TeamViewer Q1 2026 Financial Results: Stability and Strategic Growth

TeamViewer SE reported stable revenues for Q1 2026, aligning with expectations at €183.2 million, despite a slight decline year-on-year. The Enterprise ARR increased by 8%, highlighting strong underlying growth, impacted by a one-time churn effect from 1E. Excluding this churn, Enterprise ARR would have grown by 11%. SMB performance was affected by strategic course-correction measures, anticipated to stabilize later in the year.

Adjusted EBITDA improved by 2% to €83.0 million, maintaining a margin of 45.3%. TeamViewer affirmed its full-year guidance, expecting 0% to 3% revenue growth and an EBITDA margin of around 43%. AI adoption is rapidly scaling, with TeamViewer clients generating over 1.4 million AI session summaries. TeamViewer ONE is gaining momentum, with daily billings doubling since December 2025.

CEO Oliver Steil emphasized the company's commitment to delivering on its 2026 guidance. CFO Michael Wilkens confirmed the company's financial plans are on track, aiming for continued deleveraging with a year-end target of 2.3x net leverage ratio.