Exhibit 99.1

Monster Worldwide Reports Second Quarter 2012 Results

Careers – North America Bookings Increased 14% Year Over Year Due to

Strong Demand for Advanced Technology Product Suite, Particularly in Government And Staffing

Global Bookings of $242 Million Decreased 4% Year Over Year

GAAP EPS of $0.04, Non-GAAP EPS of $0.06

Total Liquidity of $318 Million After Returning $26 Million to Shareholders Through

Share Repurchases During Q2 and $101 Million Since Inception of Current Program

New York, August 2, 2012— Monster Worldwide, Inc. (NYSE:MWW) today reported financial results for the second quarter ended June 30, 2012.

Business Highlights

Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “During the quarter, we continued to execute our strategy and are gratified by the increasing customer acceptance of our advanced technologies. This resulted in double-digit year over year bookings growth in North

America and helped to buffer weakness in Europe and Asia. As a result of our restructuring announced earlier in the year, we were able to improve profitability sequentially while increase marketing efforts designed to accelerate adoption of our new products.”

“We continue to thoroughly explore strategic alternatives as previously announced in March and that process is progressing as planned,” concluded Iannuzzi.

Second Quarter 2012 Results

(For comparison purposes, non-GAAP bookings, revenue and operating expense in the second quarter 2011 exclude the $11 million impact of the arbitrage lead generation activity.)

Bookings of $242 million decreased 4% compared to second quarter 2011 bookings of $251 million. On a constant currency basis, bookings were unchanged compared to the year ago period. Careers – North America bookings increased by 14% year over year due to continued strength in the Company’s Government Solutions business, Staffing and Newspaper verticals. This growth was offset by weakness in Europe and Asia, both of which have been negatively impacted by global economic challenges and currency translation. Historical data on bookings for prior quarters is available in the Company’s supplemental financial information.

Revenue in the second quarter 2012 was $237 million. This compares to second quarter 2011 GAAP revenue of $270 million and non-GAAP revenue of $259 million. On a year over year basis, currency translation had a $9.2 million negative impact on revenue in the second quarter 2012.

Global Careers revenue of $217 million compares to second quarter 2011 Global Careers revenue of $236 million, a year over year decline of 8%. On a constant currency basis, Global Careers revenue decreased 4% year over year. Careers – North America revenue was $116 million, a decrease of 5% compared to Careers – North America revenue of $123 million in the second quarter 2011. Careers – International revenue was $101 million, a decrease of 11% compared to Careers – International of $113 million in the same period a year ago.

2

IAF revenue of $20 million compares to $34 million in the second quarter 2011. As previously disclosed, the Company decided to no longer engage in arbitrage lead generation activity as of July 1, 2011. Excluding $11 million of arbitrage lead generation activity in the second quarter 2011, IAF revenue declined $3 million on a year over year basis.

Consolidated GAAP operating expenses of $228 million compares to $256 million in the first quarter 2012. Net Income was $4.8 million, or $0.04 per share. This compares to a net income of $11 million or $0.09 per share in the prior year period.

GAAP net income for the quarter included $3 million of pre-tax charges associated with the restructuring program announced in January 2012 and costs related to the Company’s decision to explore strategic alternatives. On a per share basis net of tax, this GAAP item had a negative $0.02 impact on the Company’s EPS in the quarter. Pro-forma items are described in the “Notes Regarding the Use of Non-GAAP Financial Measures” and are reconciled to the GAAP measure in the accompanying tables.

Non-GAAP net income of $6.8 million, or $0.06 per share, compares to $11 million, or $0.09 per share in the second quarter 2011. Non-GAAP operating expenses of $225 million declined 7% year over year primarily due to the Company’s continued focus on cost management and benefits from the restructuring program announced in January 2012.

Cash and cash equivalents were $158 million as of June 30, 2012 compared to $250 million as of December 31, 2011. Net operating cash flow was $6.9 million in the quarter. Deferred revenue as of June 30, 2012 was $372 million, compared to $380 million as of December 31, 2011.

Share Repurchase

During the second quarter 2012, Monster repurchased 3.0 million shares of its common stock at an average cost of $8.48 per share, for a total of $26 million. At June 30, 2012, there was approximately $149 million remaining under the Company’s $250 million share repurchase program.

3

Six Months Results

(For comparison purposes, GAAP revenue in the six months ending June 30, 2011 excludes the $22 million impact of the arbitrage lead generation activity.)

Monster Worldwide reported total revenue of $483 million for the first six months ended June 30, 2012 compared to $509 million in the same period last year, a 5% decrease. Monster Careers revenue decreased 4% to $444 million compared with $464 million in the 2011 period. Internet Advertising & Fees reported revenue of $39 million compared to $45 million in the prior year period. The Company reported earnings of $8.5 million, or $0.07 per share, compared to $11 million, or $0.09 per share, in the prior period.

Company Provides Third Quarter 2012 Outlook

The Company offered the following business outlook based on current available information and expectations as of August 2, 2012.

Q3 2012 Outlook

In light of continued global economic weakness, particularly in Europe, and the impact of currency translation, third quarter bookings are expected to be down 10% to flat compared to the third quarter 2011 of $264 million. Third quarter revenue is expected to be down 12% to down 6% compared to the third quarter 2011 of $259 million. Third quarter earnings are expected to be in the range of $0.02 to $0.07 per share. This compares to third quarter 2011 non-GAAP EPS of $0.13.

Special Note: The statements in this release that are not strictly historical, including, without limitation, statements regarding the Company’s strategic direction, prospects and future results, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties and, therefore, actual results may differ materially from what is expressed or implied herein and no assurance can be given that the Company will achieve, among other things, its outlook with respect to bookings, revenue or earnings per share for the third quarter of 2012. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, economic and other conditions in the markets in which we operate, risks associated with acquisitions or dispositions, competition, and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated into this release by reference. Many of the factors that will determine the Company’s future results are beyond the ability of management to control or predict. Readers should not place undue reliance on the forward-looking statements in this release as they reflect management’s views only as of the date hereof. The Company undertakes no obligation to revise or update any of the forward-looking statements contained in this release or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

4

Conference Call and Webcast

Second quarter 2012 results will be discussed on Monster Worldwide’s quarterly conference call on August 2, 2012 at 8:30 AM ET. A live webcast of the conference call can be accessed online through the Investor Relations section of the Company’s website at http://ir.monster.com. To join the conference call by telephone, please dial (888) 696-1396 or (706) 758-9636 and reference conference ID#93621252.

A presentation of financial slides will be referenced during the conference call and will be viewable through the live webcast. A PDF of the financial presentation can also be accessed directly at http://www.about-monster.com/sites/default/files/Q2 2012 earning slide final.pdf or through the Company’s Investor Relations website at http://ir.monster.com.

The Company has also made available certain supplemental financial information which can be accessed directly at http://www.about-monster.com/sites/default/files/MWWQ2FinancialSupplements_0.PDF or through the Company’s Investor Relations website at http://ir.monster.com.

For a replay of the conference call, please dial (855) 859-2056 or (404) 537-3406 and reference ID#93621252. This number is valid until midnight on August 23, 2012.

Contacts

Investors: Lori Chaitman, (212) 351-7090, Lori.Chaitman@monster.com

Media: Amy Rosenberg, (917) 439-9309, Amy.Rosenberg@bm.com

5

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster^®, is the worldwide leader in successfully connecting people to job opportunities. From the web, to mobile, to social, Monster helps companies find people with customized solutions using the world’s most advanced technology to match the right person to the right job. With a local presence in approximately 55 countries, Monster connects employers with quality job seekers at all levels, provides personalized career advice to consumers globally and delivers vast, highly targeted audiences to advertisers. To learn more about Monster’s industry-leading products and services, visit www.monster.com. More company information is available at http://about-monster.com.

Notes Regarding the Use of Non-GAAP Financial Measures

The Company has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles (“GAAP”) and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

Non-GAAP revenue, operating expenses, operating income (loss), operating margin, net income or loss and diluted earnings per share all exclude certain pro-forma adjustments including: severance, facility charges and asset impairments from our 2012 restructuring; costs incurred for the Company’s review of strategic alternatives; the recovery of a restitution award from a former executive related to the Company’s historical stock option practices; the fair value adjustment to deferred revenue in connection with the acquisition of HotJobs; severance charges related to the targeted global headcount reduction; acquisition and integration-related costs associated with the acquisition of HotJobs; facility charges primarily related to changes in sublet assumptions on previously exited facilities; and realized gains on marketable securities. The Company uses these non-GAAP measures for reviewing the ongoing results of the Company’s core business operations and in certain instances, for measuring performance under certain of the Company’s incentive compensation plans. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is defined as net income or loss before interest income or expense, income tax expense or benefit, net gain or loss in equity interests, depreciation and amortization, non-cash compensation expense and non-cash restructuring costs. The Company considers EBITDA to be an important indicator of its operational strength which the Company believes is useful to management and investors in evaluating its operating performance. EBITDA is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies.

Operating income before depreciation and amortization (“OIBDA”) is defined as net income or loss from operations before depreciation, amortization of intangible assets, amortization of stock-based compensation and non-cash costs incurred in connection with the Company’s restructuring program. The Company considers OIBDA to be an important indicator of its operational strength. This measure eliminates the effects of depreciation, amortization of intangible assets, amortization of stock-based compensation and non-cash restructuring costs from period to period, which the Company believes is useful to management and investors in evaluating its operating performance. OIBDA is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies.

6

Bookings represent the dollar value of contractual orders received in the relevant period.

Free cash flow is defined as cash flow from operating activities less capital expenditures. Free cash flow is considered a liquidity measure and provides useful information about the Company’s ability to generate cash after investments in property and equipment. Free cash flow reflected herein is a non-GAAP measure and may not be comparable to similarly titled measures reported by other companies. Free cash flow does not reflect the total change in the Company’s cash position for the period and should not be considered a substitute for such a measure.

Net cash and securities is defined as cash and cash equivalents plus short-term marketable securities, less total debt. Total available liquidity is defined as cash and cash equivalents, plus short-term marketable securities plus unused borrowings under our credit facilities. The Company considers net cash and securities and total available liquidity to be important measures of liquidity and indicators of its ability to meet its ongoing obligations. The Company also uses net cash and securities and total available liquidity, among other measures, in evaluating its choices for capital deployment. Net cash and securities and total available liquidity are presented herein as non-GAAP measures and may not be comparable to similarly titled measures used by other companies.

7

MONSTER WORLDWIDE, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

MONSTER WORLDWIDE, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

MONSTER WORLDWIDE, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

MONSTER WORLDWIDE, INC.

UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS AND RECONCILIATIONS

(in thousands, except per share amounts)

Note Regarding ProForma Adjustments:

The financial information included herein contains certain non-GAAP financial measures. This information is not intended to be used in place of the financial information prepared and presented in accordance with GAAP, nor is it intended to be considered in isolation. We believe that the above presentation of non-GAAP measures provide useful information to management and investors regarding certain core operating and business trends relating to our results of operations, exclusive of certain restructuring related and other special charges.

ProForma adjustments consist of the following:

MONSTER WORLDWIDE, INC.

UNAUDITED NON-GAAP OPERATING SEGMENT INFORMATION

(in thousands)