Monster’s Revenue Falls, Records Losses

Monster Worldwide, the parent company for a variety of websites such as Monster.com, Military.com, Tickle.com, Fastweb.com and HMForces.co.uk, saw its revenue plummet in the first quarter of 2009. Considering that their main property is Monster.com and unemployment is at a high not seen in decades, it’s not surprising that the parent company is struggling.

For the quarter ending on March 31st, Monster Worldwide had revenue around $254 million. In the first quarter of 2008, the company had revenue of more than $365 million. The fall from last year to this year was over 30%.

Profit, as would be expected, also was down. Last year, Monster Worldwide had a first quarter profit of $22.6 million. This year, the company lost more than $10 million. However, the company says that they had approximately $10 million in restructuring costs and other related fees.

Monster.com is one of the top 25 most visited websites on the Internet. Their database is the biggest search engine for job postings on the planet. It’s estimated that more than 100 million resumes are located on the site and over 500,000 job opening are advertised on the site.

Monster Jobs (Image: Flickr)