TeamViewer shares rise 9.4% on 2Q results
TeamViewer shares rose 9.4% on July 2, 2025, following the release of its second-quarter (Q2) 2025 results. The company reported a 15% year-over-year (yoy) growth in enterprise revenue and a strong adjusted EBITDA margin of 44%, up from 40% in the previous quarter [1].
The results were driven by solid growth in key business areas and markets, particularly in the EMEA region. Despite challenging macroeconomic conditions, EMEA contributed significantly to the Q2 revenue growth. The enterprise business in EMEA showed strong momentum, while the SMB business also demonstrated high traction compared to other regions [1].
However, the company faced headwinds in the AMERICAS region, particularly in the US market. Budget cuts on IT spending in the US public sector impacted the sales motion from 1E and ultimately TeamViewer's enterprise growth in Q2. Nevertheless, the company retained key federal customers like the US Department of Veterans Affairs, highlighting the relevance of its solutions [1].
TeamViewer's pro forma revenue increased by a solid 5% yoy to €190.7m in Q2 2025, driven by a good enterprise business in EMEA and despite challenging conditions in AMERICAS. The company's pro forma adjusted EBITDA margin expanded from 40% to 44%, and pro forma adjusted EPS grew by 19% yoy [1].
The company also made significant progress with its product portfolio and strategic initiatives. It introduced DEX Essentials, a new offering designed to bring DEX capabilities to small and medium-sized businesses, and TeamViewer ONE, a unified digital workplace management platform. Additionally, the company's AI features were expanded and bundled into a single add-on named TeamViewer Intelligence [1].
TeamViewer's pro forma ARR is expected to grow between +7.5% to +10.8% yoy and pro forma revenue to grow between +5.1% to +7.7% yoy for the full fiscal year 2025 [1].
References:
[1] https://www.marketscreener.com/news/teamviewer-q2-2025-results-250729-tmv-q2-2025-results-ce7c5fd9d88cf123
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