Teamviewer Se (TMVWF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to TeamViewer's Q4 and full year 25 earnings call. I am Lisseta Grubesic, head of IR. Today, I am joined by our CEO, Oliver Steyl, CFO Michael Wilkins, and CRO Mark Banfield. Oliver and Mark will run you through the quarterly business updates. Michael will present Q4 and full year financials, followed by the full year guidance and meet and targets. The presentation will be concluded by a Q&A session. Same as in the previous quarters, we will present non-IFRS performance top line and adjusted EBTA performance. And also, please note that you can find the important notice and the APM disclosure on slides two and three. And I now hand it over to Oliver to kick off. Thank you, Vizsera. Good morning, everyone. Also, welcome from my side. Thank you for joining our call today. As the last year was clearly a year of transition after the 1E acquisition, I would like to start differently this time and give you some broader context before we dive into the results. When we look back at the year 2025, we see a lot of progress and proof that we are on the right track. But of course, there were also some challenges that require our full focus and which we continue to address in 2026 as we are firmly committed to re-accelerate top-line growth. 2025 was again marked by macroeconomic difficulties and geopolitical tensions, which affected customer decision-making and made it more challenging for us to execute and operate as initially planned. And as you know, AI was one of the defining forces in 2025. At TeamViewer, we clearly view AI as a significant opportunity to drive platform growth. We progress significantly with embedding AI into the core of our product to improve our offering. Our webinar for the capital markets last year November ...