TeamViewer SE reported a strong adjusted EBITDA margin of 43.2% for the first half of 2026, while revenue declined 1.4% year-over-year in constant currency. The company formed a strategic partnership with ServiceNow to expand customer reach and achieved a FedRAMP in progress designation, opening access to the US federal market. SMB annual recurring revenue remained under pressure, down 4% in constant currency, though churn showed signs of stabilization in the second quarter. Free cash flow conversion was lower at 52%, impacted by fewer upfront payments on multi-year deals, and the company faced a 5.4 percentage point foreign exchange headwind on adjusted EBITDA. Management expects cash flow to improve in the second half, targeting a conversion rate around 60%, and reaffirmed its full-year revenue growth guidance of 0% to 3% in constant currency.
TeamViewer AGReported strong 43.2% adjusted EBITDA margin, despite revenue decline and FX headwinds.
ServiceNow IncPartnership with TeamViewer expands ServiceNow's customer reach and integration ecosystem.