TeamViewer AG
XETRA:TMV
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TeamViewer AG
XETRA:TMV
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TeamViewer AG
TeamViewer AG, founded in 2005 in Göppingen, Germany, has steadily navigated the digital landscape with its innovative software solutions, making significant strides in the field of remote connectivity and digital collaboration. Born out of the necessity for seamless remote computer access and control, TeamViewer has evolved into a global player with a user base that touches nearly every corner of the world. The company's core product, the TeamViewer software, is renowned for its ease of use and robust security features, allowing users to connect to any device irrespective of geographical barriers. This capability is particularly attractive to businesses and individual users alike, facilitating IT support and remote work at a time when digital connectedness is more crucial than ever.
Underpinning its business model is a subscription-based revenue structure, primarily targeting enterprises of various scales. TeamViewer's profitability hinges on licensing its software, which provides features ranging from simple remote desktop access to comprehensive IT management solutions. In recent years, TeamViewer has expanded its reach beyond traditional remote access, venturing into complementary areas such as the Internet of Things (IoT) and augmented reality (AR). These efforts aim to bolster its portfolio and align with evolving market demands. By continually enhancing its platform and broadening its service offerings, TeamViewer not only retains its competitive edge but also embarks on a strategic journey towards sustained growth and diversification.
TeamViewer AG, founded in 2005 in Göppingen, Germany, has steadily navigated the digital landscape with its innovative software solutions, making significant strides in the field of remote connectivity and digital collaboration. Born out of the necessity for seamless remote computer access and control, TeamViewer has evolved into a global player with a user base that touches nearly every corner of the world. The company's core product, the TeamViewer software, is renowned for its ease of use and robust security features, allowing users to connect to any device irrespective of geographical barriers. This capability is particularly attractive to businesses and individual users alike, facilitating IT support and remote work at a time when digital connectedness is more crucial than ever.
Underpinning its business model is a subscription-based revenue structure, primarily targeting enterprises of various scales. TeamViewer's profitability hinges on licensing its software, which provides features ranging from simple remote desktop access to comprehensive IT management solutions. In recent years, TeamViewer has expanded its reach beyond traditional remote access, venturing into complementary areas such as the Internet of Things (IoT) and augmented reality (AR). These efforts aim to bolster its portfolio and align with evolving market demands. By continually enhancing its platform and broadening its service offerings, TeamViewer not only retains its competitive edge but also embarks on a strategic journey towards sustained growth and diversification.
Revenue Growth: TeamViewer delivered 5% constant currency pro forma revenue growth in 2025, reaching EUR 768 million, with all regions contributing and revenue landing within guidance.
Enterprise Strength: Enterprise ARR grew by 11% year-over-year, with strong Q4 performance and significant strategic wins, while SMB struggled with flat or declining growth.
Profitability: Adjusted EBITDA margin improved to 44.3% for 2025, up 2 percentage points from the prior year, and adjusted EPS rose 17% to EUR 1.23.
2026 Guidance: Management expects constant currency revenue growth of 0% to 3% in 2026, with an adjusted EBITDA margin of around 43% and a focus on deleveraging.
AI & Product Innovation: TeamViewer invested heavily in embedding AI across its product suite and launched TeamViewer ONE, a unified digital workplace platform, with early strong customer traction.
SMB Challenges: The SMB segment showed revenue softness, increased churn, and negative ARR growth; corrective actions are underway but improvement may be gradual in 2026.
Cash Flow & Leverage: Free cash flow conversion was strong at 61% in 2025, and net leverage improved to 2.6x; further deleveraging to 2.3x is targeted for year-end 2026.
