TeamViewer Stock: A Sigh of Relief After 2025 Earnings – What’s Next in 2026?
- Did TeamViewer Deliver on Its 2025 Promises?
- Why Q4’s Enterprise Surprise Changes Everything
- Analyst Takeaways: Is €16 a Realistic Target?
- FAQs: Your Burning Questions Answered
TeamViewer’s preliminary 2025 results have finally brought some much-needed Optimism to investors. The German software company not only met expectations but also dodged the dreaded "worst-case scenario," thanks to a surprisingly strong Q4 in its Enterprise segment. With a 5% currency-adjusted revenue growth and a steady 44% EBITDA margin, the stock is bouncing back—but is this a fleeting rally or the start of a sustained recovery? RBC thinks there’s upside to €16, but skeptics remain. Here’s the full breakdown, including why Q4’s €11M incremental ARR has everyone talking.
Did TeamViewer Deliver on Its 2025 Promises?
In a market riddled with skepticism, TeamViewer’s management did what many doubted: they hit their targets. Currency-adjusted revenue grew by 5% year-over-year, while annual recurring revenue (ARR) edged up 2% to €760M. The real headline, though, is profitability—the adjusted EBITDA margin held firm at 44%, a reassuring sign for a stock that’s been battered over the past year. Shares jumped sharply after the report, closing at €5.76 on Thursday before rallying further. But let’s be real: this is still a far cry from the 200-day moving average of €8.59. The low-end guidance beat is a start, but the road to redemption is long.
Why Q4’s Enterprise Surprise Changes Everything
Here’s where it gets juicy. While the first three quarters of 2025 were sluggish for TeamViewer’s Enterprise division, Q4 delivered a knockout punch—€11M in incremental ARR, dwarfing the €7M total from the prior quarters. Two strategic deals worth €10M added fuel to the fire. Analysts had written off the segment, but suddenly, the narrative’s flipped. "The sales strategy’s finally working," noted one BTCC analyst. Subsidiary 1E also chipped in with sequential growth, suggesting the turnaround might have legs. Still, one quarter doesn’t make a trend—investors will want proof this momentum sticks.
Analyst Takeaways: Is €16 a Realistic Target?
RBC doubled down on its "Outperform" rating and €16 price target, arguing the stock’s 40% discount to pre-crisis levels is overdone. "If Q4’s operational trends continue, this could be a multi-bagger," their report claimed. But not everyone’s convinced. The stock’s 12-month performance remains deep in the red, and skeptics point to lingering execution risks. The next litmus test? TeamViewer’s detailed 2026 guidance. Until then, traders are treating this pop as a "show me" story. Data source: TradingView.
FAQs: Your Burning Questions Answered
What drove TeamViewer’s Q4 2025 outperformance?
The Enterprise segment’s €11M incremental ARR and two major contracts (€10M total) were key catalysts. Subsidiary 1E also contributed.
Is TeamViewer stock a buy after the rally?
RBC sees upside to €16, but the stock remains volatile. Monitor 2026 guidance for sustainability clues.
How does the 44% EBITDA margin compare to peers?
It’s best-in-class for remote-access software, though growth concerns had overshadowed this strength.
