Teamviewer Se · XETR:TMV
Teamviewer — Q1 2026 Earnings Presentation
34 slides from Teamviewer's earnings presentation, May 6, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results 6 May 2026 The Digital Workplace Company
Slide 2: Important Notice / APMs
Important Notice / APMs This presentation as well as any information communicated in connection All subsequent written and oral forward-looking statements attributable to it therewith (the “Presentation”) contains information regarding TeamViewer or to persons acting on its behalf are expressly qual
Slide 3: Important Notice / APMs (continued)
Important Notice / APMs (continued) TeamViewer has defined each of the following APMs as follows: • Adjusted EBITDA is defined as operating income (EBIT) according to IFRS, plus depreciation • Average Selling Price (ASP) is calculated by dividing the total ARR by the total number of and amortization
Slide 4: Business Overview
Business Overview Oliver Steil Mark Banfield Chief Executive Officer Chief Revenue Officer The Digital Workplace Company
Slide 5: Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc
Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance reaffirmed Maintaining best-in-class Topline broadly stable, in line Growth in Q1 impacted by profitability: with expectations: one-off 1E churn and SMB Adjusted EBITDA €83.0m Revenue €183.2m (-0.4% cc yoy1
Slide 6: Healthy underlying Enterprise ARR growth, DEX temporarily impacted
Healthy underlying Enterprise ARR growth DEX temporarily impacted by anticipated effects ARR breakdown Q1 2026 Enterprise ex-DEX (+18% yoy) In € million Continued double digit growth in underlying SMB 507 Enterprise 231 TMV Enterprise business YoY (cc): YoY (cc): +1% 1.5k-10k Enterprise +18% DEX (-1
Slide 7: TMV ONE: Early momentum with high-value expansion
TMV ONE: Early momentum with high-value expansion Daily Avg. Billings within month, in €k TeamViewer ONE TeamViewer ONE TeamViewer ONE Only two months 45 Standard TMV ONE Standard post ENT release Advanced Enterprise TMV ONE Advanced TMV Tensor TMV Tensor TMV Tensor TMV ONE Enterprise (MDS included)
Slide 8: TMV ONE: Extending our growth runway, tapping into a proven upsell engine
TMV ONE: Extending our growth runway, tapping into a proven upsell engine TeamViewer ONE Illustrative Gross Annual Recurring Billings by upsell motion since 2018 TMV ONE illustrative and not to scale Pattern repetition of proven upsell motions, supported by AI innovation Corporate-2-Tensor Feature-l
Slide 9: TMV ONE: Upcoming release of market-leading AEM innovation
TMV ONE: Upcoming release of market-leading AEM innovation to accelerate platform pull General General Availability “ Availability in summer 2026 Head of Service Desk, MSP Turning visibility to Remote support insights session I'm impressed [...], that you can 4 1 bring [Tia] to each of our problems.
Slide 10: Strong AI adoption momentum: one million AI sessions
Strong AI adoption momentum as evidenced by major milestone of one million AI sessions >26k >1.4m cumulative AI sessions2 Customers that have used TeamViewer AI1 Strong and scaling customer traction Restrictive access & underscoring structural data advantage for usage unique AEM innovation observati
Slide 11: AI Opportunity: A structural tailwind for TeamViewer
AI Opportunity: A structural tailwind for TeamViewer Market Moat Model AI shifts IT gradually from reactive to More than a cloud app: one of the biggest Expansion into AEM category is driven by autonomous management; risk averse I&O endpoint footprints globally with existing GTM as we are already se
Slide 12: Strong customer testimonials from early adopters
Strong customer testimonials from early adopters on value delivered ROI & Efficiency Insight & Knowledge Audit & Compliance “Substantial efficiency “Session Insights help to “Session Summaries gain with 25% faster identify recurring issues provides a lot of value resolution on recurring and define c
Slide 13: GTM Execution: Sharpened commercial engine
GTM Execution: Sharpened commercial engine already driving commercial momentum Well-invested Intensified GTM Activation Building Deal Momentum Sales Organization • New leadership • TeamViewer ONE resonating • Accelerating pipeline President AMER and EVP Inside Strong market feedback on Strong leadin
Slide 14: Flagship customer deals evidence strong value proposition
Flagship customer deals evidence strong value proposition across the business TeamViewer ONE DEX Tensor OT Leading German Global digital Global leader in bicycle retailer transformation provider agricultural machinery Scale: 40+ local retail shops Scale: 2,500 endpoints Scale: Almost 100,000 endpoin
Slide 15: Financial Overview
Financial Overview Michael Wilkens Chief Financial Officer The Digital Workplace Company
Slide 16: Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc
Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance reaffirmed Revenue ARR Adjusted EBITDA €183.2m €737.3m €83.0m -0.4% cc yoy1 +0.2% cc yoy +2% yoy Adjusted EBITDA Margin Basic EPS / Adjusted EPS Net Leverage Ratio 45.3% €0.22 / €0.29 2.5x +2 pp yoy +15% yo
Slide 17: Key P&L and other financial KPIs development Q1 2026
Key P&L and other financial KPIs development Q1 2026: phasing as expected in € million (unless otherwise stated) Q1 2026 Q1 2025 ∆% Revenue1 183.2 190.3 -4% ◉ Revenue growth (cc) broadly stable Cost of Goods Sold (COGS)1,2 (14.9) (16.2) -8% yoy alongside strong profitability Gross profit1,2 168.2 17
Slide 18: Continued strong operating cash flow
Continued strong operating cash flow short-term timing effects to normalize over the year in € million (unless otherwise stated) Q1 2026 Q1 2025 ∆% Pre-Tax net cash from operating activities (IFRS) 55.2 46.7 +18% Capital expenditure (excl. M&A) (1.0) (1.0) +1% ◉ Continued strong pre-tax cash flow Le
Slide 19: FY 2026 Guidance reaffirmed
FY 2026 Guidance reaffirmed FY 2025 Actuals FY 2026 (comparison base) Guidance FY 2026 guidance for revenue growth is at constant currencies2 Revenue growth €767.5m Actual currency reported (YoY constant currency vs PY pro forma basis) 0% - 3% cc1,2 figures are expected to be pro forma impacted by c
Slide 20: Q&A
Q&A
Slide 21: Appendix
Appendix The Digital Workplace Company
Slide 22: FX impact & debt maturity profile
FX impact & debt maturity profile The Digital Workplace Company
Slide 23: Expected currency impact: USD largest topline foreign currency exposure
Expected currency impact: USD represents TeamViewer’s largest topline foreign currency exposure Expected FX impact Q2 & FY 2026 in revenue at spot rate on 31 Mar 2026 Currency exposure vs guided YoY growth (compared to 2025 pro forma revenue) in cc: ◦ TeamViewer guides YoY revenue growth Q1 2026 Q2
Slide 24: Debt maturity profile as of 31 March 2026
Debt maturity profile as of 31 March 2026 (€m) 450 Term Loan (1E) Bridge to DCM (1E) Money Market Loans Promissory Note 2021 Promissory Note 2024 15 51.5 Private Placement 2025 2024 Syndicated RCF 75 2022 Syndicated RCF 145 150 48.5 15 15 13 25 25 25 15 15 9 9 2026 2027 2028 2029 2030 2031 Q1 2026 R
Slide 25: Key financials & KPIs
Key financials & KPIs The Digital Workplace Company
Slide 26: Overview Topline KPIs
Overview Topline KPIs Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q1 2026 Pro forma Pro forma Pro forma Pro forma SMB Revenue in €m 126.2 130.9 134.1 132.0 130.4 Revenue YoY % cc -1% 1% 3% 3% 2% ARR in €m 2 506.7 518.7 526.3 532.0 535.2 ARR YoY % cc 2 -3% -1% 0% +1% +2% ASP (ARR) in € 822 822 822 817 813 Number
Slide 27: Continued growth in Enterprise across all ARR value ranges
Continued growth in Enterprise across all ARR value ranges SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc; pro forma) (€m; % yoy cc; pro forma) € 1,500 - <10,000 ARR € >200,000 ARR 230.5 535.2 -3% cc 506.7 € 500 - <1,500 ARR +8% cc € >100,000 ARR € <500 ARR 224.4 € >50,000 ARR € 10,000 - 50,000
Slide 28: Adjusted P&L management view
Adjusted P&L management view based on recurring cost Q1 2025 in € million (unless otherwise stated) Q1 2026 ∆% Pro forma Revenue 183.2 190.3 -4% Cost of Goods Sold (COGS) (14.9) (16.2) -8% Gross profit 168.2 174.1 -3% % Margin 92 % 91 % 0 pp Sales (33.0) (31.1) +6% % of Revenue -18% -16% Marketing (
Slide 29: Q1 2026: Reconciliation management metrics to IFRS
Q1 2026: Reconciliation management metrics to IFRS Management view Other non-IFRS Accounting view in € million (unless otherwise stated) D&A Revenue adj. P&L adjustments IFRS P&L Revenue 183.2 183.2 Cost of Goods Sold (COGS) (14.9) (9.4) 0.0 (24.4) Gross profit contribution 168.2 158.8 % of Revenue
Slide 30: Non-IFRS adjustments in EBITDA
Non-IFRS adjustments in EBITDA Basis of in € million (unless otherwise stated) preparation / Q1 2026 Q1 2025 definition EBITDA APM 75.1 66.6 Total IFRS 2 charges (expenses for share-based compensation) APM +0.9 +6.5 Non-IFRS EBITDA adjusted by TeamViewer LTIP APM -0.1 +1.7 1) non-recurring items RSU
Slide 31: EBITDA to net income
EBITDA to net income in € million (unless otherwise stated) Q1 2026 Q1 2025 ∆% EBITDA 75.1 66.6 +13% D&A (13.2) (13.4) -1% Operating Profit (EBIT) 61.9 53.2 +16% Financial / FX result (10.9) (7.0) +56% Share of profit/loss of associates (0.8) (2.2) -61% Profit before tax (EBT) 50.1 44.0 +14% Income
Slide 32: Adjusted net income & EPS
Adjusted net income & EPS Basis of in € million (unless otherwise stated) preparation/ Q1 2026 Q1 2025 definition Net income IFRS 34.2 29.6 Expenses for share-based compensation APM 0.9 6.5 PPA depreciation and amortization APM 7.8 6.1 Other material items APM 6.9 3.1 Extraordinary effects in financ
Slide 33: Financial Calendar
2 June 2026 Financial Annual General Meeting 28 July 2026 Calendar Q2/H1 2026 Results & Analyst Call 3 November 2026 Q3 2026 Results & Analyst Call The Digital Workplace Company
Slide 34: TeamViewer
TeamViewer