Germany's TeamViewer FY 2025 revenue up 5%, cautious on 2026

TeamViewer SE

10/02/2026 06:11

Overview

Germany digital workplace platform's FY 2025 revenue grew 5% cc yoy, in line with company's guidance

Adjusted EBITDA for FY 2025 rose 8% yoy, achieving a 44.3% margin

Company expects 2026 revenue growth between 0% and 3% cc yoy

Outlook

TeamViewer expects 2026 revenue growth of 0-3% cc yoy, reflecting exit ARR growth in 2025 and cautious view on ARR 2026

Company forecasts 2026 adjusted EBITDA margin of around 43%

TeamViewer aims for mid-term growth acceleration to mid-to-high single digits

Result Drivers

ENTERPRISE MOMENTUM - TeamViewer's Enterprise ARR grew 19% cc yoy, driven by strong performance and a major Frontline deal in the US

AI AND DIGITAL PLATFORM - Launch of TeamViewer ONE and AI features drove customer interest and adoption

1E TURNAROUND - 1E business saw sequential ARR growth with strategic DEX wins, including a €10m TCV deal

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EBITDA
Beat
EUR 87 mln
EUR 82.66 mln (2 Analysts)
Q4 Adjusted EBITDA Margin
45.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for TeamViewer SE is €10.00, about 69.5% above its February 9 closing price of €5.90

Press Release: ID:nEQ1kLlWBa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)