TeamViewer (TMV) Q3 2026 earnings summary

Executive summary

• Q3 revenue was €184.5m (-2.2% YoY cc) and ARR was €736.9m (-0.6% cc); Enterprise platform momentum strengthened while SMB trends stabilized.

• FY 2026 revenue growth guidance was cut to -2% to -1% cc; adjusted EBITDA margin guidance of ~43% was reaffirmed.

Financial highlights

• Q3 revenue was €184.5m, down 4% reported versus €192.0m pro forma; adjusted EBITDA was €78.9m, down 10% YoY, with a 42.8% margin.

• Gross profit was €167.8m at a 91% margin; EBIT was €63.3m, down 4%.

• Net income rose 26% to €36.0m; adjusted EPS was €0.27, down 19% YoY.

• Adjusted levered free cash flow was €27.3m, up 29%; adjusted cash conversion improved to 35% from 24%.

Outlook and guidance

• FY 2026 revenue growth guidance was lowered to -2% to -1% YoY cc from 0% to 3%; adjusted EBITDA margin guidance remained ~43%.

• Delayed Enterprise deal conversion and renewed European uncertainty weighed on the outlook; improved U.S. Enterprise momentum and EMEA sales scaling are expected to support ARR growth in 2027.

• Q&A estimates indicated Q4 Enterprise ARR growth of 2%–3% and total ARR exit growth of -2% to 0%; these were directional, not formal guidance.