CareerBuilder Surpasses Monster in Q2 Revenue

By: E&P Staff

CareerBuilder reported on Wednesday total revenue was $172 million in Q2 beating Monster’s quarterly results by about $9 million. Monster said that revenue for its North America division was $162 million.

Monster breaks out its revenue by division. For the entire company — Monster extends to several countries — total revenue for the quarter was $296 million.

In a press release, CareerBuilder also said it beat the competition in traffic, drawing 23 million unique visitors per month, 9 million more than its nearest competitor.

“We didn’t invent the industry, but in five years, we have taken over it,” boasted Matt Ferguson, CEO of CareerBuilder, in a statement.

Still unresolved is the one-third stake in the company up for grabs. Gannett, Tribune, and Knight Ridder took over CareerBuilder each taking a one-third ownership position. Gannett and Tribune have first right of refusal over Knight Ridder’s shares since McClatchy purchased Knight Ridder in a deal that closed in late June.

It’s unclear whether the two companies will sell Knight Ridder’s stake to McClatchy. Industry watchers think it’s likely that McClatchy will get some portion of CareerBuilder but far less than one-third.

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