Global job board Monster Worldwide Inc. (MWW: NYSE) yesterday reported revenue of USD 191.1 million for the third quarter ending 30 September 2014, a decrease of -2.8% compared with USD 196.8 million last year.

Operating income for the period fell sharply by -76.6% to USD 3.3 million, down from USD 14.3 million a year ago. Monster reported a net loss of USD 351,000, against a net income of USD 11.3 million in Q3 2013.

Sal Iannuzzi, Chairman, President and CEO of Monster Worldwide, commented: “Our third quarter results were better than expected, particularly in North America, as we continue to make significant progress on our new ‘All the Jobs, All the People’ strategy.

“We introduced TalentBin by Monster, Monster Twitter Cards, and Talent CRM in North America in July and in our top tier European countries in October. These exciting new products have been well received by the market and are gaining traction. We plan to continue building on this momentum by introducing more innovative new products in North America and Europe over the next few quarters,” he added.

Revenue from Monster’s Careers - North America division decreased by -1% to USD 108.6 million, down from USD 109.6 million a year ago. The company achieved an operating income of USD 18.3 million, up by +12% from USD 16.3 million last year.

Careers – International revenue fell by -3.8% to USD 66.5 million, down from USD 69.1 million in Q3 2013. The company reported an operating loss of USD 7.6 million for the period, against an operating loss of USD 325,000 reported during the same quarter last year.

Revenue from Internet Advertising & Fees decreased by -10.5% to USD 16.2 million, against USD 18.1 million a year ago. The division reported an operating income of USD 3.4 million, a sharp decrease of -41.7% from USD 5.9 million in Q3 2013.

In October, the company announced the pricing of an offering of USD 125 million aggregate principal amount of its convertible senior notes due 2019 in a private placement to qualified institutional buyers. The sale of the notes closed on 22 October 2014, and will be unsecured, senior obligations of Monster, and interest will be payable semi-annually at a rate of 3.5% per annum. The notes will mature on 15 October 2019, unless converted or repurchased in accordance with their terms prior to such date.

On 31 October 2014, the company also amended and restated its credit facility. The amended and restated facility matures in October 2017 and provides the Company with USD 190 million in total available credit.

During the third quarter of 2014, Monster repurchased 100,000 shares of its common stock at an average price of USD 5.52 per share, for a total consideration of USD 600,000. Since the inception of the existing program in the second quarter of 2013, the Company has repurchased 28 million shares, or approximately 25% of its outstanding shares, at an average price of USD 5.73. At 30 September 2014, there was USD 41 million remaining under the company’s previously announced USD 200 million share repurchase program.

Mr Ianuzzi concluded: “As we look ahead, we remain keenly focused on executing our sales strategy and are committed to achieving sustainable improvements to the Company’s EBITDA margins, beginning in the fourth quarter of this year.”

In trading yesterday, the company’s share price closed up at USD 4.17, a decrease of -3.7% compared with a year ago. Based on its current share price, the company has a market value of USD 370.4 million.