TeamViewer SE
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TeamViewer SE
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.
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.
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.