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Monster In Line on Lower Revenues – Analyst Blog

Zacks Market Commentaries (October 30th, 2009) Writes:
Monster Worldwide, Inc. (MWW) yesterday reported revenues of $215 million in the third quarter of 2009, down 35% year over year and down 3.7% sequentially. The company operates in three business segments: Careers North America, Careers International and Advertising & Communications. The revenue continues to be impacted by lower global demand for recruiting advertising services. Approximately 42% of revenues were generated from international operations and total revenue was negatively impacted by $7.4 million from unfavorable foreign exchange rates. Careers North America generated revenue of $95 million, down 39% year over year. Careers International revenue came in at $85 million, down 40% year over year. Internet Advertising & Fees generated revenue of $35 million, essentially flat over the $35 million reported in last year’s third quarter. Management stated that revenue and new business activity might have hit a bottom, but revenue continues to be challenged by ...

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