![]() Based on very promising user feedback and adoption rate, the new product was then rolled out globally to the market as planned, with its commercial launch at the end of April. This was paralleled by the Nordics soft launch of TeamViewer Remote, the company’s major upgrade of its core remote access and support product. With an improved e-commerce customer experience and targeted monetization campaigns, the company showed increased SMB growth dynamics, underpinning its leading position in the core remote business. Within the first quarter of the year, TeamViewer made good progress in executing its strategic initiatives, especially in its core SMB business. On the back of this, the definition of the Adjusted EBITDA changed from a Billings to a Revenue perspective. Number of subscribers 2 (LTM) (in thousands)Ĭash flows from operating activities (in EUR m)Ĭash flows from investing activities (in EUR m)Įmployees full-time equivalents (end of period)Īdjusted basic earnings per share (in EUR)ģ Since beginning of FY 2023, TeamViewer uses an updated KPI framework, with Revenue (IFRS) moving more into focus. Although it is still very early in the year, we are confident that we are well on track to meet our full-year guidance. In view of rising financing costs, this leads to additional stability to our already resilient business. This was enabled by TeamViewer’s strong cash position and profitability. While we continued to execute our share buyback program, we still managed to further optimize our gross debt. Our SMB business in particular saw a strong momentum. « We achieved double-digit revenue growth in Q1, which we successfully translated into a strong Adjusted EBITDA margin of 42%. Engaging with partners and customers from all sectors and visiting events across regions is paramount to building our pipeline for the year and helps us to further deliver on our strategy. In Q1, we prepared the successful launch of our next-level core remote access and support product, and we invested in existing and in new relationships. On the bottom line, our adjusted EPS increased by 38%. Our primary metric ‘Revenue’ grew clearly double-digit by 13%. ![]() « Building on our successful year-end finish, we started 2023 with strong financials and a good momentum in the business. Launch of new partner program “TeamUp” to strengthen channel eco system and sales organizationĬonsistent delivery in EMEA and APAC AMERICAS with new leadership and new sales hub in Mexico Increased growth momentum in SMB underpinning TeamViewer’s leading position in the core remote business ![]() ![]() Strong underlying profitability supported by diligent cost management leading to an Adjusted (Revenue) EBITDA margin of 42% Q1 revenue growth of 13% yoy, mainly driven by successful up- and cross-selling measures, resulting in a sustained high NRR of 107%.TeamViewer well on track to meet 2023 guidance: Q1 Revenue growth of 13% and strong Adjusted EBITDA growth of 18% ![]()
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