TeamViewer cuts 2026 revenue outlook as slower enterprise deals hit Q3 Sales

TeamViewer has lowered its full-year revenue outlook to a 2026 growth forecast of -2% to -1% at constant currencies, down from its previous 0% to 3% projection. This adjustment comes after a third-quarter revenue decline of 3.9% to €184.5 million and a corresponding 2.6% drop in annual recurring revenue (ARR) to €736.9 million. TeamViewer CEO Oliver Steil attributed the slowdown to sluggish enterprise deal conversions and low customer retention, calling for a stronger and expanded global enterprise sales organization.

Despite these challenges, the company reported a 26% increase in net income to €36 million, with CEO Steil expressing confidence in accelerating growth in 2027 and beyond, citing momentum in new business and growth among its largest enterprise customers.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.