Teamviewer on track for all-time low after guidance cut
RefinitivLess than 1 min read
** Shares in German software company Teamviewer TMV are down 21.4%, on track for its lowest price ever if losses hold
** A local trader points to Q3 results reported on Tuesday that cut 2025 annual recurring revenue (ARR) guidance to between 780 and 800 million (previously between 815 and 840 million euros)
** Teamviewer expects full year revenue to remain within its original guidance range of between 778 million and 797 million euros , but at the lower end of the range
** It cites weakness in its recently acquired digital workplace 1E business where year on year sales dropped 8% versus overall revenue growth of 4% on a constant currency basis
** Including today's fall the stock has dropped by 30.01 % YTD
($1 = 0.8575 euros)
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