TeamViewer Reports Weak Results and Cuts Outlook

TeamViewer reported Q3 2026 revenue of €184.5 million, representing a 2.2% year-over-year decline in constant currencies, and an Adjusted EBITDA margin of 42.8%. While the company noted strong momentum in its TeamViewer ONE and DEX platforms and a stabilizing SMB business, it cited delayed conversion of large enterprise deals and economic uncertainty in Europe as factors impacting performance. Consequently, the company lowered its full-year 2026 revenue growth guidance to between -2% and -1% year-over-year in constant currencies, down from its previous forecast of 0% to 3%. The company reaffirmed its full-year 2026 Adjusted EBITDA margin guidance of approximately 43% and expressed expectations for accelerated ARR growth in 2027.