Germany · Delayed Price · Currency is EUR TeamViewer SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered stable revenue and strong profitability, with TeamViewer ONE showing rapid ARR growth and strong early adoption of AI features. Full-year guidance is reaffirmed, with ARR acceleration expected in H2 and continued investment in innovation and sales execution.
Fiscal Year 2025
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2025 saw solid revenue and margin growth, driven by enterprise strength and AI integration, while SMB performance lagged due to price sensitivity and churn. 2026 guidance is cautious, with low single-digit revenue growth expected, continued deleveraging, and a focus on product innovation and platform consolidation.
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Q3 2025 delivered 4% revenue and ARR growth, with strong profitability and enterprise momentum, but 1E underperformed due to churn and pipeline delays. Full-year ARR guidance was revised down, while EBITDA margin guidance was raised to 44%.
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Q2 2025 saw 6% revenue growth and 17% higher Adjusted EBITDA, driven by strong enterprise performance and new product launches. Despite U.S. headwinds, EMEA and APAC delivered solid results. Full-year guidance is reiterated, with growth acceleration expected in H2.
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Q1 2025 delivered 7% proforma revenue growth and 20% adjusted EBITDA growth, led by strong enterprise performance and successful 1E integration. Full-year guidance is reiterated despite macro uncertainties, with expectations for H2 acceleration and continued product innovation.
Fiscal Year 2024
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Delivered 9% revenue growth and 14% adjusted EBITDA increase in 2024, with enterprise revenue up 38% in Q4. 1E acquisition closed, integration underway, and 2025 guidance targets 7.5–10.8% ARR growth and 43% EBITDA margin. Focus remains on cross-sell, innovation, and deleveraging.
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The acquisition creates a global leader in digital workplace management by combining complementary strengths and expanding market reach. Strong cross-selling potential, robust financials, and a focus on AI-driven innovation are expected to drive double-digit revenue growth by 2027, with minimal customer overlap and no planned cost synergies.
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Q3 saw 8% revenue growth and a record 48% adjusted EBITDA margin, driven by strong enterprise momentum and cost discipline. Full-year guidance was narrowed, with continued caution due to macro headwinds, but fundamentals remain robust and the share buyback program nears completion.
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Q2 2024 saw strong enterprise and Americas growth, with revenue up 9% year-over-year and a 41% EBITDA margin. Guidance for 2024 is reiterated, with H2 billings growth expected to accelerate, and the company remains confident in its cash flow and margin targets.