Earnings: Monster

Jobs website owner Monster Worldwide (Nasdaq: MNST), saw quarterly profit rise 8.3 percent on Thursday, pointing to its growing international presence. Net income was $39.1 million versus $36.1 million 4Q05. Monster Worldwide revenue grew 33 percent and to $298.6 million in 4Q from $223.8 million a year earlier. The specific highlights:
— Monster Careers revenue increased 34 percent to $258.3 million, driven by revenue growth of 22 percent in North America to $168.3 million and 63 percent in International to $89.9 million.
— Internet advertising and fees revenue grew 31 percent to $40.4 million.
— Monster Worldwide’s deferred revenue balance at December 31, 2006 was $444.1 million, representing a 36 percent rise from last year’s 4Q balance of $327.4 million.
— Monster Worldwide reported total revenue of $1.12 billion for 2006 compared to $818.3 million in 2005, a 36 percent increase.
The company also said it will continued to focus on driving local market growth through strategic newspaper alliances. In 4Q, Monster struck deals with newspaper companies such as Times Publishing Company, owner of the St. Petersburg Times; North Jersey Media Group, owner of The Record (Bergen, NJ); Oahu Publications, Inc., owner of the Honolulu Star-Bulletin, among others. So far, Monster has forged relationships with seven media companies that represent 45 daily newspapers, with a print circulation of over 2 million people. Earnings release | Webcast

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