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TeamViewer cuts 2026 revenue outlook as Q3 revenue falls 

By Reuters News


Overview

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

  • Adjusted EPS for Q3 fell 19% yr/yr

  • Company cut full-year revenue guidance, citing delayed enterprise deals and economic uncertainty


Outlook

  • TeamViewer lowers FY 2026 revenue growth guidance to between -2% and -1% cc yoy

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

  • TeamViewer expects ARR growth to accelerate in 2027, supported by Enterprise sales scaling and new business pipeline


Result Drivers

  • ENTERPRISE DEAL DELAYS - Co said slower conversion of large Enterprise deals and renewed economic uncertainty in Europe weighed on Q3 results and led to softer Q4 outlook

  • NEW BUSINESS MOMENTUM - Co said TeamViewer ONE and DEX new and upsell business grew sixfold yr/yr in Q3, with strong traction among large Enterprise accounts

  • SMB STABILIZATION - Co said SMB churn stabilized sequentially in Q3, providing early signs of a potential turnaround


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EBITDA

Slight Miss*

EUR 78.90 mln

EUR 79.39 mln (2 Analysts)

Q3 Basic EPS

EUR 0.23

Q3 EBIT

EUR 63.30 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


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

  • Nov 2 - Germany's Amadeus Fire nine-month revenue falls on weakness in Personnel Services segment

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


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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