Half Year 2025 TeamViewer SE Earnings Call Transcript
Key Points
- TeamViewer SE (TMVWY) reported a strong double-digit increase of 15% in enterprise revenue, contributing to a solid proforma revenue growth of 6% year over year in constant currency.
- Profitability remained robust with an adjusted EBITDA up 17% year over year, achieving a strong margin of 44%, a significant increase of 4 percentage points.
- The company successfully integrated new technology into its product portfolio, launching DEX Essentials and TeamViewer One, showing promising early momentum in the digital workplace offerings.
- Revenue growth was observed across all regions, with particularly strong performance in EMEA, which delivered almost EUR100 million in revenue, up 8% year over year.
- TeamViewer SE (TMVWY) retained key federal clients like the US Department of Veterans Affairs, demonstrating the critical value of its solutions to large organizations.
- The US market presented challenges due to a difficult macroeconomic environment, impacting customer decision-making and leading to budget cuts in the federal public sector.
- The company's performance was partially offset by softer results from 1E, which faced headwinds due to challenges in the US and recent budget cuts affecting US federal customers.
- SMB revenue growth was modest at 3% year over year in constant currency, reflecting broader macroeconomic pressures faced by smaller businesses globally.
- The Americas region experienced slower growth, with revenue up only 3% reported and 5% in constant currency, affected by political uncertainties and budget constraints.
- Sequentially, ARR was broadly flat, primarily due to challenging US market conditions and sequential negative effects.
Thank you, operator, and good morning everybody. Welcome to TeamViewers Q2 earnings poll. I am B A Grubiy, head of IR, and I am joined today by our CEO Oliver, CFO Michael, and CCO Mark. Oliver will run you through the quarterly business highlights. Mark will talk about our new product launches in the decks and digital workplace space, and Michael will present the financials.
The presentation will be concluded by a Q&A session. Same as in Q1. We will present non-IRS format topline and adjusted EBDA performance. And please note that you can find the important notice and the APM disclosure on slide 2 and 3. And with this, I hand it over to Oliver to kick off our presentation.
Thank you, Bisera. Good morning, everyone. Also welcome welcome from me. Thank you for joining our call today. As always, let me begin with the highlights of the last quarter. I think in the 2nd quarter, we made, really
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