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TeamViewer Quarterly Statement Q1 | 2021 GOPPINGEN , GERMANY , 4 MAY 2021 Q1 2021 : TeamViewer prepares the ground for long - term growth and achieves record billings • • • • • . • Strong billings growth of 26 % at constant currencies to EUR 146.6m on top of extraordinary Q1 2020 Adjusted EBITDA up 22 % year - on - year to EUR 90.0m Adjusted EBITDA margin of 61.4 % Two successful tuck - in acquisitions and two landmark sports partnerships to underpin long- term sustainable growth New CMO and new President Americas to drive global brand building and accelerate expansion and growth in the Americas region EUR 300m ESG - linked promissory note loan issued at very attractive terms Full - year 2021 outlook confirmed : EUR 585m - 605m billings with 49 - 51 % adjusted EBITDA margin and revenue of EUR 525m - 540m Key Figures EUR m , Q1 2021 Q1 2020 A yoy A cc¹ unless otherwise stated Billings ( non - IFRS ) 146.6 119.7 + 22 % + 26 % Adj . EBITDA ( non - IFRS ) 90.0 73.9 + 22 % Adj . EBITDA Margin ( % ) 61.4 % 61.7 % -0.3pp Revenue ( IFRS ) 118.3 102.7 + 15 % Levered Free Cash Flow 25.0 35.2 -29 % Subscribers ( thousand LTM ) ² 603 514 + 17 % Employees ( FTE , 31 March ) 1,378 928 + 49 % 1 ) Growth at constant currency 2 ) Last twelve months as of 31 March 1