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Global – Monster Worldwide returns to profit in Q4 and announces social job ads expansion to Facebook

12 February 2016

Global job board Monster Worldwide Inc. (MWW: NYSE) yesterday reported revenue of USD 159.2 million, a decrease of 6% on a constant currency (CC) basis, compared with the same period last year. Monster Worldwide also announced that it plans to expand its social recruitment advertising platform to Facebook.

USD million Q4 2015 Q4 2014 Change
Revenue 159.2 175.3 -6% (CC)
Operating Income (loss) 7.2 (333.7) -
       

Revenues from North America declined 8.5% to USD 112.1 million while international revenues dropped 10.8% to $47.1 million.

The results were somewhat mixed with weakness in the company’s core job posting services and improvements in the adoption of new strategic products, especially in Europe.

Global headcount decreased 5% to 3,679.

"We are pleased to report solid improvement in earnings and cash generation consistent with our plan despite less than expected revenue for the fourth quarter,” Tim Yates, CEO of Monster, said. "Business trends improved on a year over year basis while new products continue to be an increasing percentage of our overall business. The progress we showed in growing the revenue and profit in our European business continued this quarter and a number of our channels in North America showed strong performance.”

On an annual basis, Monster Worldwide reported total revenue from continuing operations of USD 666.9 million for the twelve months ended December 31, 2015 compared to $725.6 million in the same period last year, a 4% decrease on a constant currency basis and 8% at actual rates.

Speaking on its expansion to Facebook, Joe Budzienski, Vice President, Product and Strategy, Monster, said:  “Social Job Ads transforms the way employers can connect with talent. To date, our more than 3,900 customers using the product have seen 90M impressions and nearly one million engagements on Twitter. By expanding ad reach to other platforms, including Facebook, we vastly increase the effectiveness of Monster Social Job Ads for our customers, continuing our work to better connect people and jobs."

In trading today, Monster set a new 52-week low during Thursday's trading session when it reached USD 2.43, down -36.15% on the day. Based on its current share price, the company has a market value of USD 388.89 million.