Profile: Monster Worldwide Inc (MWW)
7 Mar 2014
Monster Worldwide, Inc. (Monster Worldwide), incorporated in 1996, is parent company of Monster, the global online employment solution. With a presence in approximately 55 countries globally, including key markets in North America, Europe, South America and the Asia-Pacific region, Monster offers online recruiting solutions. Through online media sites and services, Monster Worldwide delivers audiences to advertisers. It operates in three segments: Careers-North America, Careers-International, and Internet Advertising & Fees. In December 2013, the Company announced that it has completed the sale of 49.9 % of JobKorea, Monster's South Korean operation and the career Website. In February 2014, Monster Worldwide Inc completed the acquisition of TalentBin, Inc and Gozaik LLC.
Careers (North America and International)
Monster is the global online employment solution. During the year ended December 31, 2011, the Company earned 45% of its total revenue outside of the United States. With a local presence in markets in North America, Europe, South America and Asia, Monster works by connecting employers with job seekers at all levels and by providing searchable jobs and career management resources online. Its services and solutions include searchable job postings, resume database access, recruitment media solutions throughout its network and other career-related content. Job seekers can search its job postings and post their resumes on each of its career Websites. Employers and human resources companies pay to advertise jobs, search its resume database, and utilize career site hosting and other services, such as recruitment media. As of December 31, 2010, it had alliances with media and publishing companies, including approximately 1,000 newspapers, which extends its presence with local and regional job seekers in various markets across the United States.
Internet Advertising & Fees
The Company’s Internet Advertising & Fees segment provides consumers with content, services and offerings, which help them manage the development and direction of their current and future careers, while providing employers, educators and marketers with media-driven solutions. Revenue for the Internet Advertising & Fees segment is derived from two types of services: display advertising and lead generation. Display advertising opportunities have been integrated across the Monster Worldwide network of Websites, allowing marketers to deliver targeted online advertising messages through a range of sizes and formats. Consumers come to Monster’s Websites for information and advice on how to manage critical life transitions, and this environment is seen by marketers as desirable for the promotion of products and services. Lead generation is a direct response business, in which marketers pay for connections to consumers whose demographics match the requirements of specific business offerings and who request information about the offerings.
Monster Worldwide Inc
39th Floor, 622 Third Avenue
NEW YORK NY 10017