8-1-13 7:30 AM EDT | Email Article

Monster Worldwide, Inc. (NYSE: MWW) today reported financial results for the second quarter ended June 30, 2013.

“We are aggressively pursuing the execution of our business strategy and are also developing a number of new strategies to better position the Company for sustained, long term revenue growth in the evolving job market. Over 200 million people have registered on the Monster Worldwide network and we continue to drive quality job applies to our customers,” said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide. “While the global economy has continued to put pressure on our business, with Europe being our weakest region, we were encouraged to see some stabilizing trends in each of our major markets during the quarter. Our second quarter results demonstrate our ability to control costs and protect profitability, even in a challenging market environment. And consistent with our objective to enhance shareholder returns, we successfully repurchased $23 million worth of our shares.”

Second Quarter 2013 Results

Revenue from continuing operations was $200 million, compared to second quarter 2012 revenue of $225 million. Historical data on revenue from continuing operations for prior quarters is available in the Company’s supplemental financial information.

Consolidated GAAP operating expenses from continuing operations of $192 million compares to $210 million in the second quarter 2012. Net income from continuing operations for the second quarter was $4.1 million, or $0.04 per share, which included $5.4 million of non-recurring charges, compared to $9.0 million, or $0.08 per share in the second quarter 2012, which included $1.9 million of non-recurring charges.

Non-GAAP net income from continuing operations was $9.6 million or $0.09 per share, compared to $10.9 million, or $0.10 per share in the second quarter 2012. Non-GAAP operating expenses of $183.6 million decreased 11% year over year. Non-GAAP EBITDA margin of 19%, led by Careers-North America with a 28% Non-GAAP EBITDA margin, increased from 18% in the second quarter of 2012. Pro-forma items are described in the "Notes Regarding the Use of Non-GAAP Financial Measures" and are reconciled to the GAAP measure in the accompanying tables.

Net cash provided by operating activities in the quarter was $15.4 million and is net of approximately $10 million cash costs associated with the Company’s restructuring efforts. Deferred revenue was $329 million compared to $352 million as of December 31, 2012. The Company ended the quarter with total available liquidity of $258 million.

Share Repurchase

During the second quarter 2013, Monster repurchased 4.4 million shares of its common stock at an average cost of $5.35 per share, for a total of $23 million.

Corporate Restructuring

The Company’s corporate restructuring initiatives were substantially completed in the second quarter and the desired savings have been achieved.

Six Months Results

Monster Worldwide reported total revenue of $412 million for the first six months ended June 30, 2013 compared to $458 million in the same period last year, a 10% decrease. Monster Careers revenue decreased 10% to $375 million compared with $419 million in the 2012 period. Internet Advertising & Fees reported revenue of $37 million compared to $39 million in the prior year period. The Company reported earnings from continuing operations of $15.3 million, or $0.14 per share, compared to $22.4 million, or $0.19 per share, in the prior period.

Company Provides Q3 EPS Guidance

Third quarter 2013 EPS from continuing operations is expected to be in the range of $0.06 to $0.10.

Conference Call and Webcast

Second quarter 2013 results will be discussed on Monster Worldwide’s quarterly conference call on August 1, 2013 at 8:30 AM ET. A live webcast of the conference call can be accessed online through the Investor Relations section of the Company’s website at http://ir.monster.com. To join the conference call by telephone, please dial (888) 696-1396 or (706) 758-9636 and reference conference ID# 97827231.

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 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 through the Company’s Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (855) 859-2056 or (404) 537-3406 and reference ID# 97827231. This number is valid until midnight on August 15, 2013.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully connecting job opportunities and people. Monster uses the world's most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally. For more information visit about.monster.com.

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 to earningsper share for the third quarter 2013. 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.

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 from continuing operations, operating margin, net income from continuing operations, net (loss) income from discontinued operations, and diluted earnings (loss) per share all exclude certain pro-forma adjustments including: costs incurred for the 2012 restructurings; recovery of restitution award from former executive; costs incurred related to the Company’s review of strategic alternatives; income tax benefits associated with the reversal of income tax reserves on uncertain tax positions and a tax benefit related to certain losses arising from the Company’s restructuring program; and the results of the businesses in Careers – China, Latin America and Turkey as they have been classified as discontinued operations. 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, non-cash compensation expense and non-cash restructuring costs. 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.

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 are defined as cash and cash equivalents plus short-term marketable securities, less total debt. Total available liquidity is defined as cash and cash equivalents, plus short-term marketable securities plus unused borrowings under our credit facilities. 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.

               
 
 
MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
 
 
Three Months Ended June 30,Six Months Ended June 30,
2013201220132012
 
Revenue$200,058   $224,577   $412,044   $458,327  
 
Salaries and related 89,467 99,812 187,042 212,124
Office and general 52,262 57,945 103,394 110,453
Marketing and promotion 43,394 51,426 92,661 100,724
Restructuring and other special charges 6,828 1,015 19,995 25,283
Recovery of restitution award from former executive   -     -     -     (5,350 )
Total operating expenses   191,951     210,198     403,092     443,234  
 
Operating income8,10714,3798,95215,093
 
Interest and other, net   (1,357 )   (1,189 )   (2,625 )   (2,652 )
 
Income before income taxes and loss in equity interests 6,750 13,190 6,327 12,441
 
Provision for (benefit from) income taxes 2,366 3,930 (9,633 ) (10,374 )
Loss in equity interests, net   (245 )   (255 )   (703 )   (455 )
 
Income from continuing operations4,1399,00515,25722,360
 
Loss from discontinued operations, net of tax   (759 )   (4,203 )   (6,893 )   (13,816 )
 
Net income$3,380   $4,802   $8,364   $8,544  
 
*Basic earnings per share:
 
Income from continuing operations $ 0.04 $ 0.08 $ 0.14 $ 0.20
Loss from discontinued operations, net of tax   (0.01 )   (0.04 )   (0.06 )   (0.12 )
Basic earnings per share$0.03   $0.04   $0.08   $0.07  
 
*Diluted earnings per share:
 
Income from continuing operations $ 0.04 $ 0.08 $ 0.14 $ 0.19
Loss from discontinued operations, net of tax   (0.01 )   (0.04 )   (0.06 )   (0.12 )
Diluted earnings per share$0.03   $0.04   $0.07   $0.07  
 
 
Weighted average shares outstanding:
 
Basic   110,932     112,937     111,166     114,568  
 
Diluted   111,937     114,038     112,419     115,825  
 
 
 
Operating income before depreciation, amortization, and non-cash restructuring:
 
Operating income $ 8,107 $ 14,379 $ 8,952 $ 15,093
Depreciation and amortization of intangibles 15,725 15,952 31,829 31,817
Amortization of stock-based compensation 5,470 7,254 12,264 15,506
Restructuring non-cash expenses   4,540     34     5,315     6,417  
 
Operating income before depreciation, amortization, and non-cash restructuring$33,842   $37,619   $58,360   $68,833  
 
*Earnings per share may not add in certain periods due to rounding.
 
 
       
 
MONSTER WORLDWIDE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
 
Six Months Ended
20132012
Cash flows provided by operating activities:
Net income $8,364   $8,544  
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 31,829 34,963
Provision for doubtful accounts 1,432 1,354
Non-cash compensation 12,264 15,753
Deferred income taxes (2,607 ) (7,000 )
Non-cash restructuring charges 5,315 6,417
Loss in equity interests, net 703 455
Amounts reclassified from accumulated other comprehensive income (23,109 ) -
Tax benefit from change in uncertain tax positions (12,869 ) -
Excess income tax benefit from stock based compensation (2,044 ) -
Changes in assets and liabilities, net of acquisitions:
Accounts receivable 28,641 5,339
Prepaid and other 15,555 (5,096 )
Deferred revenue (31,242 ) (3,771 )
Accounts payable, accrued liabilities and other   (25,466 )   (28,842 )
Total adjustments   (1,598 )   19,572  
Net cash provided by operating activities   6,766     28,116  
 
Cash flows used for investing activities:
Capital expenditures (18,388 ) (33,251 )
Cash funded to and dividends received from equity investee and other   139     (51 )
Net cash used for investing activities   (18,249)   (33,302)
 
Cash flows used for financing activities:
Proceeds from borrowings on credit facilities 17,500 193,355
Payments on borrowings on credit facilities (39,799 ) (271,516 )
Proceeds from borrowings on term loan - 100,000
Payments on borrowings on term loan (3,125 ) (41,250 )
Repurchase of common stock (23,378 ) (58,912 )
Tax withholdings related to net share settlements of restricted stock awards and units (4,987 ) (6,039 )
Excess income tax benefit from stock based compensation 2,044 -
Proceeds from the exercise of employee stock options   -     23  
Net cash used for financing activities   (51,745)   (84,339)
 
Effects of exchange rates on cash (5,624 ) (3,332 )
 
Net decrease in cash and cash equivalents (68,852 ) (92,857 )
Cash and cash equivalents, beginning of period   148,185     250,317  
Cash and cash equivalents, end of period$79,333   $157,460  
 
Free cash flow:
 
Net cash provided by operating activities $ 6,766 $ 28,116
Less: Capital expenditures   (18,388 )   (33,251 )
Free cash flow$(11,622)$(5,135)
 
         
 
MONSTER WORLDWIDE, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
 
Assets:June 30, 2013December 31, 2012
 
Cash and cash equivalents $ 79,333 $ 148,185
Accounts receivable, net 309,064 335,905
Property and equipment, net 132,393 147,613
Goodwill and intangibles, net 899,262 919,854
Other assets 115,160 111,606
Current assets of discontinued operations - 21,702
Total Assets$ 1,535,212$ 1,684,865
 
Liabilities and Stockholders' Equity:
 
Accounts payable, accrued expenses and other current liabilities $ 175,335 $ 181,914
Deferred revenue 329,492 351,546
Current portion of long-term debt and borrowings on credit facility 8,125 18,264
Long-term income taxes payable 52,590 63,465
Long-term debt, less current portion 130,700 145,975
Other long-term liabilities 8,994 10,406
Current liabilities of discontinued operations 2,522 33,256
Total Liabilities$ 707,758$ 804,826
 
Stockholders' Equity827,454880,039
     
Total Liabilities and Stockholders' Equity$ 1,535,212$ 1,684,865
 
 
                       
 
MONSTER WORLDWIDE, INC.
UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS
(in thousands, except per share amounts)
 
Three Months Ended June 30, 2013Three Months Ended June 30, 2012
As Reported

Non GAAP
Adjustments

Consolidated
Non GAAP

As Reported

Non GAAP
Adjustments

Consolidated
Non GAAP

 
Revenue $ 200,058 $ - $ 200,058 $ 224,577 $ - $ 224,577
 
Salaries and related 89,467 - 89,467 99,812 - 99,812
Office and general 52,262 (1,545 ) a 50,717 57,945 (1,829 ) a 56,116
Marketing and promotion 43,394 - 43,394 51,426 - 51,426
Restructuring and other special charges   6,828     (6,828 ) b   -     1,015     (1,015 ) b   -  
Total operating expenses   191,951     (8,373 )   183,578     210,198     (2,844 )   207,354  
Operating income8,1078,37316,48014,3792,84417,223
Operating margin4.1%8.2%6.4%7.7%
 
Interest and other, net   (1,357 )   -     (1,357 )   (1,189 )   -     (1,189 )
 
Income before income taxes and loss in equity interests 6,750 8,373 15,123 13,190 2,844 16,034
 
Provision for income taxes 2,366 2,937 e 5,303 3,930 989 e 4,919
Loss in equity interests, net   (245 )   -     (245 )   (255 )   -     (255 )
Income from continuing operations   4,139     5,436     9,575     9,005     1,855     10,860  
 
Loss from discontinued operations (759 ) 759 g - (4,203 ) 4,203 g -
           
Net income$3,380   $6,195   $9,575   $4,802   $6,058   $10,860  
 
Diluted earnings per share:*
Income from continuing operations $ 0.04 $ 0.05 $ 0.09 $ 0.08 $ 0.02 $ 0.10
Loss from discontinued operations, net of tax   (0.01 )   0.01     -     (0.04 )   0.04     -  
Diluted earnings per share$0.03   $0.06   $0.09   $0.04   $0.06   $0.10  
 
Weighted average shares outstanding:
Basic 110,932 110,932 110,932 112,937 112,937 112,937
Diluted 111,937 111,937 111,937 114,038 114,038 114,038
 
 
Six Months Ended June 30, 2013Six Months Ended June 30, 2012
As Reported

Non GAAP
Adjustments

Consolidated
Non GAAP

As Reported

Non GAAP
Adjustments

Consolidated
Non GAAP

 
Revenue $ 412,044 $ - $ 412,044 $ 458,327 - $ 458,327
 
Salaries and related 187,042 - 187,042 212,124 - 212,124
Office and general 103,394 (2,920 ) a 100,474 110,453 (1,829 ) a 108,624
Marketing and promotion 92,661 - 92,661 100,724 - 100,724
Restructuring and other special charges 19,995 (19,995 ) b - 25,283 (25,283 ) b -
Recovery of restitution award from former executive   -     -     -     (5,350 )   5,350   c   -  
Total operating expenses   403,092     (22,915 )   380,177     443,234     (21,762 )   421,472  
Operating income8,95222,91531,86715,09321,76236,855
Operating margin2.2%7.7%3.3%8.0%
 
Interest and other, net   (2,625 )   -     (2,625 )   (2,652 )   -     (2,652 )
 
Income before income taxes and loss in equity interests 6,327 22,915 29,242 12,441 21,762 34,203
 
(Benefit from) provision for income taxes (9,633 ) 19,878 d,e 10,245 (10,374 ) 21,734 e,f 11,360
Loss in equity interests, net   (703 )   -     (703 )   (455 )   -     (455 )
Income from continuing operations   15,257     3,037     18,294     22,360     28     22,388  
 
Loss from discontinued operations (6,893 ) 6,893 g - (13,816 ) 13,816 g -
           
Net income$8,364   $9,930   $18,294   $8,544   $13,844   $22,388  
 
Diluted earnings per share:*
Income from continuing operations $ 0.14 $ 0.03 $ 0.16 $ 0.19 $ - $ 0.19
Loss from discontinued operations, net of tax   (0.06 )   0.06     -     (0.12 )   0.12     -  
Diluted earnings per share$0.07   $0.09   $0.16   $0.07   $0.12   $0.19  
 
Weighted average shares outstanding:
Basic 111,166 111,166 111,166 114,568 114,568 114,568
Diluted 112,419 112,419 112,419 115,825 115,825 115,825
 
Note Regarding Non GAAP Adjustments:
The financial information included herein contains certain non-GAAP financial measures. This information is not intended to be used in place of the financial information prepared and presented in accordance with GAAP, nor is it intended to be considered in isolation. We believe that the above presentation of non-GAAP measures provide useful information to management and investors regarding certain core operating and business trends relating to our results of operations, exclusive of certain restructuring related and other special charges.

 

 

Non GAAP adjustments consist of the following:

 
a Costs directly associated with our previously announced review of strategic alternatives.
 
b Restructuring related charges pertaining to the strategic actions that the Company announced in January and November 2012. 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, and professional fees.
 
c Restitution award paid by a former executive to the United States government in connection with the Company's historical stock option practices.
 
d Non-GAAP income tax adjustment includes the reversal of income tax reserves inclusive of interest due to uncertain tax positions.
 
e Income tax adjustment is calculated using the effective tax rate of the reported period multiplied by the Non GAAP adjustment to income before income taxes and loss in equity interests.
 
f Non-GAAP Adjustment includes a tax benefit due to certain losses arising from the company's restructuring.
 
g Discontinued operations related to our sale of ChinaHR and the exit of our businesses in Latin America and Turkey.
 

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

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

Three Months Ended June 30, 2013

Careers -
North America

Careers -
International

Internet
Advertising &
Fees

Corporate
Expenses

Total
       
Revenue - GAAP$109,717   $72,102   $18,239   $200,058  
 
Operating income (loss) - GAAP$19,272$(6,054)$6,312$(11,423)$8,107
Non GAAP Adjustments   1,546     2,775     256     3,796     8,373  
Operating income (loss) - Non GAAP$20,818   $(3,279)$6,568   $(7,627)$16,480  
 
OIBDA - GAAP$30,609$2,727$7,829$(7,323)$33,842
Non GAAP Adjustments   328     1,390     256     1,860     3,834  
OIBDA - Non GAAP$30,937   $4,117   $8,085   $(5,463)$37,676  
 
Operating margin - GAAP 17.6 % -8.4 % 34.6 % 4.1 %
Operating margin - Non GAAP 19.0 % -4.5 % 36.0 % 8.2 %
 
OIBDA margin - GAAP 27.9 % 3.8 % 42.9 % 16.9 %
OIBDA margin - Non GAAP 28.2 % 5.7 % 44.3 % 18.8 %
 
Three Months Ended June 30, 2012

Careers -
North America

Careers -
International

Internet
Advertising &
Fees

Corporate
Expenses

Total
       
Revenue - GAAP$116,189   $88,845   $19,543   $224,577  
 
Operating income (loss) - GAAP$14,911$6,336$5,307$(12,175)$14,379
Non GAAP Adjustments   159     516     74     2,095     2,844  
Operating income (loss) - Non GAAP$15,070   $6,852   $5,381   $(10,080)$17,223  
 
OIBDA - GAAP$24,842$13,475$7,401$(8,099)$37,619
Non GAAP Adjustments   154     499     68     2,091     2,812  
OIBDA - Non GAAP$24,996   $13,974   $7,469   $(6,008)$40,431  
 
Operating margin - GAAP 12.8 % 7.1 % 27.2 % 6.4 %
Operating margin - Non GAAP 13.0 % 7.7 % 27.5 % 7.7 %
 
OIBDA margin - GAAP 21.4 % 15.2 % 37.9 % 16.8 %
OIBDA margin - Non GAAP 21.5 % 15.7 % 38.2 % 18.0 %
 
Six Months Ended June 30, 2013

Careers -
North America

Careers -
International

Internet
Advertising &
Fees

Corporate
Expenses

Total
 
Revenue - GAAP$225,652$149,821$36,571$412,044
 
Operating income (loss) - GAAP$31,695$(15,045)$12,574$(20,272)$8,952
Non GAAP Adjustments   9,537     7,866     341     5,171     22,915  
Operating income (loss) - Non GAAP$41,232   $(7,179)$12,915   $(15,101)$31,867  
 
OIBDA - GAAP$54,624$1,877$15,767$(13,908)$58,360
Non GAAP Adjustments   7,542     6,480     342     3,237     17,601  
OIBDA - Non GAAP$62,166   $8,357   $16,109   $(10,671)$75,961  
 
Operating margin - GAAP 14.0 % -10.0 % 34.4 % 2.2 %
Operating margin - Non GAAP 18.3 % -4.8 % 35.3 % 7.7 %
 
OIBDA margin - GAAP 24.2 % 1.3 % 43.1 % 14.2 %
OIBDA margin - Non GAAP 27.5 % 5.6 % 44.0 % 18.4 %
 
Six Months Ended June 30, 2012

Careers -
North America

Careers -
International

Internet
Advertising &
Fees

Corporate
Expenses

  Total
 
Revenue - GAAP$235,963$183,440$38,924$458,327
 
Operating income (loss) - GAAP$18,110$9,217$8,575$(20,809)$15,093
Non GAAP Adjustments   14,329     8,712     1,157     (2,436 )   21,762  
Operating income (loss) - Non GAAP$32,439   $17,929   $9,732   $(23,245)$36,855  
 
OIBDA - GAAP$44,184$24,340$13,542$(13,233)$68,833
Non GAAP Adjustments   9,079     8,177     536     (2,447 )   15,345  
OIBDA - Non GAAP$53,263   $32,517   $14,078   $(15,680)$84,178  
 
Operating margin - GAAP 7.7 % 5.0 % 22.0 % 3.3 %
Operating margin - Non GAAP 13.7 % 9.8 % 25.0 % 8.0 %
 
OIBDA margin - GAAP 18.7 % 13.3 % 34.8 % 15.0 %
OIBDA margin - Non GAAP 22.6 % 17.7 % 36.2 % 18.4 %
 
 

Investors:
Joele Frank
Andi Rose, 212-355-4449
arose@joelefrank.com
or
Media:
Monster Worldwide, Inc.
Matt Anchin, 212-351-7528
matt.anchin@monster.com

Copyright Business Wire 2013
Add a Comment

News   More...

Securities related to this article
Monster Worldwide, Inc. View mww Stock Quote
Monster Worldwide, Inc. View mww Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/8/1 - Monster Worldwide Reports Second Quarter 2013 Results
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Monster Worldwide Reports Fourth Quarter 2013 Results  |  Next: Monster Worldwide Reports Third Quarter 2013 Results