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Germany's TeamViewer cuts 2026 revenue outlook on enterprise deal delays

By Reuters News


Overview

  • Germany remote connectivity firm's Q3 revenue fell 2.2% yr/yr in constant currency

  • Q3 adjusted EBITDA margin was 42.8%

  • Company cut full-yr 2026 revenue guidance on delayed enterprise deals, Europe uncertainty


Outlook

  • TeamViewer now expects 2026 revenue growth between -2% and -1% in constant currencies, vs 0% and 3% up previously

  • Company reaffirms 2026 adjusted EBITDA margin guidance of around 43%

  • Delayed conversion of large Enterprise deals and economic uncertainty in Europe seen weighing on Q4 2026 revenue


Result Drivers

  • ENTERPRISE DEAL DELAYS - Co said delayed conversion of large Enterprise deal volumes weighed on Q3 revenue and will affect Q4 outlook

  • ECONOMIC UNCERTAINTY - Co cited renewed economic uncertainty in Europe as a factor expected to weigh on revenue growth

  • NEW BUSINESS MOMENTUM - Co reported strong new business momentum in TeamViewer ONE and DEX, and meaningful ARR growth in highest-value Enterprise customer bucket


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

EUR 184.50 mln

EUR 190.23 mln (2 Analysts)

Q3 Adjusted EBITDA Margin

42.80%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for TeamViewer SE is €8.50, about 17.6% above its November 2 closing price of €7.23


Reuters Recommended Reads

  • Nov 2 - Hugo Boss lowers annual outlook on weak demand, higher expenses

  • Nov 2 - Germany's INIT cuts 2026 EBIT forecast as Q3 profit drops

  • Nov 2 - Temperature soars at Swedish grocery store freezers, one store blames hackers


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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