TeamViewer SE (FRA:TMV)

Preliminary Q4 2025 TeamViewer SE Earnings Call Transcript

Feb 10, 2026 / 08:00AM GMT

Release Date Price: €5.52 (-5.96%)

Transcript

Key Points

Positve

TeamViewer SE (TMVWF) achieved a 5% pro forma revenue growth in constant currency year over year, with strong performance in the Enterprise segment.
The company successfully integrated TeamViewer and 1E capabilities, launching new products like TeamViewer ONE, which showed strong traction in Q4.
Enterprise ARR grew by 11% year over year in constant currency, with significant strategic wins in DEX and Frontline.
TeamViewer SE (TMVWF) maintained a high profitability with a pro forma adjusted EBITDA margin slightly above 44%.
The company improved its net leverage ratio to 2.6 times, demonstrating effective deleveraging efforts.

Negative

The SMB business underperformed, with revenue growth slowing down and ARR declining by 1% in constant currency.
The 1E business did not meet expectations due to integration challenges and key talent departures.
Q1 2026 is expected to be soft due to anticipated one-off churn effects in the 1E segment.
The company faces ongoing macroeconomic difficulties and geopolitical tensions affecting customer decision-making.
Despite revenue growth, the guidance for 2026 indicates a potential growth range of only 0% to 3% in constant currency, reflecting ongoing challenges.

Bisera Grubesic

TeamViewer SE - Vice President - Investor Relations

Good morning, ladies and gentlemen, and welcome to TeamViewer's Q4 and full-year '25 earnings call. I am Bisera Grubesic, Head of IR. Today, I am joined by our CEO, Oliver Steil; CFO, Michael Wilkens; and CRO, Mark Banfield. Oliver and Mark will run you through the quarterly business update. Michael will present Q4 and financial -- and full-year financials, followed by the full-year guidance and midterm targets. The presentation will be concluded by a Q&A session.

Same as in the previous quarters, we will present non-IFRS pro forma top line and adjusted EBITDA performance. And also, please note that you can find the important notice and the APM disclosure on slides 2 and 3.

And I now hand it over to Oliver to kick off.

Oliver Steil

TeamViewer SE - Chairman of the Management Board, Chief Executive Officer

Thank you, Bisera. Good morning, everyone. Also welcome from my side. Thank you for joining our call today. As the last year was clearly a year of transition after the

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