TeamViewer SE (FRA:TMV1)

Half Year 2026 TeamViewer SE Earnings Call Transcript

Jul 28, 2026 / 07:00 AM GMT

Transcript

Key Points

Positve

TeamViewer SE (TMVWF) reported a strong adjusted EBITDA margin of 43.2%, demonstrating financial discipline.
The company saw a significant improvement in enterprise momentum, driven by the DEX turnaround and the adoption of TeamViewer One.
TeamViewer SE (TMVWF) formed a strategic partnership with ServiceNow, enhancing its market position and expanding customer reach.
The company received external recognition from industry analysts, reinforcing its leadership in digital employee experience management tools.
TeamViewer SE (TMVWF) achieved a milestone with FedRAMP in progress designation, opening access to the US federal market.

Negative

Revenue was down 1.4% year-over-year in constant currency, reflecting ongoing headwinds.
SMB ARR remained under pressure, down 4% year-over-year in constant currency.
Free cash flow conversion was lower at 52%, impacted by fewer upfront payments on multi-year deals.
The company faced a 5.4 percentage point FX headwind affecting adjusted EBITDA.
There is a cautious spending environment, likely due to macroeconomic uncertainties, affecting customer decision-making.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TMV.DE - TeamViewer SE
Half Year 2026 TeamViewer SE Earnings Call
Jul 28, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, operator, and good morning, ladies and gentlemen, and welcome to TeamViewer's Q2 2026 earnings call. I am Bisera Grubisic, Head of IR at TeamViewer, and today I am joined by our CEO, Oliver Steil, CFO, Michael Wilkins and CRO, Mark Banfield. Oliver and Mark will run you through the quarterly business update and Michael will present the financials, and the presentation will be concluded by a Q&A session.

Please note that you can find the important notice and the APM disclosure on Slides 2 and 3 as per usual.

And with this, I'd like to hand it over to Oliver to kick off our presentation.

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Unidentified_2 [2]
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