TomTom slips as Q3 revenue misses estimates

TomTom NV

15/10/2026 08:57

** Shares in TomTom  TOM2.AS fall nearly 5% after the Dutch location technology company posted lower-than-expected revenue
** Third-quarter revenue fell to €128.9 million, missing the €131 million forecast seen in a company-provided consensus
** The results highlighted continued weak revenue trends with underlying automotive trends remaining poor and Enterprise revenue falling short of expectations, ING analyst Marc Hesselink said
** Including today's fall, the stock has dropped by 33.09% YTD​
** Shares on track for their worst day since Aug. 17

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))