TeamViewer said on Tuesday it expects revenue for 2025 at the lower end of its outlook of 778 million euros to 797 million euros ($907 million-$929.5 million), driven by weakness in its recently acquired 1E business.
Standalone annual recurring revenue at the 1E division, which develops products that detect IT issues, was below expectations due to “ongoing transformation and persistent macroeconomic challenges”, the German software company said in a statement.
TeamViewer, however, increased its annual adjusted earnings before interest, taxes, depreciation and amortization margin forecast to 44 per cent from 43 per cent, saying it managed to keep a lid on costs.
($1 = 0.8575 euros)
