Monster Worldwide Reports Second Quarter and Six Months 2008 Results

Revenue Increases 9% to $354 Million; Operating Efficiencies Drive
Year Over Year Non-GAAP Operating Margin Expansion to 22.1%

Diluted Earnings Per Share From Continuing Operations of $0.15,
Impacted by $47 million of Pro Forma Expenses

Significant Progress Made Towards Resolution of Class Action and
Derivative Lawsuits Relating to Historical Stock Option Grant
Practices

Non-GAAP Diluted Earnings Per Share From Continuing Operations
Increases to $0.40 From $0.32 in Prior Period

Careers International Revenue Grows 34% as Non-GAAP Operating
Margin More Than Doubles, Reaching 21.3%

Cash Flow From Operations of $71 Million

Company Enhances Search and Match Technology With Strategic
Acquisition
NEW YORK--(Business Wire)--
Monster Worldwide, Inc. (NASDAQ:MNST) today reported financial
results for the second quarter ended June 30, 2008.

Second Quarter Results

Total revenue grew 9% to $354 million, from $324 million in the
comparable quarter of 2007. Consolidated revenue excludes any revenue
contribution from the Tickle business, which was recorded as a
discontinued operation in the second quarter. Excluding the impact of
foreign exchange rates, total revenue grew 4% over the prior year
period.

Monster Careers revenue increased 10% to $321 million, compared
with $291 million in last year's second quarter. Careers International
revenue, which now accounts for 44% of consolidated revenue, grew 34%
over the prior year period, or 23% excluding the benefits of currency,
to $157 million. North American Careers revenue was $164 million
compared with $174 million in last year's second quarter. Internet
Advertising & Fees revenue was $33 million, up slightly over last
year's comparable quarter. Historical results of the Internet
Advertising & Fees segment have been restated for all periods to
reflect the wind-down of Tickle.

Monster Worldwide's deferred revenue balance at June 30, 2008 grew
4% to $470 million over last year's second quarter balance of $452
million. Excluding the effect of foreign currency benefits, deferred
revenue was flat compared to the prior year period.

Consolidated operating expenses were $323 million and income from
continuing operations was $19 million, or $0.15 per diluted share in
the second quarter of 2008, compared to $29 million or $0.22 per
diluted share in the comparable 2007 period. The effect of foreign
exchange rates benefited consolidated operating income by
approximately $4 million, compared to approximately $0.5 million in
the second quarter of 2007.

Included in operating results is $47 million of pre-tax, pro forma
expenses, or $0.25 per diluted share. The Company recorded $44 million
related to its historical stock option grant practices, of which the
great majority is associated with the proposed settlements of
outstanding lawsuits against the Company, as described below. The
Company also incurred $3 million of costs related to its restructuring
plan. These pro forma adjustments are described in the "Notes
Regarding the Use of Non-GAAP Financial Measures" and are reconciled
to the nearest GAAP measure in the accompanying tables. Excluding
these costs, consolidated operating expenses were $276 million and
income from continuing operations in the second quarter of 2008 was
$49 million, or $0.40 per diluted share, compared to $43 million, or
$0.32 per diluted share, in the prior year.

At June 30, 2008, the Company had $533 million of cash, cash
equivalents and available for sale securities compared with $499
million at March 31, 2008. Approximately $99 million of auction rate
securities are classified as a long-term asset on the consolidated
balance sheet, and are included in the cash and securities balance as
of June 30, 2008. Cash generated from operating activities was $71
million in the second quarter of 2008 compared to $53 million
generated in the prior year period. Capital expenditures were $30
million and increased 91% over the prior year period, reflecting the
Company's increased investments in technology and infrastructure.

Sal Iannuzzi, Chairman, President and Chief Executive Officer of
Monster Worldwide, said, "Despite lower demand due to the economic
slowdown, we were pleased with the margin expansion and strong
earnings growth posted in the second quarter. During the quarter, we
devoted significant resources and made substantial progress in the
areas of product innovation, customer service initiatives and sales
force expansion to enhance our industry leading global position. At
the same time, we accomplished a key corporate objective by slowing
the growth rate of Non-GAAP operating expenses, and bringing costs in
line with revenue."

Legal Settlements

In a separate news release today, the Company announced that on
July 30, 2008, it entered into a Memorandum of Understanding with the
class action representative and the individual defendants setting
forth the settlement terms of the shareholder securities class action
pending in the United States District Court for the Southern District
of New York relating to the Company's historical stock option granting
practices. The Memorandum of Understanding provides for a settlement
of the shareholder securities class action at a net cost to the
Company of approximately $25 million. The parties will enter into a
formal Settlement Agreement incorporating the terms of the Memorandum
of Understanding in the near future and thereafter seek Court
approval.

Additionally, the Company announced that on July 28, 2008, the New
York State Supreme Court gave preliminary approval to the settlement
of the New York State and Federal court derivative lawsuits, the terms
of which were previously announced. A final hearing to approve the
settlement will be held on October 2, 2008. Commenting on these legal
settlements, Mr. Iannuzzi added, "We are extremely gratified by these
developments, look forward to the resolution of the remaining actions
relating to the Company's historical stock option granting practices
as quickly as possible and are eager to focus our energies on the
continued evolution of the Company."

Trovix, Inc. Acquisition

Additionally, the Company announced separately that it has
acquired Trovix, Inc., a leading provider of employment products and
services using intelligent search technologies, for $72.5 million in
cash. The implementation of Trovix's technology will enable Monster to
provide employers and job seekers with innovative search capabilities
that will simplify the recruiting process by providing highly relevant
and targeted matches.

Six Months Results

Monster Worldwide reported total revenue of $721 million for the
six months ended June 30, 2008 compared to $646 million in the
comparable period last year, a 12% increase, or 7% before the benefit
of foreign exchange rates. Monster Careers revenue grew 13% to $658
million compared with $582 million in the 2007 period. Internet
Advertising & Fees reported revenue of $63 million, a decrease of 2%
over the prior year period. The Company reported income from
continuing operations of $42 million, or $0.35 per diluted share,
compared to $70 million or $0.53 per diluted share in the prior year
period.

Mr. Iannuzzi concluded, "We anticipate that we will continue to
operate in a difficult environment in the near-term. However, we are
committed to investing in critical areas that will provide a superior
job seeker experience, and deliver the best products and services to
our employers. We are increasingly optimistic about our long-term
growth prospects and believe that our ongoing investments and recent
developments with respect to the resolution of some of our key
outstanding litigation will benefit our customers, shareholders and
associates now and in the future."

Supplemental Financial Information

The Company has made available certain supplemental financial
information, in a separate document that can be accessed directly at
http://corporate.monster.com/Q208.pdf or through the Company's
Investor Relations website at http://ir.monster.com.

Conference Call Information

Second quarter 2008 results will be discussed on Monster
Worldwide's quarterly conference call taking place on July 31, 2008 at
5:00 PM EDT. To join the conference call, please dial (888) 551-5973
at 4:50 PM EDT and reference conference ID# 54799235. For those
outside the United States, please dial (706) 643-3467 and reference
the same conference ID#. The call will begin promptly at 5:00 PM EDT.
Individuals can also access Monster Worldwide's quarterly conference
call online through the Investor Relations section of the Company's
website at http://ir.monster.com. For a replay of the call, please
dial (800) 642-1687 or outside the United States dial (706) 645-9291
and reference ID #54799235. This number is valid until midnight on
August 6, 2008.

About Monster Worldwide

Monster Worldwide, Inc. (NASDAQ: MNST), 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, 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 and the NASDAQ 100. To
learn more about Monster's industry-leading products and services,
visit www.monster.com.

Notes Regarding the Use of Non-GAAP Financial Measures

Monster Worldwide, Inc. (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 operating expenses, operating income, operating margin,
income from continuing operations and diluted earnings per share all
exclude certain pro forma adjustments including: ongoing costs
associated with the stock option investigations, 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; and the strategic restructuring actions
initiated in the third quarter of 2007. 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.

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 stock option investigations and
lawsuits, 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.

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*T

MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)

Three Months Ended Six Months Ended
June 30, June 30,
------------------- -------------------
2008 2007 2008 2007
--------- --------- --------- ---------

Revenue $354,294 $323,985 $720,766 $645,815
------------------------------ --------- --------- --------- ---------

Salaries and related 135,879 144,955 276,327 266,319
Office and general 75,358 62,619 149,257 130,623
Marketing and promotion 68,976 73,568 180,830 146,077
Provision for legal
settlements, net 40,100 - 40,100 -
Restructuring and other
special charges 2,732 - 9,659 -
------------------------------ --------- --------- --------- ---------
Total operating expenses 323,045 281,142 656,173 543,019
------------------------------ --------- --------- --------- ---------

Operating income 31,249 42,843 64,593 102,796

Interest and other, net 3,057 6,903 10,440 12,316
------------------------------ --------- --------- --------- ---------

Income from continuing
operations before income
taxes and equity interests 34,306 49,746 75,033 115,112

Income taxes 12,153 17,587 27,296 40,677
Loss in equity interests, net (3,592) (2,966) (5,414) (4,386)
------------------------------ --------- --------- --------- ---------

Income from continuing
operations 18,561 29,193 42,323 70,049

Income (loss) from
discontinued operations, net
of tax 12,269 (577) 11,098 (1,951)
------------------------------ --------- --------- --------- ---------

Net income $ 30,830 $ 28,616 $ 53,421 $ 68,098
============================== ========= ========= ========= =========

Basic earnings per share:

Income from continuing
operations $ 0.15 $ 0.22 $ 0.35 $ 0.54
Income (loss) from
discontinued operations, net
of tax 0.10 - 0.09 (0.01)
------------------------------ --------- --------- --------- ---------
Basic earnings per share* $ 0.26 $ 0.22 $ 0.44 $ 0.52
============================== ========= ========= ========= =========

Diluted earnings per share:

Income from continuing
operations $ 0.15 $ 0.22 $ 0.35 $ 0.53
Income (loss) from
discontinued operations, net
of tax 0.10 - 0.09 (0.01)
------------------------------ --------- --------- --------- ---------
Diluted earnings per share* $ 0.25 $ 0.21 $ 0.44 $ 0.51
============================== ========= ========= ========= =========

*Earnings per share may not add in certain periods due to rounding.

Weighted average shares
outstanding:

Basic 120,885 130,542 121,798 130,268
============================== ========= ========= ========= =========

Diluted 121,541 133,121 122,552 133,324
============================== ========= ========= ========= =========

Operating income before
depreciation and
amortization:

Operating income $ 31,249 $ 42,843 $ 64,593 $102,796
Depreciation and amortization
of intangibles 13,604 10,763 25,793 20,017
Amortization of stock based
compensation 8,533 17,116 13,866 21,478
Restructuring non-cash
expenses 923 - 3,009 -
------------------------------ --------- --------- --------- ---------

Operating income before
depreciation and amortization $ 54,309 $ 70,722 $107,261 $144,291
============================== ========= ========= ========= =========
*T

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MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Six Months Ended June
30,
---------------------
2008 2007
---------- ----------
Cash flows provided by operating activities:
Net income $ 53,421 $ 68,098
------------------------------------------------ ---------- ----------
Adjustments to reconcile net income to net cash
provided by operating activities:
(Income) loss from discontinued operations,
net of tax (11,098) 1,951
Depreciation and amortization of intangibles 25,793 20,017
Provision for legal settlements, net 40,100 -
Provision for doubtful accounts 6,771 5,113
Non-cash compensation 15,028 21,478
Deferred income taxes (19,582) (5,505)
Loss (gain) on disposal of assets 2,085 (572)
Loss in equity interests and other 5,414 4,386
Changes in assets and liabilities, net of
business combinations:
Accounts receivable 82,660 20,366
Prepaid and other 19,098 (4,204)
Deferred revenue (53,923) 8,051
Accounts payable, accrued liabilities and
other (13,597) (1,787)
Net cash used for operating activities of
discontinued operations (3,129) (5,232)
------------------------------------------------ ---------- ----------
Total adjustments 95,620 64,062
------------------------------------------------ ---------- ----------
Net cash provided by operating activities 149,041 132,160
------------------------------------------------ ---------- ----------

Cash flows provided by (used for) investing
activities:
Capital expenditures (50,213) (36,964)
Purchase of marketable securities (156,882) (682,586)
Sales and maturities of marketable
securities 436,305 589,565
Payments for acquisitions and intangible
assets, net of cash acquired (61,567) (1,806)
Cash funded to equity investee (5,000) (4,100)
Dividends received from unconsolidated
investee 1,011 -
Net cash used for investing activities of
discontinued operations - (250)
------------------------------------------------ ---------- ----------
Net cash provided by (used for) investing
activities 163,654 (136,141)
------------------------------------------------ ---------- ----------

Cash flows (used for) provided by financing
activities:
Repurchase of common stock (86,327) (10,042)
Proceeds from exercise of employee stock
options 1,046 53,401
Excess tax benefits from equity compensation
plans 120 12,343
Payments on debt obligations (147) -
Payments on acquisition debt - (21,862)
------------------------------------------------ ---------- ----------
Net cash (used for) provided by financing
activities (85,308) 33,840
------------------------------------------------ ---------- ----------

Effects of exchange rates on cash 8,323 2,000

Net increase in cash and cash equivalents 235,710 31,859
Cash and cash equivalents, beginning of period 129,744 58,680
------------------------------------------------ ---------- ----------
Cash and cash equivalents, end of period $ 365,454 $ 90,539
================================================ ========== ==========

Free cash flow:

Net cash provided by operating activities $ 149,041 $ 132,160
Less: Capital expenditures (50,213) (36,964)
------------------------------------------------ ---------- ----------
Free cash flow $ 98,828 $ 95,196
================================================ ========== ==========
*T

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MONSTER WORLDWIDE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

Assets: June 30, December 31,
2008 2007
----------- ------------

Cash and cash equivalents $ 365,454 $ 129,744
Available-for-sale securities, current 68,579 448,703
Accounts receivable, net 410,427 499,854
Available-for-sale securities, non - current 99,330 -
Property and equipment, net 149,048 123,397
Goodwill and intangibles, net 722,857 650,685
Other assets 236,014 210,696
Total assets of discontinued operations - 14,731
-------------------------------------------- ----------- ------------
Total assets $2,051,709 $2,077,810
============================================ =========== ============

Liabilities and Stockholders' equity:

Accounts payable, accrued expenses and other $ 321,077 $ 304,146
Deferred revenue 470,408 524,331
Non-current income taxes payable 119,360 111,108
Other liabilities 17,323 17,033
Debt 268 415
Total liabilities of discontinued operations - 4,276
-------------------------------------------- ----------- ------------
Total liabilities 928,436 961,309
-------------------------------------------- ----------- ------------

Stockholders' equity 1,123,273 1,116,501

-------------------------------------------- ----------- ------------
Total liabilities and stockholders' equity $2,051,709 $2,077,810
============================================ =========== ============
*T

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MONSTER WORLDWIDE, INC.
UNAUDITED OPERATING SEGMENT INFORMATION
(in thousands)

Three Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2008 America International & Fees Expenses Total
-------------- --------- ------------- ----------- --------- ---------

Revenue $164,280 $156,673 $33,341 $354,294
Operating
income 58,409 31,916 4,656 $(63,732) 31,249
OIBDA 67,636 40,361 7,508 (61,196) 54,309

Operating
margin 35.6% 20.4% 14.0% 8.8%
OIBDA margin 41.2% 25.8% 22.5% 15.3%

Three Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2007 America International & Fees Expenses Total
-------------- --------- ------------- ----------- --------- ---------

Revenue $174,481 $116,845 $32,659 $323,985
Operating
income 54,579 12,055 5,679 $(29,470) 42,843
OIBDA 60,845 17,362 7,438 (14,923) 70,722

Operating
margin 31.3% 10.3% 17.4% 13.2%
OIBDA margin 34.9% 14.9% 22.8% 21.8%

Six Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2008 America International & Fees Expenses Total
-------------- --------- ------------- ----------- --------- ---------

Revenue $347,818 $309,945 $63,003 $720,766
Operating
income 98,110 41,559 3,225 $(78,301) 64,593
OIBDA 115,238 57,023 8,300 (73,300) 107,261

Operating
margin 28.2% 13.4% 5.1% 9.0%
OIBDA margin 33.1% 18.4% 13.2% 14.9%

Six Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2007 America International & Fees Expenses Total
-------------- --------- ------------- ----------- --------- ---------

Revenue $358,498 $223,051 $64,266 $645,815
Operating
income 120,457 20,016 11,741 $(49,418) 102,796
OIBDA 131,995 29,956 14,908 (32,568) 144,291

Operating
margin 33.6% 9.0% 18.3% 15.9%
OIBDA margin 36.8% 13.4% 23.2% 22.3%
*T

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MONSTER WORLDWIDE, INC.
UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS
(in thousands, except per share amounts)

For the Three Months Ended June
30, 2008
---------------------------------
As Proforma
Reported Adjustments Non-GAAP
--------- ------------ ---------

Revenue $354,294 - $354,294

Salaries and related 135,879 - 135,879
Office and general 75,358 (4,256) a 71,102
Marketing and promotion 68,976 - 68,976
Provision for legal settlements,
net 40,100 (40,100) b -
Restructuring and other special
charges 2,732 (2,732) c -
--------- ------------ ---------
Total operating expenses 323,045 (47,088) 275,957
--------- ------------ ---------
Operating income 31,249 47,088 78,337
Operating margin 8.8% 22.1%

Interest and other, net 3,057 - 3,057
--------- ------------ ---------

Income from continuing operations
before income taxes and equity
interests 34,306 47,088 81,394

Income taxes 12,153 16,681 d 28,834
Losses in equity interests, net (3,592) - (3,592)
--------- ------------ ---------
Income from continuing operations $ 18,561 $ 30,407 $ 48,968
========= ============ =========

Diluted earnings per share from
continuing operations $ 0.15 $ 0.25 $ 0.40
========= ============ =========

Weighted average shares outstanding:
Diluted 121,541 121,541 121,541

Six Months Ended June 30, 2008
---------------------------------
As Proforma
Reported Adjustments Non-GAAP
--------- ------------ ---------

Revenue $720,766 - $720,766

Salaries and related 276,327 93 a 276,420
Office and general 149,257 (7,783) a 141,474
Marketing and promotion 180,830 - 180,830
Provision for legal settlements,
net 40,100 (40,100) b -
Restructuring and other special
charges 9,659 (9,659) c -
--------- ------------ ---------
Total operating expenses 656,173 (57,449) 598,724
--------- ------------ ---------
Operating income 64,593 57,449 122,042
Operating margin 9.0% 16.9%

Interest and other, net 10,440 - 10,440
--------- ------------ ---------

Income from continuing operations
before income taxes and equity
interests 75,033 57,449 132,482

Income taxes 27,296 20,899 d 48,195
Losses in equity interests, net (5,414) - (5,414)
--------- ------------ ---------
Income from continuing operations $ 42,323 $ 36,550 $ 78,873
========= ============ =========

Diluted earnings per share from
continuing operations * $ 0.35 $ 0.30 $ 0.64
========= ============ =========

Weighted average shares outstanding:
Diluted 122,552 122,552 122,552

For the Three Months Ended June
30, 2007
---------------------------------
As Proforma
Reported Adjustments Non-GAAP
--------- ------------ ---------

Revenue $323,985 - $323,985

Salaries and related 144,955 (16,142) a 128,813
Office and general 62,619 (5,000) a 57,619
Marketing and promotion 73,568 - 73,568
Provision for legal settlements,
net - - -
Restructuring and other special
charges - - -
--------- ------------ ---------
Total operating expenses 281,142 (21,142) 260,000
--------- ------------ ---------
Operating income 42,843 21,142 63,985
Operating margin 13.2% 19.7%

Interest and other, net 6,903 - 6,903
--------- ------------ ---------

Income from continuing operations
before income taxes and equity
interests 49,746 21,142 70,888

Income taxes 17,587 7,474 d 25,061
Losses in equity interests, net (2,966) (2,966)
--------- ------------ ---------
Income from continuing operations $ 29,193 $ 13,668 $ 42,861
========= ============ =========

Diluted earnings per share from
continuing operations $ 0.22 $ 0.10 $ 0.32
========= ============ =========

Weighted average shares outstanding:
Diluted 133,121 133,121 133,121

Six Months Ended June 30, 2007
---------------------------------
As Proforma
Reported Adjustments Non-GAAP
--------- ------------ ---------

Revenue $645,815 - $645,815

Salaries and related 266,319 (16,142) a 250,177
Office and general 130,623 (14,827) a 115,796
Marketing and promotion 146,077 - 146,077
Provision for legal settlements,
net - - -
Restructuring and other special
charges - - -
--------- ------------ ---------
Total operating expenses 543,019 (30,969) 512,050
--------- ------------ ---------
Operating income 102,796 30,969 133,765
Operating margin 15.9% 20.7%

Interest and other, net 12,316 - 12,316
--------- ------------ ---------

Income from continuing operations
before income taxes and equity
interests 115,112 30,969 146,081

Income taxes 40,677 10,943 d 51,620
Losses in equity interests, net (4,386) - (4,386)
--------- ------------ ---------
Income from continuing operations $ 70,049 $ 20,026 $ 90,075
========= ============ =========

Diluted earnings per share from
continuing operations * $ 0.53 $ 0.15 $ 0.68
========= ============ =========

Weighted average shares outstanding:
Diluted 133,324 133,324 133,324

Note Regarding ProForma Adjustments:
ProForma adjustments consist of the following:
a Costs associated with the ongoing investigation into the Company's
historical stock option granting practices, and costs associated
with the remediation of a security breach related to the Company's
resume database in August 2007.

b Provision for costs associated with the proposed and anticipated
legal settlements related to the stock option litigation, net of
recoveries.

c Restructuring related charges pertain 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.

d 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
interest.

*Diluted earnings per share may not add in certain periods due to
rounding.
*T

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MONSTER WORLDWIDE, INC.
UNAUDITED NON-GAAP OPERATING SEGMENT INFORMATION
(in thousands)

Three Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2008 America International & Fees Expenses Total
------------ --------- -------------- ------------ --------- ---------

Revenue $164,280 $ 156,673 $33,341 $354,294
Operating
income -
GAAP $ 58,409 $ 31,916 $ 4,656 $(63,732) $ 31,249
Proforma
Adjustments 926 1,400 338 44,424 47,088
--------- -------------- ------------ --------- ---------
Operating
income -
Non GAAP $ 59,335 $ 33,316 $ 4,994 $(19,308) $ 78,337
========= ============== ============ ========= =========

Operating
margin -
GAAP 35.6% 20.4% 14.0% 8.8%
Operating
margin -
Non GAAP 36.1% 21.3% 15.0% 22.1%

Three Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2007 America International & Fees Expenses Total
------------ --------- -------------- ------------ --------- ---------

Revenue $174,481 $ 116,845 $32,659 $323,985
Operating
income -
GAAP $ 54,579 $ 12,055 $ 5,679 $(29,470) $ 42,843
Proforma
Adjustments 450 - - 20,692 21,142
--------- -------------- ------------ --------- ---------
Operating
income -
Non GAAP $ 55,029 $ 12,055 $ 5,679 $ (8,778) $ 63,985
========= ============== ============ ========= =========

Operating
margin -
GAAP 31.3% 10.3% 17.4% 13.2%
Operating
margin -
Non GAAP 31.5% 10.3% 17.4% 19.7%

Six Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2008 America International & Fees Expenses Total
------------ --------- -------------- ------------ --------- ---------

Revenue $347,818 $ 309,945 $63,003 $720,766
Operating
income -
GAAP $ 98,110 $ 41,559 $ 3,225 $(78,301) $ 64,593
Proforma
Adjustments 4,180 4,702 1,160 47,407 57,449
--------- -------------- ------------ --------- ---------
Operating
income -
Non GAAP $102,290 $ 46,261 $ 4,385 $(30,894) $122,042
========= ============== ============ ========= =========

Operating
margin -
GAAP 28.2% 13.4% 5.1% 9.0%
Operating
margin -
Non GAAP 29.4% 14.9% 7.0% 16.9%

Six Months Careers - Internet
Ended June North Careers - Advertising Corporate
30, 2007 America International & Fees Expenses Total
------------ --------- -------------- ------------ --------- ---------

Revenue $358,498 $ 223,051 $64,266 $645,815
Operating
income -
GAAP $120,457 $ 20,016 $11,741 $(49,418) $102,796
Proforma
Adjustments 450 - - 30,519 30,969
--------- -------------- ------------ --------- ---------
Operating
income -
Non GAAP $120,907 $ 20,016 $11,741 $(18,899) $133,765
========= ============== ============ ========= =========

Operating
margin -
GAAP 33.6% 9.0% 18.3% 15.9%
Operating
margin -
Non GAAP 33.7% 9.0% 18.3% 20.7%
*T

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

Copyright Business Wire 2008