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Monster net income rises 15.2%

February 01 2008

Fourth-quarter net income at Monster Worldwide Inc. (NASD: MNST) rose 15.2% while fourth-quarter revenue increased 18.5%.

The operator of the Monster career site posted net income of $45.0 million in the fourth quarter compared with $39.1 million a year ago. Revenue rose to $354.0 million in the quarter compared with $298.6 million in the fourth quarter of 2006.

Monster received a boost from international revenue, which rose 59% to $143 million in the fourth quarter. North American careers revenue rose 3% to $174 million.

Income from operations was affected by a five-cent per diluted share cost for the company's ongoing stock option investigation, restructuring plan, and a security breach of the company's resume database in August. Monster had announced Jan. 23 that former chairman and CEO Andrew McKelvey will pay the company $8 million in a legal settlement. McKelvey also settled a stock options backdating case with the U.S. Securities and Exchange Commission.

For full-year 2007, revenue rose 21.0% to $1.35 billion from $1.12 billion in 2006. Net income in 2007 increased to $146.4 million, up 294.2% from $37.1 million in 2006.

Monster Worldwide Inc. (NASD: MNST)
For the fourth quarter ended Dec. 31, 2007, compared with the same period in 2006.
Revenue: $354.0 million, +18.5%
Net income: $45.0 million, +15.2%

For the 2007 fiscal year ended Dec. 31, compared with the previous year.
Revenue: $1.35 billion, +21.0%
Net income: $146.4 million, +294.2%

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