TeamViewer's FY 2024 Earnings: A Steady Performance Amidst Market Challenges

TeamViewer SE (TMVWF) has reported its full-year 2024 earnings, delivering a steady performance in line with market expectations. Despite facing macroeconomic challenges, the company managed to maintain its growth trajectory, driven by strategic acquisitions and a strong product offering.

TeamViewer's FY 2024 revenue grew by 7.14% year-over-year (YoY) to €671.4 million, while earnings increased by 7.95% to €123.1 million. The company's adjusted EBITDA also saw a significant increase of 14.00% YoY, reaching €296.7 million, with an adjusted EBITDA margin of 44.00%, up from 42.00% in the previous year.

One of the key drivers behind TeamViewer's strong performance was the impressive 38% YoY growth in enterprise revenue during Q4 2024. This growth was fueled by large enterprise and frontline deals, particularly in the last weeks of the fourth quarter. The company's enterprise ARR growth of 21% YoY at the end of 2024 further underscores the consistent demand for TeamViewer's solutions across industries, use cases, and regions.

TeamViewer's acquisition of 1E, a leader in digital employee experience, also contributed to its growth. 1E achieved a 30% YoY increase in ARR and a 23% increase in revenue, providing cross-selling opportunities and maintaining a high adjusted EBITDA margin of around 43% in 2025. The integration of 1E is expected to unlock new value in a growing market, further strengthening TeamViewer's strategic positioning.

In conclusion, TeamViewer's FY 2024 earnings reflect a steady performance amidst market challenges, driven by strong enterprise revenue growth and strategic acquisitions. The company's ability to maintain its growth trajectory, despite macroeconomic headwinds, demonstrates its resilience and potential for long-term success. As TeamViewer continues to innovate and expand its offerings, investors should keep a close eye on the company's progress in the coming quarters.