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Investing.com -- TeamViewer AG (ETR:TMV) on Tuesday reported solid second quarter results with pro forma revenue growing 6% year-over-year in constant currency to €190.7 million, driven by 15% growth in its Enterprise segment despite macroeconomic headwinds in the U.S. market.
The company’s shares rose 4.2% following the announcement.
The remote connectivity software provider delivered a strong adjusted EBITDA of €84 million, up 17% from the previous year, resulting in a 44% margin that improved by 4 percentage points year-over-year.
Adjusted earnings per share increased 19% to €0.28 compared to the same period last year.
TeamViewer’s Enterprise revenue reached €58.7 million, up 15% in constant currency, while SMB (small and medium business) revenue grew more modestly at 3% to €132 million.
The company’s annual recurring revenue (ARR) increased 4% to €759.1 million, with Enterprise ARR growing 13% to €227.1 million.
"TeamViewer’s second quarter was marked by continued strategic progress," said CEO Oliver Steil. "We successfully delivered on product enhancements and underlined our market leading position with a strong global customer base and an Enterprise business growing continuously at double-digit."
Regional performance varied significantly, with EMEA showing strong 8% growth to €99.8 million, while the Americas region faced challenges due to U.S. public sector budget cuts, growing 5% to €72.7 million. The APAC region grew 4% to €18.2 million.
The company highlighted progress with its 1E integration, introducing DEX Essentials for SMB customers and launching TeamViewer ONE, a unified digital workplace management platform.
TeamViewer reiterated its full-year 2025 guidance, expecting pro forma ARR to grow between 7.5% and 10.8% and revenue to increase between 5.1% and 7.7%.
CFO Michael Wilkens noted, "We delivered pro forma adjusted EPS growth of 19% YoY and a 71% levered FCF conversion. Pro forma net leverage ratio improved further to 2.9x, down from 3.1x in Q1 2025. We remain firmly committed to continued deleveraging and long-term value creation."