TeamViewer Achieves Strong Q2 2024 Performance; Reaffirms 2024 Outlook

TeamViewer SE posted a robust second quarter in 2024, with an increase in revenue and a strong performance from its Enterprise segment. The company's revenue rose by 6% year-over-year to EUR 164.1 million, aided by strong growth in all regions. Adjusted EBITDA also grew to EUR 67.5 million, maintaining an Adjusted EBITDA margin of 41%.

Enterprise revenue soared by 19%, with an impressive Net Retention Rate of 116%. The Small and Medium-sized Business (SMB) sector showed a modest growth of 3%. CEO Oliver Steil pointed out an increased customer demand for longer-term contracts, signaling trust in TeamViewer's solutions for digital transformation.

CFO Michael Wilkens highlighted the extension of their EUR 450 million Revolving Credit Facility by two additional years, reflecting confidence in TeamViewer's business model. The company reiterated its full-year 2024 guidance, expecting revenues between EUR 660 million to 685 million, and an Adjusted EBITDA margin of at least 43%.