Monster Worldwide 8-K Monster Worldwide Reports Fourth Quarter and Full Year 2008 Results

Exhibit 99.2

FINANCIAL SUPPLEMENT

December 31, 2008

Monster Worldwide, Inc. (together with its consolidated subsidiaries, the “Company,” “Monster,” “we,” “our” or “us”) provides this supplement to assist investors in evaluating our Company’s financial and operating metrics. We suggest that the notes to this supplement are read in conjunction with the financial tables. The financial information included in this supplement contains certain non-GAAP financial measures. These measures should be considered in addition to results prepared in accordance with GAAP, but are not a substitute for, or superior to, GAAP results. The non-GAAP measures included in this supplement have been reconciled to the most comparable GAAP measure. The Company intends to update the financial supplement on a quarterly basis.

Notes to Financial Supplement

Presentation

Wind-down of Internet Advertising & Fees Tickle Business.

In May 2008, we announced our intentions to wind-down the operations of Tickle, a business included in the Internet Advertising & Fees segment. As a result of this action, we have reclassified our quarterly financial information to reflect the wind-down as discontinued operations in all periods presented. The financial results from continuing operations, presented herein, reflect the results of the remaining and ongoing portion of our business.

Stock Option Investigation

On June 12, 2006, we announced that a committee of independent directors of the Board of Directors (the “Special Committee”) assisted by independent legal counsel and outside accounting experts were conducting an independent investigation to review our historical stock option grant practices. On December 13, 2006, we restated our historical financial statements to record additional non-cash stock based compensation charges and the related income tax effects based on the findings of the Special Committee. We recorded these non-cash compensation charges as a component of “Corporate expenses” and did not allocate these non-cash costs to our reportable segments. No such amounts were recorded beyond the 2005 periods, as we accelerated the vesting of all unvested outstanding stock options as of December 31, 2005 to mitigate compensation expense we would have had to record upon the effectiveness of SFAS 123R . The restatement did not affect our statements of operations or segment results for periods subsequent to December 31, 2005.

Provision for Legal Settlements, net

On July 30, 2008, Monster entered into a Memorandum of Understanding (“MOU”) with the class representative and the individual defendants in the shareholder securities class action that memorializes the terms pursuant to which the parties intend, subject to Court approval, to settle the securities class action. As full settlement of the claims asserted in the securities class action, the MOU provides for a payment to the class of $47.5 million the cost of which to the Company will be approximately $25.1 million net of its insurance recovery and a payment by another defendant. Also recorded in the provision for legal settlements, net in the second quarter of 2008, was approximately $15.0 million for estimated expenses relating to the other outstanding litigation in connection with Monster’s historical stock option grant practices. On October 2, 2008, the Supreme Court of the State of New York, New York County, granted final approval of the settlement agreement.

2

Professional Fees

For the three months ended December 31, 2008, we recorded a $6.7 million credit to professional fees as a direct result of payments from our former chief executive officer, partially offsetting payments for ongoing matters relating to our historical stock option grant practices. For the year ended December 31, 2008, we recorded $4.4 million of professional fees as a direct result of ongoing matters relating to our historical stock option grant practices, partially offset by payments from our former chief executive officer. In addition, approximately $1.4 million and $19.1 million of professional fees related to our historical stock option grant practices were included in the three months and year ended December 31, 2007, respectively. These costs primarily relate to legal fees and are a component of “office and general” in our consolidated statement of operations. In addition, we have incurred costs related to litigation, an informal investigation by the SEC and an investigation by the United States Attorney for the Southern District of New York.

We expect to continue to incur significant professional fees related to ongoing matters relating to our historical stock option grant practices. While we cannot quantify or estimate the timing of these costs throughout 2009, we expect to continue to incur significant professional fees related to legal fees paid on behalf of former employees and former members of senior management in connection with ongoing matters relating to our historical stock option grant practices.

Executive Severance

Included in our operating results for the year ended December 31, 2007, is approximately $15.8 million of severance charges related to executive officers who departed the Company in the second quarter of 2007. Of the $15.8 million, approximately $12.8 million is non-cash and relates to the acceleration of equity awards. The severance is recorded as a component of “salaries and related” and the acceleration of equity awards is recorded as a component of “amortization of restricted stock and RSU’s” in our Financial Supplement.

Restructuring Actions

On July 30, 2007, we announced a series of strategic restructuring actions that are intended to position us for sustainable long-term growth in the rapidly evolving global online recruitment advertising industry.

The restructuring plan included an anticipated reduction in the current workforce by approximately 800 associates, or 15% of our full-time staff, through 2008. Subsequent to the announcement of this plan, the Company made a strategic decision to in-source customer service and therefore the current reduction will be approximately 700 associates. The plan also included fixed asset write-offs, accelerated depreciation for assets to be phased out, costs relating to the consolidation of certain office facilities, contract termination costs, relocation costs and professional fees. The restructuring plan arose out of a review commencing in the second quarter of 2007 by our current executive management team of our cost structure and organizational structure. The restructuring is intended to realign the structure to permit investment in key areas that will improve the customer experience and foster revenue growth and long-term operating margin expansion.

For the three months and year ended December 31, 2008, we recorded $3.2 million and $16.4 million of restructuring costs, primarily related to severance. For the three months and year ended December 31, 2007, we recorded $5.4 million and $16.6 million of restructuring costs, respectively.

3

Security Breach

In August 2007, we announced a security breach related to unauthorized access to our resume database. We took remediation measures, including the procurement of the capability to assist any potentially affected customers. For the three months ended December 31, 2007, we recorded $3.4 million related to the breach.

Deferred revenue related to acquisitions

During the fourth quarter of 2008, we completed the acquisition of ChinaHR. In accordance with existing purchase accounting rules, we are required to write down a portion of ChinaHR’s deferred revenue to its fair value. Consequently, in post acquisition periods, we do not recognize the full amount of this deferred revenue. When measuring the performance of our business, however, we add back the revenue resulting from this fair value adjustment as we believe that the inclusion of this revenue provides useful information to our management, as well as to investors. For the three months ended December 31, 2008, the fair value adjustment to ChinaHR’s deferred revenue was $2.2 million.

Reclassifications

Certain reclassifications of prior year amounts have been made for consistent presentation.

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.

4

Net cash and securities is defined as cash and cash equivalents plus short-term and long-term marketable securities, less total debt. The Company considers net cash and securities to be an important measure of liquidity and an indicator of its ability to meet its ongoing obligations. The Company also uses net cash and securities, among other measures, in evaluating its choices for capital deployment. Net cash and securities presented herein is a non-GAAP measure and may not be comparable to similarly titled measures used by other companies.

Selected financial ratios

We have included selected financial ratios in this financial supplement in order to assist investors to further evaluate our business. Our definitions and calculations are as follows:

Annualized return on equity

Annualized return on equity measures our effectiveness and ability to generate future profitability on the earnings that we retain. In addition, the ratio is a strong indicator of how well we utilize shareholders’ investments in our business. We calculate annualized return on equity as follows:

Annualized net income / Average stockholders’ equity

Book value per share

Book value per share is a market value indicator that we utilize when analyzing our stockholders’ equity. We calculate book value per share as follows:

Stockholders’ equity / Total shares outstanding

Cash and marketable securities per share

We calculate cash and marketable securities per share as follows:

(Cash and cash equivalents +Current marketable securities +Non-current marketable securities) / Total shares outstanding

Net cash and securities

We calculate cash and marketable securities per share as follows:

(Cash and cash equivalents +available-for-sale securities, current, +available-for-sale securities, non-current – borrowings on credit facility short-term – current portion of long-term debt – long-term debt, less current portion)

5

Monster Worldwide, Inc.
Statements of Operations
(unaudited, in thousands, except per share amounts)

	Trended Quarterly Data																											Year to Date Data
Summary P&L Information	Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			12M 2007			12M 2008
Monster Careers	$	258,260		$	290,223		$	291,326		$	296,996		$	316,877		$	336,810		$	320,953		$	297,606		$	257,931		$	1,195,422		$	1,213,300
Internet Advertising & Fees		31,093			31,607			32,659			33,146			30,970			29,662			33,341			34,583			32,741			128,382			130,327
Revenue		289,353			321,830			323,985			330,142			347,847			366,472			354,294			332,189			290,672			1,323,804			1,343,627
Salary and related		110,773			117,002			127,839			123,965			127,666			135,115			127,346			128,904			123,211			496,472			514,576
Office and general		48,924			58,750			51,856			57,621			56,708			61,710			61,754			57,124			44,091			224,935			224,679
Marketing and promotion		60,933			72,509			73,568			71,584			76,818			111,854			68,976			57,684			52,684			294,479			291,198
Provision for legal settlements, net		—			—			—			—			—			—			40,100			—			—			—			40,100
Restructuring and other special charges		—			—			—			11,155			5,442			6,927			2,732			3,592			3,156			16,597			16,407
Depreciation expense		7,448			7,860			9,350			10,408			10,589			10,803			12,330			13,336			14,761			38,207			51,230
Amortization of restricted stock and RSU Plan		2,424			4,176			17,069			2,871			3,623			5,206			8,351			7,437			7,046			27,739			28,040
Non-cash stock option expense		—			186			47			104			105			127			182			165			178			442			652
Amortization of intangibles		1,568			1,394			1,413			1,437			1,457			1,386			1,274			1,374			2,756			5,701			6,790
Operating expenses		232,070			261,877			281,142			279,145			282,408			333,128			323,045			269,616			247,883			1,104,572			1,173,672
Operating income		57,283			59,953			42,843			50,997			65,439			33,344			31,249			62,573			42,789			219,232			169,955
Interest and other, net(1)		6,504			5,413			6,903			6,507			6,799			7,383			3,057			5,283			1,560			25,622			17,283
Income from cont. operations, pre-tax		63,787			65,366			49,746			57,504			72,238			40,727			34,306			67,856			44,349			244,854			187,238
Income taxes		22,307			23,090			17,587			20,474			25,310			15,143			12,153			22,734			14,880			86,461			64,910
Losses in equity interests, net		(1,517	)		(1,420	)		(2,966	)		(3,074	)		(838	)		(1,822	)		(3,592	)		(2,086	)		(339	)		(8,298	)		(7,839	)
Income from continuing operations		39,963			40,856			29,193			33,956			46,090			23,762			18,561			43,036			29,130			150,095			114,489
Income (loss) from disc. operations, net of tax(2)		(888	)		(1,374	)		(577	)		(655	)		(1,090	)		(1,171	)		12,269			(258	)		(536	)		(3,696	)		10,304
Net income (loss)	$	39,075		$	39,482		$	28,616		$	33,301		$	45,000		$	22,591		$	30,830		$	42,778		$	28,594		$	146,399		$	124,793
Basic earnings (loss) per share:
Income from continuing operations	$	0.31		$	0.32		$	0.22		$	0.26		$	0.37		$	0.19		$	0.15		$	0.36		$	0.25		$	1.17		$	0.95
Net income (loss)	$	0.30		$	0.30		$	0.22		$	0.26		$	0.36		$	0.18		$	0.26		$	0.36		$	0.24		$	1.14		$	1.04
Diluted earnings (loss) per share:
Income from continuing operations	$	0.30		$	0.31		$	0.22		$	0.26		$	0.36		$	0.19		$	0.15		$	0.36		$	0.24		$	1.15		$	0.94
Net income (loss)	$	0.30		$	0.30		$	0.21		$	0.25		$	0.36		$	0.18		$	0.25		$	0.35		$	0.24		$	1.12		$	1.03
Weighted avg. shares outstanding:
Basic shares		128,489			129,653			130,542			129,499			125,504			122,711			120,885			120,057			118,601			128,785			120,557
Diluted shares		131,209			132,464			133,121			130,757			126,704			123,332			121,541			120,722			119,380			130,755			121,167
Global employees (ones)		4,813			5,285			5,442			5,116			5,112			5,164			5,396			5,669			6,961			5,112			6,961
Annualized revenue per average employee	$	246.2		$	255.0		$	241.6		$	250.2		$	272.1		$	285.3		$	268.4		$	240.2		$	184.1		$	252.7		$	231.8

(1)	-	Interest and other, net includes a $1.3 million gain in the fourth quarter of 2006 related to early repayment of a note associated with a disposed company.
(2)	-	Loss from discontinued operations, net of tax in the second quarter of 2008 includes tax benefits of $29.4 million and long-lived asset write-offs of $13.1 million related to the wind-down of the Tickle business included in our Internet Advertising & Fees business segment.

6

Monster Worldwide, Inc.
Trailing Twelve Months Statistics — Statements of Operations
(unaudited, in thousands, except per share amounts)

Summary P&L Information	Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008
Monster Careers	$	964,331		$	1,029,965		$	1,084,101		$	1,136,805		$	1,195,422		$	1,242,009		$	1,271,636		$	1,272,246		$	1,213,300
Internet Advertising & Fees		115,855			122,785			127,303			128,505			128,382			126,437			127,119			128,556			130,327
Revenue		1,080,186			1,152,750			1,211,404			1,265,310			1,323,804			1,368,446			1,398,755			1,400,802			1,343,627
Salary and related		396,194			424,621			458,256			479,579			496,472			514,585			514,092			519,031			514,576
Office and general		158,728			181,079			200,719			217,151			224,935			227,895			237,793			237,296			224,679
Marketing and promotion		251,611			262,872			269,446			278,594			294,479			333,824			329,232			315,332			291,198
Provision for legal settlements, net		—			—			—			—			—			—			40,100			40,100			40,100
Restructuring and other special charges		—			—			—			11,155			16,597			23,524			26,256			18,693			16,407
Depreciation expense		28,757			30,449			31,595			35,066			38,207			41,150			44,130			47,058			51,230
Amortization of restricted stock and RSU Plan		10,671			12,913			26,612			26,540			27,739			28,769			20,051			24,617			28,040
Non-cash stock option expense		148			239			233			337			442			383			518			579			652
Amortization of intangibles		7,671			6,692			5,838			5,812			5,701			5,693			5,554			5,491			6,790
Operating expenses		853,780			918,865			992,699			1,054,234			1,104,572			1,175,823			1,217,726			1,208,197			1,173,672
Operating income		226,406			233,885			218,705			211,076			219,232			192,623			181,029			192,605			169,955
Interest and other, net		19,042			21,095			23,943			25,327			25,622			27,592			23,746			22,522			17,283
Income from cont. operations, pre-tax		245,448			254,980			242,648			236,403			244,854			220,215			204,775			215,127			187,238
Income taxes		86,517			89,289			85,246			83,458			86,461			78,514			73,080			75,340			64,910
Losses in equity interests, net		(7,096	)		(7,275	)		(7,957	)		(8,977	)		(8,298	)		(8,700	)		(9,326	)		(8,338	)		(7,839	)
Income from continuing operations		151,835			158,416			149,445			143,968			150,095			133,001			122,369			131,449			114,489
Income (loss) from disc. operations, net of tax(1)		(114,698	)		(124,059	)		(126,089	)		(3,494	)		(3,696	)		(3,493	)		9,353			9,750			10,304
Net income	$	37,137		$	34,357		$	23,356		$	140,474		$	146,399		$	129,508		$	131,722		$	141,199		$	124,793
Basic earnings per share:
Income from continuing operations	$	1.19		$	1.23		$	1.16		$	1.11		$	1.17		$	1.05		$	0.98		$	1.07		$	0.95
Net income	$	0.29		$	0.27		$	0.18		$	1.08		$	1.14		$	1.02		$	1.06		$	1.15		$	1.04
Diluted earnings per share:
Income from continuing operations	$	1.16		$	1.20		$	1.13		$	1.09		$	1.15		$	1.04		$	0.97		$	1.07		$	0.94
Net income	$	0.28		$	0.26		$	0.18		$	1.07		$	1.12		$	1.01		$	1.05		$	1.15		$	1.03
Weighted avg. shares outstanding:
Basic shares		128,077			128,794			129,292			129,546			128,785			127,064			124,650			122,289			120,557
Diluted shares		131,247			131,627			131,905			131,888			130,755			128,479			125,584			123,075			121,167

⁽¹⁾ -  Loss from discontinued operations, net of tax in the third quarter of 2006 includes the write-off of $133.0 million of goodwill related to our former TMP Worldwide Advertising & Communications business in North America.

7

Monster Worldwide, Inc.
Statements of Cash Flows
(unaudited, in thousands, except per share amounts)

																													Year to Date Data
	Q4 2006			Q1 2007				Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			12M 2007			12M 2008
Cash flows provided by operating activities:
Net income (loss)	$	39,075		$	39,482			$	28,616		$	33,301		$	45,000		$	22,591		$	30,830		$	42,778		$	28,594		$	146,399		$	124,793
Adjustments to reconcile net income to cash provided by operating activities:
(Income) loss from discontinued operations, net of tax		888			1,374				577			655			1,090			1,171			(12,269	)		258			536			3,696			(10,304	)
Depreciation and amortization of intangibles		9,016			9,254				10,763			11,845			12,046			12,189			13,604			14,710			17,517			43,908			58,020
Provision for legal settlements, net		—			—				—			—			—			—			40,100			—			—			—			40,100
Receipts and payments for legal settlements, net		—			—				—			—			—			—			—			5,700			(35,587	)		—			(29,887	)
Provision for doubtful accounts		2,550			2,483				2,630			3,340			4,453			3,564			3,207			4,403			5,057			12,906			16,231
Non-cash compensation		2,424			4,362				17,116			2,975			3,728			6,495			8,533			7,602			7,223			28,181			29,853
Deferred income taxes		2,267			2,100				(7,605	)		2,808			(2,762	)		(7,319	)		(12,263	)		12,440			14,572			(5,459	)		7,430
Loss (gain) on disposal of assets		—			—				(572	)		(2	)		3			725			1,360			924			—			(571	)		3,009
Loss in equity interests and other, net		1,521			1,420				2,966			3,074			838			1,822			3,592			2,086			1,263			8,298			8,763
Changes in assets and liabilities, net of business combinations:
Accounts receivable		(122,790	)		25,170				(4,804	)		13,699			(101,843	)		37,848			44,812			49,231			(19,371	)		(67,778	)		112,520
Prepaid and other		2,465			(2	)			(4,202	)		(8,007	)		(12,766	)		1,949			17,149			2,522			1,548			(24,977	)		23,168
Deferred revenue		97,440			5,691				2,360			(17,515	)		89,650			(2,458	)		(51,465	)		(58,644	)		(5,732	)		80,186			(118,299	)
Accounts payable, accrued expenses and other liabilities		11,322			(8,950	)			7,163			26,536			27,091			340			(13,937	)		8,673			(27,790	)		51,840			(32,714	)
Net cash provided by (used for) operating activities of discontinued operations		(1,619	)		(3,385	)			(1,847	)		126			(2,344	)		(560	)		(2,569	)		(962	)		(2,758	)		(7,450	)		(6,849	)
Total adjustments		5,484			39,517				24,545			39,534			19,184			55,766			39,854			48,943			(43,522	)		122,780			101,041
Net cash provided by operating activities		44,559			78,999				53,161			72,835			64,184			78,357			70,684			91,721			(14,928	)		269,179			225,834
Cash flows provided by (used for) investing activities:
Capital expenditures		(16,882	)		(21,449	)			(15,515	)		(10,596	)		(16,240	)		(20,559	)		(29,654	)		(21,011	)		(22,403	)		(63,800	)		(93,627	)
Purchase of marketable securities		(373,959	)		(365,031	)			(317,555	)		(327,250	)		(415,025	)		(149,249	)		(7,633	)		(25,265	)		(1,785	)		(1,424,861	)		(183,932	)
Sale and maturities of marketable securities		342,351			311,662				277,903			446,418			478,068			414,453			21,852			66,000			36,981			1,514,051			539,286
Payments for acquisitions and intangible assets, net of cash acquired		(688	)		(1,664	)			(142	)		(133	)		(610	)		(61,567	)		—			(64,628	)		(166,641	)		(2,549	)		(292,836	)
Dividends received from unconsolidated investee		—			—				—			—			—			—			1,011			—			—			—			1,011
Cash funded to equity investee		(2,800	)		(2,500	)			(1,600	)		(5,900	)		—			(5,000	)		—			—			(1,402	)		(10,000	)		(6,402	)
Net cash used for investing activities of discontinued operations		(356	)		(163	)			(87	)		(5	)		—			—			—			—			—			(255	)		—
Net cash provided by (used for) investing activities		(52,334	)		(79,145	)			(56,996	)		102,534			46,193			178,078			(14,424	)		(44,904	)		(155,250	)		12,586			(36,500	)
Cash flows provided by (used for) financing activities:
Proceeds from borrowings on credit facility short-term		—			—				—			—			—			—			—			247,000			4,971			—			251,971
Payments on borrowings on credit facility short-term		—			—				—			—			—			—			—			—			(197,893	)		—			(197,893	)
Repurchase of common stock		(318	)		(3,326	)			(6,716	)		(154,692	)		(97,761	)		(79,469	)		(6,858	)		(41,806	)		(32	)		(262,495	)		(128,165	)
Net borrowings (payments) under capital lease obligations and other debt		322			—				—			(58	)		(42	)		(80	)		(67	)		(9	)		(15	)		(100	)		(171	)
Payments on acquisition debt		440			(16,310	)			(5,552	)		—			(1,500	)		—			—			—			—			(23,362	)		—
Proceeds from the exercise of employee stock options		1,038			43,395				10,006			651			838			418			628			110			305			54,890			1,461
Excess tax benefits from (provisions for) stock-based compensation		632			6,486				5,857			1,611			(155	)		(568	)		688			861			22			13,799			1,003
Net cash provided by (used for) financing activities		2,114			30,245				3,595			(152,488	)		(98,620	)		(79,699	)		(5,609	)		206,156			(192,642	)		(217,268	)		(71,794	)
Effects of exchange rates on cash		1,553			963				1,037			3,795			772			10,256			(1,933	)		(13,303	)		(20,044	)		6,567			(25,024	)
Net increase (decrease) in cash and cash equivalents		(4,108	)		31,062				797			26,676			12,529			186,992			48,718			239,670			(382,864	)		71,064			92,516
Cash and cash equivalents, beginning of period		62,788			58,680				89,742			90,539			117,215			129,744			316,736			365,454			605,124			58,680			129,744
Cash and cash equivalents, end of period	$	58,680		$	89,742		��	$	90,539		$	117,215		$	129,744		$	316,736		$	365,454		$	605,124		$	222,260		$	129,744		$	222,260
Non — GAAP Free cash flow(1):
Net cash provided by operating activities	$	44,559		$	78,999			$	53,161		$	72,835		$	64,184		$	78,357		$	70,684		$	91,721		$	(14,928	)	$	269,179		$	225,834
Less: Capital expenditures		(16,882	)		(21,449	)			(15,515	)		(10,596	)		(16,240	)		(20,559	)		(29,654	)		(21,011	)		(22,403	)		(63,800	)		(93,627	)
Free cash flow	$	27,677		$	57,550			$	37,646		$	62,239		$	47,944		$	57,798		$	41,030		$	70,710		$	(37,331	)	$	205,379		$	132,207

⁽¹⁾  -  See notes to financial supplement for further explanation of non-GAAP measures.

8

Monster Worldwide, Inc.
Consolidated Condensed Balance Sheets
(unaudited, in thousands, except selected financial ratios)

	Trended Quarterly Data
	Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008
ASSETS
Current assets:
Cash and cash equivalents	$	58,680		$	89,742		$	90,539		$	117,215			129,744			316,736		$	365,454		$	605,124			222,260
Available-for-sale securities, current		537,893			591,262			630,914			511,746			448,703			79,236			68,579			33,823			1,425
Net Accounts Receivable		444,747			417,329			419,033			401,994			499,854			458,447			410,427			358,214			376,720
Prepaid and other		82,488			89,650			100,233			101,950			106,664			97,929			121,093			111,754			82,415
Total current assets		1,123,808			1,187,983			1,240,719			1,132,905			1,184,965			952,348			965,553			1,108,915			682,820
Available-for-sale securities, non-current		—			—			—			—			—			102,716			99,330			93,728			90,347
Property and equipment, net		97,286			110,875			117,613			117,802			123,397			138,182			149,048			152,352			161,282
Goodwill		589,041			590,553			595,850			614,437			615,334			702,598			690,161			707,164			894,546
Intangibles, net		39,320			38,191			37,012			36,804			35,351			34,308			32,696			36,694			52,335
Investment in unconsolidated affiliates		59,625			57,748			54,782			51,708			50,871			49,049			44,446			42,360			1,843
Other assets		43,232			55,540			48,360			52,513			53,162			67,218			70,475			61,761			33,417
Non-current assets of discontinued operations		17,491			16,925			16,233			15,461			14,730			13,959			—			—			—
Total assets	$	1,969,803		$	2,057,815		$	2,110,569		$	2,021,630			2,077,810		$	2,060,378		$	2,051,709		$	2,202,974			1,916,590
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, accrued expenses and other	$	358,850		$	279,032		$	278,553		$	298,023			304,146			297,932		$	321,077		$	328,546			254,407
Deferred revenue		444,145			449,836			452,196			434,682			524,331			521,873			470,408			411,764			414,312
Borrowings on credit facilities short-term		—			—			—			—			—			—			—			247,000			54,971
Current portion of long-term debt		23,249			7,074			1,660			1,684			184			158			142			26			18
Total current liabilities		826,244			735,942			732,409			734,389			828,661			819,963			791,627			987,336			723,708
Non-current income taxes payable		—			84,480			89,910			94,418			111,108			116,376			119,360			115,318			119,951
Other liabilities		28,344			34,590			25,473			25,313			17,033			16,077			17,323			23,682			25,648
Long-term debt, less current portion		415			395			312			261			231			177			126			17			10
Non-current liabilities of discontinued operations		5,115			4,906			4,696			4,486			4,276			4,067			—			—			—
Total liabilities		860,118			860,313			852,800			858,867			961,309			956,660			928,436			1,126,353			869,317
Common stock and class B common stock		131			131			131			131			133			133			134			134			133
Additional paid-in capital		1,636,023			1,687,407			1,713,670			1,562,646			1,468,808			1,395,991			1,397,281			1,363,655			1,367,373
Accumulated other comprehensive income		87,632			87,708			93,096			115,813			118,387			155,830			143,264			87,460			25,801
Retained deficit		(614,101	)		(577,744	)		(549,128	)		(515,827	)		(470,827	)		(448,236	)		(417,406	)		(374,628	)		(346,034	)
Total stockholders’ equity		1,109,685			1,197,502			1,257,769			1,162,763			1,116,501			1,103,718			1,123,273			1,076,621			1,047,273
Total liabilities and stockholders’ equity	$	1,969,803		$	2,057,815		$	2,110,569		$	2,021,630			2,077,810		$	2,060,378		$	2,051,709		$	2,202,974			1,916,590
Selected Financial Ratios(1)
- Annualized return on equity		14.5	%		13.7	%		9.3	%		11.0	%		15.8	%		8.1	%		11.1	%		15.6	%		10.8	%
- Book value per share	$	8.63		$	9.19		$	9.60		$	9.19		$	9.02		$	9.13		$	9.30		$	9.08		$	8.83
- Cash and marketable securities per share	$	4.64		$	5.23		$	5.51		$	4.97		$	4.67		$	4.13		$	4.42		$	6.18		$	2.65
- Net cash and securities	$	572,909		$	673,535		$	719,481		$	627,016		$	578,032		$	498,353		$	533,095		$	485,632		$	259,033

⁽¹⁾  -  See notes to financial supplement for definitions and calculations of selected financial ratios.

9

Monster Worldwide, Inc.
Segment Information and Margin Analysis — Non-GAAP
(unaudited, in thousands)

	Trended Quarterly Data																											Year to Date Data
	Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			12M 2007			12M 2008
Segment OIBDA(1):
Monster Careers — North America	$	64,984		$	71,150		$	60,845		$	57,589		$	60,410		$	47,602		$	67,636		$	52,516		$	44,138		$	249,994		$	211,892
Monster Careers — International		13,001			12,594			17,362			12,896			29,980			16,662			40,361			39,060			23,833			72,832			119,916
Monster Careers OIBDA(1)		77,985			83,744			78,207			70,485			90,390			64,264			107,997			91,576			67,971			322,826			331,808
Internet Advertising & Fees OIBDA(1)		11,553			7,470			7,438			5,316			3,118			792			7,508			7,425			6,293			23,342			22,018
Total Monster OIBDA(1)	$	89,538		$	91,214		$	85,645		$	75,801		$	93,508		$	65,056		$	115,505		$	99,001		$	74,264		$	346,168		$	353,826
Corporate expenses before D&A(1)	$	(20,815	)	$	(17,645	)	$	(14,923	)	$	(9,917	)	$	(11,032	)	$	(12,104	)	$	(61,196	)	$	(13,192	)	$	(5,810	)	$	(53,517	)	$	(92,302	)
Proforma operating income(1):
Monster Careers — North America	$	59,853		$	65,878		$	55,029		$	59,430		$	56,482		$	42,955		$	59,335		$	43,771		$	34,314		$	236,819		$	180,375
Monster Careers — International		9,658			7,961			12,055			13,589			28,699			12,945			33,316			32,467			17,711			62,304			96,439
Monster Careers Proforma operating income(1)		69,511			73,839			67,084			73,019			85,181			55,900			92,651			76,238			52,025			299,123			276,814
Internet Advertising & Fees ProForma operating income (loss)(1)		10,623			6,062			5,679			5,404			2,658			(609	)		4,994			4,977			3,745			19,803			13,107
Total Monster Proforma income(1)	$	80,134		$	79,901		$	72,763		$	78,423		$	87,839		$	55,291		$	97,645		$	81,215		$	55,770		$	318,926		$	289,921
Corporate Proforma expenses(1)	$	(9,285	)	$	(10,121	)	$	(8,778	)	$	(8,046	)	$	(12,177	)	$	(11,586	)	$	(19,308	)	$	(11,175	)	$	(14,294	)	$	(39,122	)	$	(56,363	)
Segment operating income:(1)
Monster Careers — North America	$	59,853		$	65,878		$	54,579		$	51,455		$	52,950		$	39,701		$	58,409		$	43,120		$	34,025		$	224,862		$	175,255
Monster Careers — International		9,658			7,961			12,055			7,344			24,753			9,643			31,916			30,230			12,938			52,113			84,727
Monster Careers operating income		69,511			73,839			66,634			58,799			77,703			49,344			90,325			73,350			46,963			276,975			259,982
Internet Advertising & Fees operating income (loss)		10,623			6,062			5,679			3,487			1,383			(1,431	)		4,656			4,726			3,715			16,611			11,666
Total Monster operating income	$	80,134		$	79,901		$	72,313		$	62,286		$	79,086		$	47,913		$	94,981		$	78,076		$	50,678		$	293,586		$	271,648
Corporate expenses	$	(22,851	)	$	(19,948	)	$	(29,470	)	$	(11,289	)	$	(13,647	)	$	(14,569	)	$	(63,732	)	$	(15,503	)	$	(7,889	)	$	(74,354	)	$	(101,693	)
Margin Analysis:
Monster Careers — North America OIBDA margin		38.6	%		38.7	%		34.9	%		32.8	%		34.8	%		25.9	%		41.2	%		33.8	%		32.7	%		35.3	%		33.2	%
Monster Careers — North America Proforma operating margin		35.6	%		35.8	%		31.5	%		33.9	%		32.5	%		23.4	%		36.1	%		28.2	%		25.4	%		33.5	%		28.3	%
Monster Careers — North America operating margin		35.6	%		35.8	%		31.3	%		29.4	%		30.5	%		21.6	%		35.6	%		27.8	%		25.2	%		31.8	%		27.5	%
Monster Careers — International OIBDA margin		14.5	%		11.9	%		14.9	%		10.6	%		20.9	%		10.9	%		25.8	%		27.4	%		19.4	%		14.9	%		20.8	%
Monster Careers — International Proforma operating margin		10.7	%		7.5	%		10.3	%		11.2	%		20.0	%		8.4	%		21.3	%		22.8	%		14.2	%		12.8	%		16.7	%
Monster Careers — International operating margin		10.7	%		7.5	%		10.3	%		6.0	%		17.3	%		6.3	%		20.4	%		21.2	%		10.5	%		10.7	%		14.7	%
Monster Careers OIBDA margin		30.2	%		28.9	%		26.8	%		23.7	%		28.5	%		19.1	%		33.6	%		30.8	%		26.4	%		27.0	%		27.3	%
Monster Careers Proforma operating margin		26.9	%		25.4	%		23.0	%		24.6	%		26.9	%		16.6	%		28.9	%		25.6	%		20.0	%		25.0	%		22.8	%
Monster Careers operating margin		26.9	%		25.4	%		22.9	%		19.8	%		24.5	%		14.7	%		28.1	%		24.6	%		18.2	%		23.2	%		21.4	%
Internet Advertising & Fees OIBDA margin		37.2	%		23.6	%		22.8	%		16.0	%		10.1	%		2.7	%		22.5	%		21.5	%		19.2	%		18.2	%		16.9	%
Internet Advertising & Fees Proforma operating margin		34.2	%		19.2	%		17.4	%		16.3	%		8.6	%		-2.1	%		15.0	%		14.4	%		11.4	%		15.4	%		10.1	%
Internet Advertising & Fees operating margin		34.2	%		19.2	%		17.4	%		10.5	%		4.5	%		-4.8	%		14.0	%		13.7	%		11.3	%		12.9	%		9.0	%

⁽¹⁾  -  See notes to financial supplement for further explanation of non-GAAP measures.

10

Monster Worldwide, Inc.
Statements of Operations
(unaudited)

	Trended Quarterly Data																											Year to Date Data
Summary P&L Information	Q4 2006			Q1 2007			Q2 2007			Q3 2007			Q4 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			12M 2007			12M 2008
Monster Careers		89.3	%		90.2	%		89.9	%		90.0	%		91.1	%		91.9	%		90.6	%		89.6	%		88.7	%		90.3	%		90.3	%
Internet Advertising & Fees		10.7	%		9.8	%		10.1	%		10.0	%		8.9	%		8.1	%		9.4	%		10.4	%		11.3	%		9.7	%		9.7	%
Revenue		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Salary and related		38.3	%		36.4	%		39.5	%		37.5	%		36.7	%		36.9	%		35.9	%		38.8	%		42.4	%		37.5	%		38.3	%
Office and general		16.9	%		18.3	%		16.0	%		17.5	%		16.3	%		16.8	%		17.4	%		17.2	%		15.2	%		17.0	%		16.7	%
Marketing and promotion		21.1	%		22.5	%		22.7	%		21.7	%		22.1	%		30.5	%		19.5	%		17.4	%		18.1	%		22.2	%		21.7	%
Provision for legal settlements, net		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		11.3	%		0.0	%		0.0	%		0.0	%		3.0	%
Restructuring and other special charges		0.0	%		0.0	%		0.0	%		3.4	%		1.6	%		1.9	%		0.8	%		1.1	%		1.1	%		1.3	%		1.2	%
Depreciation expense		2.6	%		2.4	%		2.9	%		3.2	%		3.0	%		2.9	%		3.5	%		4.0	%		5.1	%		2.9	%		3.8	%
Amortization of restricted stock and RSU Plan		0.8	%		1.3	%		5.3	%		0.9	%		1.0	%		1.4	%		2.4	%		2.2	%		2.4	%		2.1	%		2.1	%
Non-cash stock option expense		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.1	%		0.0	%		0.1	%		0.0	%		0.0	%
Amortization of intangibles		0.5	%		0.4	%		0.4	%		0.4	%		0.4	%		0.4	%		0.4	%		0.4	%		0.9	%		0.4	%		0.5	%
Operating expenses		80.2	%		81.4	%		86.8	%		84.6	%		81.2	%		90.9	%		91.2	%		81.2	%		85.3	%		83.4	%		87.4	%
Operating income		19.8	%		18.6	%		13.2	%		15.4	%		18.8	%		9.1	%		8.8	%		18.8	%		14.7	%		16.6	%		12.6	%
Interest and other, net		2.2	%		1.7	%		2.1	%		2.0	%		2.0	%		2.0	%		0.9	%		1.6	%		0.5	%		1.9	%		1.3	%
Income from cont. operations, pre-tax		22.0	%		20.3	%		15.4	%		17.4	%		20.8	%		11.1	%		9.7	%		20.4	%		15.3	%		18.5	%		13.9	%
Income taxes		7.7	%		7.2	%		5.4	%		6.2	%		7.3	%		4.1	%		3.4	%		6.8	%		5.1	%		6.5	%		4.8	%
Losses in equity interests, net		-0.5	%		-0.4	%		-0.9	%		-0.9	%		-0.2	%		-0.5	%		-1.0	%		-0.6	%		-0.1	%		-0.6	%		-0.6	%
Income from continuing operations		13.8	%		12.7	%		9.0	%		10.3	%		13.3	%		6.5	%		5.2	%		13.0	%		10.0	%		11.3	%		8.5	%
Income (loss) from disc. operations, net of tax		-0.3	%		-0.4	%		-0.2	%		-0.2	%		-0.3	%		-0.3	%		3.5	%		-0.1	%		-0.2	%		-0.3	%		0.8	%
Net income (loss)		13.5	%		12.3	%		8.8	%		10.1	%		12.9	%		6.2	%		8.7	%		12.9	%		9.8	%		11.1	%		9.3	%

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Monster Worldwide, Inc.
Statements of Operations — Reconciliation of Non-GAAP Measures
(unaudited, in thousands, except per share amounts)

	Trended Quarterly Data																				Year to Date Data
Summary P&L Information	Q4 2006		Q1 2007			Q2 2007		Q3 2007		Q4 2007		Q1 2008		Q2 2008		Q3 2008		Q4 2008			12M 2007		12M 2008
Proforma revenue(1)	$	289,353	$	321,830		$	323,985	$	330,142	$	347,847	$	366,472	$	354,294	$	332,189	$	292,885		$	1,323,804	$	1,345,840
					��
Deferred revenue related to acquisitions		—		—			—		—		—		—		—		—		2,213			—		2,213
Revenue	$	289,353	$	321,830		$	323,985	$	330,142	$	347,847	$	366,472	$	354,294	$	332,189	$	290,672		$	1,323,804	$	1,343,627
OIBDA(1)	$	68,723	$	73,569		$	70,722	$	65,884	$	82,476	$	52,952	$	54,309	$	85,809	$	68,454		$	292,651	$	261,524
Depreciation expense		7,448		7,860			9,350		10,408		10,589		10,803		12,330		13,336		14,761			38,207		51,230
Amortization of restricted stock and RSU Plan		2,424		4,176			17,069		2,871		3,623		5,206		8,351		7,437		7,046			27,739		28,040
Non-cash stock option expense		—		186			47		104		105		127		182		165		178			442		652
Restructuring non-cash compensation expense		—		—			—		—		—		1,162		—		—		—			—		1,162
Restructuring non-cash write-offs		—		—			—		67		1,263		924		923		924		924			1,330		3,695
Amortization of intangibles		1,568		1,394			1,413		1,437		1,457		1,386		1,274		1,374		2,756			5,701		6,790
Operating income	$	57,283	$	59,953		$	42,843	$	50,997	$	65,439	$	33,344	$	31,249	$	62,573	$	42,789		$	219,232	$	169,955
Proforma operating income(1)	$	70,849	$	69,780		$	63,985	$	70,377	$	75,662	$	43,705	$	78,337	$	70,040	$	41,476		$	279,804	$	233,558
Executive Commitments		—		—			15,811		—		—		—		—		—		—			15,811		—
Provision for legal settlements, net		—		—			—		—		—		—		40,100		—		—			—		40,100
Stock option investigation		13,566		9,827			5,331		2,571		1,392		2,983		4,256		3,875		(6,682	)		19,121		4,432
Security breach		—		—			—		5,654		3,389		451		—		—		—			9,043		451
Deferred revenue related to acquisitions		—		—			—		—		—		—		—		—		2,213			—		2,213
Restructuring non-cash compensation expense		—		—			—		—		—		1,162		—		—		—			—		1,162
Restructuring program non-cash write-offs		—		—			—		67		1,263		924		923		924		924			1,330		3,695
Restructuring expenses, less non-cash items		—		—			—		11,088		4,179		4,841		1,809		2,668		2,232			15,267		11,550
Operating income	$	57,283	$	59,953		$	42,843	$	50,997	$	65,439	$	33,344	$	31,249	$	62,573	$	42,789		$	219,232	$	169,955

⁽¹⁾ -  See notes to financial supplement for further explanation of non-GAAP measures.

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