Quick take for investors: The announcement is somewhat negative in the short term because TeamViewer is lowering its revenue forecast. On the positive side, profitability remains stable, and the company expects stronger growth again in 2027. [ir.teamviewer.com]
- TeamViewer has lowered its revenue forecast for 2026. Instead of growth of 0% to 3%, the company now expects revenue to decline by 1% to 2% compared to 2025 (on a constant-currency basis). [ir.teamviewer.com]
- Q3 2026 Results:
- ARR (Annual Recurring Revenue): €736.9 million (-0.6%)
- Revenue: €184.5 million (-2.2% compared to the previous year)
- Adjusted EBITDA margin: 42.8%
[ir.teamviewer.com] - First nine months of 2026:
- Revenue: €550.4 million (-1.3%)
- Adjusted EBITDA margin: 43.7%
[ir.teamviewer.com] - Reasons for the downward revision of the forecast:
- Delays in closing major enterprise contracts.
- Renewed economic uncertainty in Europe.
- This is expected to weigh on revenue growth in the fourth quarter of 2026. [ir.teamviewer.com]
- Positive developments:
- Strong new business at TeamViewer ONE and DEX.
- Significant ARR growth among the largest enterprise customers.
- Stabilization of the SMB business (small and medium-sized enterprises). [ir.teamviewer.com]
- Outlook for 2027:
- Management expects ARR growth to accelerate through:
- Expansion of enterprise sales in EMEA,
- improved momentum in the U.S. enterprise business,
- a stronger sales pipeline. [ir.teamviewer.com]
- Profit margin remains unchanged:
- The forecast for an adjusted EBITDA margin of approximately 43% for 2026 has been confirmed. [ir.teamviewer.com]