Monster Worldwide Reports Fourth Quarter and Full Year 2006 Results

- International Revenue Growth of 63% Drives Consolidated Revenue up 33% to $299 Million

- Diluted Earnings Per Share from Continuing Operations Increases 41% to $0.31

- Free Cash Flow of $213 Million for 2006 Lifts Net Cash Balance to $573 Million

- Monster Worldwide, Inc. today reported financial results for the fourth quarter and year ended December 31, 2006.

Our strong fourth quarter and full-year operating performance demonstrate the power of the Monster brand and our ability to grow market share profitably across the globe. Our outstanding financial results reflect continued significant revenue growth and improved profitability from our International Careers operations and solid contributions from both Careers North America and our Internet Advertising and Fees business, said William Pastore, President and Chief Executive Officer of Monster Worldwide. We have made progress addressing the Companyís historical stock option issues, and we remain focused on serving Monsterís consumers, customers, employees and shareholders. We accomplished several significant corporate milestones in 2006 as revenue surpassed the $1 billion mark; our International segment achieved higher levels of profitability as the year progressed; and the Internet Advertising and Fees segment emerged as a diversified growth opportunity. Looking ahead, we are optimistic about the global markets we serve and believe we are poised to build on our industry-leading position.

Fourth Quarter 2006 Financial Results
Monster Worldwide revenue grew 33% overall and 29% organically to $298.6 million in the 2006 fourth quarter from $223.8 million in the comparable quarter of 2005.

Monster Careers revenue increased 34% to $258.3 million, compared to $193.0 million in the fourth quarter of 2005, driven by revenue growth of 22% in North America to $168.3 million and 63% in International to $89.9 million. Internet Advertising and Fees revenue grew 31% to $40.4 million.

Monster Worldwideís deferred revenue balance at December 31, 2006 was $444.1 million, representing a 36% increase from last yearís fourth quarter balance of $327.4 million.

Income from continuing operations was $40.2 million while diluted earnings per share from continuing operations were $0.31 in the fourth quarter of 2006. Income from continuing operations was negatively impacted by a previously announced charge of $5.0 million to compensate former employees for the value of stock options that expired during the period that the Companyís equity compensation plans were suspended. In addition, during the fourth quarter of 2006, the Company recorded $8.6 million in professional fees related to the stock option investigations, which were approximately $2.8 million higher than anticipated.

At December 31, 2006, the Companyís net cash position was $572.9 million compared with $548.4 million at September 30, 2006. Cash generated from operating activities was $44.8 million compared to $60.9 million in the fourth quarter of 2005. Free cash flow was $27.6 million versus $33.8 million in the comparable quarter of the prior year. Federal income tax payments, professional fees related to the stock option investigations, and higher capital expenditures contributed to lower free cash flow in the fourth quarter of 2006.

Full Year 2006 Results
Monster Worldwide reported total revenue of $1.12 billion for the year ended December 31, 2006 compared to $818.3 million in 2005, a 36% increase. Monster Careers revenue grew 36% to $964.3 million compared with $708.7 million in 2005, driven by revenue growth of 26% in North America to $658.1 million and 64% in International to $306.3 million. Internet Advertising and Fees reported revenue of $152.3 million, an increase of 39% over the prior year. For the year ended December 31, 2006, Monster Worldwide reported income from continuing operations of $153.6 million, or $1.17 per diluted share compared with $90.4 million, or $0.72 per diluted share in 2005.

Free cash flow for the year was $213.2 million compared to $173.3 million in 2005. The Company generated $268.8 million of cash from operating activities in 2006, an increase of 21% over the $221.6 million in 2005.

For the full year, Monster Worldwide recorded $13.3 million of professional fees related to the investigations into the Companyís historical stock option practices, in addition to the $5.0 million charge in the fourth quarter, to compensate former employees for the value of stock options that expired during the period that the Companyís equity compensation plans were suspended.

Recent Company Developments

Monster Worldwide Adds Independent Board Member
In December, Philip R. Lochner, Jr. was appointed as the ninth member and seventh independent director of Monster Worldwideís Board of Directors. Mr. Lochner previously served as a Commissioner at the Securities and Exchange Commission and Senior Vice President and Chief Administrative Officer of Time Warner Inc. He currently serves on the Boards of Directors of: Adelphia Communications Corporation, Apria Healthcare Group Inc., CLARCOR Inc., CMS Energy Corporation, Crane Co. and Solutia Inc.

Media Alliances Update
Monster Worldwide has continued to focus on driving local market growth through strategic newspaper alliances. During the fourth quarter the Company announced strategic newspaper alliances with Freedom Communications, Inc.; Times Publishing Company, owner of the St. Petersburg Times; North Jersey Media Group, owner of The Record (Bergen, NJ); Oahu Publications, Inc., owner of the Honolulu Star-Bulletin; Wilkes-Barre Publishing Company, Inc., owner of the Times Leader (Wilkes-Barre, PA); and Beacon Journal Publishing, Inc., owner of The Akron Beacon Journal. To date, Monster has forged relationships with seven media companies that represent 45 daily newspapers, with a print circulation of over 2 million people.

Monster Enhances Site Functionality
In North America, Monster.com announced several website enhancements, and introduced new search functionality to further empower job seekers and produce more quality matches between employers and job seekers. Monster is the first leading career site to give job seekers an opportunity to compare themselves with other candidates who applied for the same position through www.monster.com. The site now enables users to easily track employer activity and application status, while providing a newly structured, personalized career advice section. Monster also became the first leading career site to accept payment by PayPal, a leading global online payment method that enables customers to pay for items using their bank accounts or credit cards- without sharing their financial information with recipients.

Monster Expands HR Alliance Program
Monster added six companies to its roster of HR Alliance Program members, bringing total membership to 18 organizations and expanding the programís scope to include two new categories to further broaden the distribution of Monster products and services. The expansion of Monsterís HR Alliance program underscores Monsterís commitment to providing customers with a variety of integrated recruitment solutions aimed at enhancing their overall efficiencies and operational processes. The new relationships establish Monster in the job wrapping and applicant tracking system (ATS) consultant categories.

Business Outlook
As we look ahead to 2007, we are encouraged and anticipate continued global growth in revenue, profitability and cash generation. At the same time, we are committed to investing in product innovation and technology that will enhance the Monster user experience and support sustainable long-term growth in shareholder value, said Lanny Baker, Monster Worldwideís Chief Financial Officer. As the investigations of the Companyís historical stock option practices transition from an internal review to external investigations by government agencies of the conduct of former employees, and the defense of shareholder lawsuits, our ability to forecast the timing and amount of future stock option-related legal and other potential fees and expenses is limited. As a result of the increased difficulty in forecasting these costs with any certainty, the business outlook we are providing for 2007 includes only selected financial statement line items, none of which include any legal or other fees or expenses related to the ongoing stock option investigations and related shareholder lawsuits.

The Operating Expenses included in the Companyís outlook ranges are non-GAAP financial measures within the meaning of Regulation G as promulgated by the Securities and Exchange Commission because they do not include legal costs and expenses that the Company will incur as a result of its historical stock option granting practices. Because the Company cannot reasonably estimate or predict these costs and expenses, the Company cannot calculate the most directly comparable GAAP measure of Operating Expenses that would include such legal costs and expenses. Therefore, the Company cannot reconcile the non-GAAP measure to the most directly comparable GAAP measure. While the amount of the legal costs and expenses associated with the Companyís historical stock option granting practices is likely to be material, the Company believes that such costs and expenses are of limited significance to an evaluation of the Companyís business fundamentals, since such costs and expenses bear little relation to the Companyís core business or operating prospects.

The preceding forward-looking statements regarding our business outlook reflect Monster Worldwideís expectations as of February 1, 2007. These expectations do not include the effect of any future acquisitions or dispositions, costs associated with the ongoing investigations and litigation relating to past stock option grants (including the likely professional fees and other costs, potential fines or settlements, and excise or other tax liabilities), or factors outside of our control, which may have an impact on future financial results and are subject to the Special Note regarding forward-looking statements elsewhere in this release.

Supplemental Financial Information
The Company has made available certain supplemental financial information, in a separate document that can be accessed directly at www.monsterworldwide.com/Q406.pdf or through the Companyís Investor Relations website at http://ir.monsterworldwide.com.

Conference Call Information
Fourth quarter 2006 results will be discussed on Monster Worldwideís quarterly conference call taking place on February 1, 2007 at 10:00 AM EDT. To join the conference call, please dial in on 1-888-551-5973 at 9:50 AM EDT and reference conference ID#: 5847883. For those outside the United States, please call in on (706) 643-3467 and reference the same conference ID#. The call will begin promptly at 10:00 AM EDT. Individuals can also access Monster Worldwideís quarterly conference call online through the Investor Relations section of the Companyís website at www.monsterworldwide.com. For a replay of the call, please dial (800) 642-1687 or for outside the United States dial (706) 645-9291 and reference ID # 5847883. This number is valid until midnight on February 8, 2007.