TeamViewer shares fall after Q1 miss

TeamViewer SE

07/05/2024 08:39

** Shares in TeamViewer  TMV.DE  drop around 7% to February
2023 lows after the German software developer reported Q1
revenue and earnings below expectations
    ** Revenue rose 7% to 161.7 million euros, short of an LSEG
consensus estimate of 165.6 million euros, while adjusted EBITDA
came in at 65.2 million euros, below the estimate of 73.5
million
    ** "Q1 margin and billings disappoint should weigh on shares
at least first," a local trader says


 (Eva Orsolya Papp)
 ((evaorsolya.papp@thomsonreuters.com))