TomTom slips as Q3 revenue misses estimates

By Reuters News07:57 (UTC), 15 October 2026 Updated

** 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

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