect management's views only as of the date hereof.
The Company undertakes no obligation to revise or update any of the
forward-looking statements contained in this release or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise.

Conference Call and Webcast

Fourth quarter 2010 results will be discussed on Monster Worldwide's
quarterly conference call taking place on January 27, 2011 at 5:00 PM
ET. A live webcast of the conference call can be accessed online through
the Investor Relations section of the Company's website at ir.monster.com. To join the conference call by telephone, please dial (888) 696-1396 or (706) 758-9636 and reference conference ID# 38489849.

A presentation of financial slides will be referenced during the
conference call and will be viewable through the live webcast. A PDF of
the financial presentation can also be accessed directly at about-monster.com/sites/onrec/directory/files/Q42010earningslidefinalpdf.pdf or through the Company's Investor Relations website at http://ir.monster.com.

The Company has also made available certain supplemental financial information which can be accessed directly at about-monster.com/sites/onrec/directory/files/q410financialsupplement.pdf or through the Company's Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (800) 642-1687 or
(706) 645-9291 and reference ID# 38489849. This number is valid until
midnight on February 3, 2011.

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, net-income or loss and diluted earnings per share all exclude
certain pro forma adjustments including: net costs associated with the
Company's historical stock option grant practices; the strategic
restructuring actions initiated in the third quarter of 2007; severance
charges related to the targeted global headcount reduction; 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 and HotJobs; realized and
unrealized gains and losses on marketable securities; acquisition and
integration-related costs associated with the acquisition of HotJobs;
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.

Earnings before interest, taxes, depreciation and amortization
(EBITDA) is defined as net income or loss before interest income or
expense, income tax expense or benefit, net gain or loss in equity
interests, depreciation and amortization and non-cash compensation
expense. The Company considers EBITDA to be an important indicator of
its operational strength which the Company believes is useful to
management and investors in evaluating its operating performance. EBITDA
is a non-GAAP measure and may not be comparable to similarly titled
measures reported by other companies.

Operating income before depreciation and amortization (OIBDA) is
defined as net income or loss 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.

Bookings represent the dollar value of contractual orders received in the relevant period.

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.

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