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TeamViewer SE
XBER:TMV

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TeamViewer SE
XBER:TMV
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Price: 5.655 EUR -0.44% Market Closed
Market Cap: 940.7m EUR

TeamViewer SE
Investor Relations

In the bustling corridors of technology and innovation, TeamViewer SE stands as a fascinating testament to the power of remote connectivity, bridging the physical and digital realms. Hailing from Germany, this global technology company burst onto the scene in 2005, initially focused on providing a remote desktop access solution to simplify IT support. With a robust software platform, TeamViewer enables the secure access and control of devices from virtually anywhere in the world. Over the years, its intuitive interface and expansive functionality have made it indispensable for businesses and individuals alike, providing solutions that encompass everything from troubleshooting technical issues to hosting virtual meetings and administering large-scale IT infrastructures remotely.

TeamViewer's business model thrives on an intricate mesh of subscription licensing, with customers spanning enterprises to individual users who need scalable solutions. By offering various pricing tiers based on the number of concurrent users and the extent of connectivity features, the company maximizes revenue through a subscription-based service model. Its success is further bolstered by partnerships and integrations with leading tech giants like Microsoft and Siemens, embedding its services into broader ecosystems. This strategic positioning allows TeamViewer not just to monetize its software rosters, but to pivot towards a promising future in the Internet of Things and augmented reality markets, where its technology is increasingly in demand for remote maintenance and smart factory solutions. Thus, TeamViewer SE’s narrative is one of agile adaptation and relentless pursuit in a world where digital connectivity becomes increasingly paramount.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Revenue Growth: TeamViewer reported Q3 revenue of around EUR 192 million, up 4% year-over-year in constant currency, with all regions contributing to growth.

Enterprise Strength: The enterprise segment remains the key growth driver, with stand-alone enterprise ARR up 18% and enterprise ARR overall up 12% year-over-year in constant currency.

1E Weakness: The 1E stand-alone business underperformed, with ARR down 2% and revenue down 8% year-over-year, leading to a downward revision of full-year ARR guidance.

Profitability: Adjusted EBITDA margin remained high at 46%, and adjusted EPS grew 15% year-over-year to EUR 0.34.

Guidance Update: Full year 2025 ARR guidance was lowered by EUR 35–40 million due to pipeline conversion delays and 1E weakness, but revenue guidance remains within the original range (EUR 778–797 million), albeit at the low end. EBITDA margin guidance was raised to 44%.

SMB Strategy Shift: TeamViewer paused short-term monetization measures in SMB to reduce churn and focus on customer satisfaction, which will impact short-term billings but stabilize ARR.

AI & Product Innovation: The company made progress integrating AI features and new products like DEX Essentials and TeamViewer ONE, with early positive adoption but no significant contribution to 2025 guidance yet.

Cash Flow & Leverage: Cash conversion for the year is now expected at 60% (down from prior 70% expectation), and net leverage ratio improved to 2.8x.

Key Financials
Revenue
EUR 192 million
Annual Recurring Revenue (ARR)
EUR 757 million
Enterprise ARR
EUR 230.5 million
1E Stand-alone Revenue
EUR 50 million
Adjusted EBITDA
EUR 88 million
Adjusted EBITDA Margin
46%
Adjusted EPS
EUR 0.34
SMB ARR
EUR 526 million
SMB Revenue
EUR 134 million
SMB Customers
640,000
SMB Average Selling Price
EUR 822
Enterprise Customers
5,216
Enterprise Average Selling Price
EUR 44,000
Enterprise Net Retention Rate
97%
Enterprise Net Retention Rate (with upsell adjusted)
102%
Levered Free Cash Flow
EUR 21 million
Cash Conversion
24% for Q3, 49% year-to-date
Net Leverage Ratio
2.8x
Cash and Cash Equivalents
EUR 28 million
Net Financial Liabilities
EUR 970 million
Interest Expenses
EUR 10.4 million
Earnings Call Recording
Other Earnings Calls

Management

Contacts

Address
BADEN-WUERTTEMBERG
Goeppingen
Bahnhofsplatz 2
Contacts
+4971616069250
www.teamviewer.com