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Monster Worldwide Inc. (NASD: MNST) swung to profitability in the third quarter ended Sept. 30 with net income of $33.3 million. This is up from the net loss of $83.8 million posted in the same quarter in 2006.
Total revenue grew 18% to $337 million in the third quarter from $286 million in the comparable quarter of 2006. Foreign exchange rate benefits contributed about 3% to the year-over-year revenue growth.
Monster Careers revenue increased 22% to $297 million, compared with $244 million in last year's third quarter. International revenue led growth with a jump of 57% to $122 million. Included in International revenue is a $7 million benefit from the effect of foreign exchange rates. North American Careers revenue increased 5% to $175 million, while Internet Advertising & Fees revenue was $40 million compared with $42 million in last year's comparable quarter.
Going forward, the company expects 2007 revenue between $1.34 billion and $1.36 billion.
Monster Worldwide Inc. (NASD: MNST)
For the third quarter ended Sept. 30, compared with the same period in 2006
Revenue: $337 million, +18%
Net income: $33.3 million vs. net loss of $83.8 million