Q1 2026 TeamViewer SE Earnings Call Transcript

May 6, 2026 / 07:00 AM GMT

Transcript

Key Points

Positve

TeamViewer SE (TMVWF) reported strong profitability with an adjusted EBITDA margin of 45.3%, exceeding expectations.
Enterprise ARR grew by 18% year-over-year, excluding DEX, indicating strong underlying growth.
TeamViewer One is gaining commercial momentum, with its ARR doubling quarter over quarter.
The company is seeing significant traction with its AI capabilities, with over 1.3 million AI sessions generated.
TeamViewer SE (TMVWF) reaffirmed its full-year 2026 guidance, indicating confidence in future performance.

Negative

Q1 top-line growth was impacted by a one-off customer churn in 1E and strategic SMB cost corrections.
SMB revenue decreased by 1% year-over-year, reflecting the impact of strategic measures.
Reported revenue was negatively impacted by foreign exchange movements, resulting in a 3.3 percentage point headwind.
Levered free cash flow conversion was unusually low at 29%, due to cash flow timing effects.
The lower end of the SMB customer group faces challenges due to a commoditized market and high competition.

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

TMV.DE - TeamViewer SE
Q1 2026 TeamViewer SE Earnings Call
May 06, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to TeamViewer's Q1 2026 earnings call. I am Bisida Grubicic, Head of IR here 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 Q1 financials. The presentation will be concluded by a Q&A session.

As per usual, kindly note that you can find the important notice and the APM disclosure on slides 2 and 3.

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

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Unidentified_2 [2]
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