Slides
Page 1
The Digital Workplace Company Q3 2026 Results 3 November 2026
Page 2
2 This presentation as well as any information communicated in connection therewith (the “Presentation”) contains information regarding TeamViewer SE (the “Company”) and its subsidiaries (the Company, together with its subsidiaries, “TeamViewer”). It is provided for information purposes only and should not be relied on for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purpose. Certain statements in this presentation may constitute forward-looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in TeamViewer's disclosures. You should not rely on these forward- looking statements as predictions of future events, and TeamViewer’s actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic developments, external fraud, lack of innovation capabilities, inadequate data security and changes in competition levels. TeamViewer undertakes no obligation, and does not expect to publicly update, or publicly revise, any forward-looking statement, whether as a result of new information, future events or otherwise. Important Notice / APMs All subsequent written and oral forward-looking statements attributable to it or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above and contained elsewhere in this Presentation. All stated figures are unaudited. Percentage change data and totals presented in tables throughout this presentation are generally calculated on unrounded numbers. Therefore, numbers in tables may not add up precisely to the totals indicated and percentage change data may not precisely reflect the change data of the rounded figures for the same reason. This document contains alternative performance measures (APM) that are not defined under IFRS. The APMs (non-IFRS) can be reconciled to the key performance indicators included in the IFRS consolidated financial statements and should not be viewed in isolation, but only as supplementary information for assessing the operating performance. TeamViewer believes that these APMs provide an additional, deeper understanding of the Company's performance. Q3 2026 Results
Page 3
3 • Adjusted EBITDA is defined as operating income (EBIT) according to IFRS, plus depreciation and amortization of tangible and intangible fixed assets (EBITDA), adjusted for certain business transactions (income and expense) defined by the Management Board in agreement with the Supervisory Board. Business transactions to be adjusted relate to share- based compensation schemes and other material special items of the business that are presented separately to show the underlying operating performance of the business. • Adjusted EBITDA margin means Adjusted EBITDA as a percentage of revenue. • Billings represent the value (net) of goods and services invoiced to customers within a specific period and which constitute a contract as defined by IFRS 15. • Annual Recurring Revenue (ARR) is annualized recurring revenue for all active subscriptions at the end of the reporting period. It is calculated by multiplying the daily subscription revenue at the end of the reporting period by 365 days (or 366 days for leap years). Daily subscription revenue is calculated as the total active contract value divided by the contract duration in days. The end of the reporting period is defined as the last calendar day of the respective period. • Retained ARR is defined as the ARR at the end of the reporting period from customers that were already a customer at the end of the prior-year reporting period. • Net Retention Rate (NRR) (cc) is defined as Retained ARR (cc) at the end of the reporting period divided by the total ARR at the end of the prior-year reporting period. • Number of customers means the total number of paying customers with an active subscription at the reporting date. • SMB customers means customers with ARR across all products and services of less than EUR 10,000 at the end of the reporting period. If the threshold is exceeded, the customer will be reallocated. • Enterprise customers means customers with ARR across all products and services of at least EUR 10,000 at the end of the reporting period. Customers who do not reach this threshold will be reallocated. • Customer churn rate means the percentage of customers not retained during the last twelve-month period. It is calculated as 100% minus the number of customers that were retained (no new customers) during the last twelve months divided by the total number of customers twelve months ago. Important Notice / APMs (continued) • Average Selling Price (ASP) is calculated by dividing the total ARR by the total number of customers at the reporting date. • Net financial liabilities are defined as financial liabilities (without other financial liabilities) less cash and cash equivalents. • Net leverage ratio means the ratio of net financial liabilities to Adjusted EBITDA of the last twelve-month period. • Levered Free Cash Flow (FCFE) means net cash from operating activities less capital expenditure for property, plant and equipment and intangible assets (excl. M&A), payments for the capital element of lease liabilities and interest paid for borrowings and lease liabilities. • Cash Conversion means the percentage share of Levered Free Cash Flows (FCFE) in relation to the Adjusted EBITDA. • Adjusted Net Income is the net income adjusted for certain income and expenses. These adjustments are: share-based compensation, amortization related to business combinations, other non-recurring income and expenses and related tax effects. • Adjusted basic earnings per share is calculated in line with basic earnings per share, whereby Adjusted Net Income is used as the basis for the calculation instead of the net income. • Constant currency (cc) comparisons eliminate the impact of exchange rate fluctuations between different periods. • “Pro forma” refers to TeamViewer group numbers including 1E numbers before closing (unaudited management view at the time of acquisition) as well as a reversal of negative M&A effects on revenue (“haircut”) after closing of the transaction. Pro forma numbers are prepared for comparative purposes and should be read in conjunction with financial statements. They are not necessarily indicative of the results that would have been attained if the transaction had taken place on a different date. TeamViewer has defined each of the following APMs as follows: Q3 2026 Results
Page 4
The Digital Workplace Company Business Overview Oliver Steil Chief Executive Officer Mark Banfield Chief Revenue Officer
Page 5
5 Q3 2026: Execution against the strategy delivering results: TeamViewer ONE adoption accelerating, SMB stabilizing Q3 2026 Results Revenue trough reached: €184.5m (-2.2% cc yoy)2 ARR €736.9m (-0.6% cc yoy) Adjusted EBITDA margin 42.8% Levered FCF +29% yoy Completed refinancing Strengthened maturity profile Equity ratio strongly improved to 18% SMB churn stabilized for five consecutive months SMB ARR decline slowing for the second consecutive quarter 1 2 3 4 5 6 1 Growth rate includes TeamViewer ONE Standard, Advanced and Enterprise 2 YoY revenue growth rate is compared to Q3 2025 comparable pro forma Revenue of €192.0m. AI adoption scaling and expanding self-healing AI capabilities 70k customers, >5.5m cumulative AI sessions (1 November 2026) FY 2026 Revenue growth now expected between -2% and -1% cc yoy (prev. between 0-3% cc yoy) Adj. EBITDA margin ~43% reaffirmed TMV ONE : ~10% ENT ARR New and upsell TMV ONE and DEX: up 6x yoy1 Highest-value ENT bucket (>€200k): +13% cc yoy
Page 6
6 Growth in the highest-value ENT bucket accelerated, supported by rapid TeamViewer ONE adoption driven by strategic customer wins, DEX and Tensor upgrades Q3 2026 Results 84.9 86.5 32.4 33.5 31.2 29.7 82.0 87.9 Q3 2025 Q3 2026 237.6 230.5 € 10,000 - 50,000 ARR € >100,000 ARR € >50,000 ARR € >200,000 ARR +6% cc -2% cc +4% cc +13% cc Enterprise (ARR view) (€m; % yoy cc; pro forma) +7% cc TeamViewer ONE: becomes a meaningful Enterprise ARR contributor (€m) 237.6 TMV ONE ARR 13x
Page 7
7 TeamViewer ONE scales with new business, driving an outsized contribution to Enterprise ARR ~10% of Enterprise ARR from near zero 4% of Enterprise customers Higher ARR per customer than the Enterprise average up 6x1 ONE + DEX new and upsell business growth1 Q3 2026 Results yoy in Q3 1 Growth rate includes TeamViewer ONE Standard, Advanced and Enterprise. TMV ONE customers in Enterprise ARR 3 at launch, 208 by Q3 2026 3 33 68 142 208 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Page 8
8 Landmark win: one of the world's largest aerospace and defense contractor selects TeamViewer ONE Leading global aerospace & defense group with a complex, highly regulated IT environment across engineering and manufacturing sites Q3 2026 Results >200,000 endpoints $6.6m TCV, 3-year agreement $2m ARR Competitive win Prevailed against leading DEX vendors after month-long proof of concept Incumbent replaced Displaced the incumbent DEX solution across the full estate Full platform DEX, Remote, Content Distribution & Self- Service in one agent – room to grow Built for complexity Proof point that TeamViewer ONE scales for the most complex enterprises
Page 9
9 Large-scale wins and expansions across new and existing Enterprise customers Q3 2026 Results One of the largest US public sector organizations A major US banking group Japanese IT services provider >1.0m >130k >120k Net new ARR (€)* New / Upsell ~5k Endpoints (#) ~600k ~5.5k Upsell Upsell Upsell Global testing and certification provider ~35kNew *At FX rate of 1.1785 EUR/USD >250k
Page 10
10 “The ideal world is no complaints, because then I know we have a stable environment. TeamViewer is really the core of our future strategy.” Kurt De Ruwe CIO at AkzoNobel AkzoNobel is building an autonomous IT Platform with TeamViewer DEX ◉ Real-time visibility and proactive resolution across more than 25,000 devices at 995 locations worldwide ◉ An intelligence and action layer connecting TeamViewer DEX with ServiceNow and the employee chatbot Xara to turn endpoint insights and support requests into automated remediation ◉ Tia-supported scripting converts successful fixes into repeatable automations, creating the foundation for an increasingly autonomous and self-healing digital workplace >40% fewer IT support tickets through proactive issue resolution and employee self-service Q3 2026 Results 52,000+ min of IT support time saved in a single quarter 253 days of employee and field-service time saved through the automated global BIOS configuration
Page 11
11 Stable SMB churn and improving ARR trends signal traction from retention measures and gradual recovery Q3 2026 Results 99.5 96.6 160.3 144.3 266.5 258.4 Q3 2025 Q3 2026 499.3526.3 -7% cc -7% cc -1% cc € 1,500 - <10,000 ARR € <500 ARR € 500 - <1,500 ARR SMB (ARR view) (€m; % yoy cc; pro forma) -4% cc SMB ARR change quarter-over-quarter (in m€ adjusted for FX effects) SMB Customer Churn SMB stabilization continued to gain traction in Q3 2026, with sequential ARR improvement for the second consecutive quarter … … churn stabilizing further over recent quarters. (in % LTM)
Page 12
12 Strong and scaling customer traction continues to underscore structural data advantage for unique AEM innovation 1. Total number of customers that have used TeamViewer AI as of 1 November 2026 2. Number of cumulative AI sessions summarized as of 1 November 2026 >70k Customers that have used TeamViewer AI1 >5.5m Cumulative AI sessions2 AI adoption exceeds 5.5m cumulative sessions in November, more than doubling since Q2 and strengthening our data moat Q3 2026 Results 12 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 QTD
Page 13
13 Q3 2026 Results Peter Ruchatz joins as CMO, strengthening go-to-market execution across Enterprise and SMB Peter Ruchatz Chief Marketing Officer 20+ years EXPERIENCE International B2B software marketing Microsoft, Salesforce, Celonis, Veeam, Thinkproject Marketing leadership at global software and platform companies 5+ years at BCG Strategy consulting background Enterprise and SMB expertise Combines sales-led Enterprise and product-led SMB marketing, from brand building to pipeline generation 5+ years based in the US Deep understanding of TeamViewer’s largest growth market
Page 14
14 2026: Strategic priorities translating into results 01 Revitalize SMB and 1E performance 2026 ACHIEVEMENTS TO DATE SMB: churn stable for five months; ARR decline leveling out for the second consecutive quarter DEX: turnaround progressing on the back of TMV One platform wins 02 Ongoing organic investments 2026 ACHIEVEMENTS TO DATE TeamViewer ONE: ~10% of Enterprise ARR in under a year AI: >5.5m Insight sessions; self-healing IT with Tia Troubleshooting, Automations and Resolution Center 03 Accelerate global sales & go-to-market execution 2026 ACHIEVEMENTS TO DATE Leadership: new CMO, strengthened Americas and Inside Sales, one global sales playbook Reach: ServiceNow partnership; FedRAMP “In Process” for DEX Wins: Secured repeat US public-sector wins and upsells as well as new major defense wins across product portfolio Q3 2026 Results
Page 15
The Digital Workplace Company Financial Overview Michael Wilkens Chief Financial Officer
Page 16
16 Strategic transformation nearing completion, with key leading KPIs showing clear improvement Q3 2026 Results Momentum building across key strategic growth drivers in Q3 Growing customer validation and stabilizing SMB trends demonstrate progress ENTERPRISE growth accelerating in highest-value bucket +13% cc >€200k ARR bucket in Q3 2026 TEAMVIEWER ONE established as key growth vehicle ~10% of ENT ARR within a year (TeamViewer ONE) SMB Stabilization becoming visible 17% customer churn, stable for five consecutive months in a row Translation into reported topline financials Total ARR as well as revenue still reflect the transition, while the improving underlying trends are expected to increasingly translate through the business. Q4 2024 1E acquisition announced Q1 2025 PMI started; first DEX capabilities launched Q2 2025 TeamViewer ONE for SMB introduced Q3 2025 1E/DEX, GTM and SMB corrective actions initiated; AI session Insights launched Q4 2025 Initial 1E/DEX turnaround and strong Enterprise close Q2 2026 DEX turnaround; SMB churn stabilizing; ONE momentum builds Q3 2026 Strong new business momentum in ONE and largest ENT accounts; cumulative AI sessions >5.5m (1-Nov) Q1 2026 One-off DEX churn, elevated SMB churn flow through reported financials, GTM execution STRATEGIC EXPANSION & TRANSFORMATION 1E integration, platform build and commercial realignment STRATEGIC REALIGNMENT SMB corrective actions and 1E/DEX turnaround EMERGING TRACTION Growing customer validation, financial translation ahead
Page 17
17 Q3 2026: Financial KPIs still reflect the trough, while underlying trends are improving Revenue €184.5m -2.2% cc yoy1 Adjusted EBITDA €78.9m -10% yoy1 ARR €736.9m -0.6% cc yoy Adjusted EBITDA Margin 42.8% -2.9 pp yoy1 Net Leverage Ratio 2.5x Financing secured until 2029 Q3 2026 Results Basic EPS / Adjusted EPS €0.23 / €0.27 +25% yoy / -19% yoy1 1 YoY growth rate is compared to Q3 2025 comparable pro forma actuals
Page 18
18 in € million Q3 2026 Q3 2025 ∆ % Revenue1 184.5 192.0 -4% Cost of Goods Sold (COGS)1,2 (16.7) (15.1) +10% Gross profit1,2 167.8 176.8 -5% % Margin1,2 91% 92% -1 pp Total Opex1,2 (88.9) (89.1) 0% Adjusted EBITDA1 78.9 87.7 -10% % Margin1 43% 46% -3 pp D&A (13.8) (13.4) +3% Operating Profit (EBIT) 63.3 66.1 -4% Net income 36.0 28.7 +26% Basic number of shares issued and outstanding in m 157.8 157.0 +1% EPS (basic) in € 0.23 0.18 +25% Adjusted EPS (basic)1 in € 0.27 0.34 -19% Levered Free Cash Flow (FCFE)3 27.3 21.1 +29% Cash conversion (FCFE / Adjusted EBITDA4) 35% 24% Net debt 819.0 969.6 -16% Net leverage ratio5 2.5x 2.8x Key P&L and other financial KPIs development Q3 2026: Profitability remained strong ◉ Revenue growth - as a lagging indicator - does not yet fully reflect the improving business momentum we are seeing across the business ◉ Continued investments in product innovation, AI capabilities and the expansion of the combined platform ◉ Levered Free Cash Flow benefited from lower sponsorship payments compared to last year ◉ Net leverage ratio: still on track for around 2.3x year-end target Q3 2026 Results 1 2025 comparable actuals are pro forma. YoY growth rate is compared to 2025 pro forma comparable actuals. | 2 Based on recurring costs. | 3 Adjusted for the effects from the 1E acquisition. | 4 FCFE / Pro forma adjusted EBITDA for 2025. | 5 Net debt / Pro forma adjusted EBITDA LTM.
Page 19
19 Operating cash flow supported by lower sponsorship payments in € million (unless otherwise stated) Q3 2026 Q3 2025 ∆ % 9M 2026 9M 2025 ∆ % Pre-Tax net cash from operating activities (IFRS) 57.3 46.7 +23% 178.8 177.3 +1% Capital expenditure (excl. M&A) (2.8) (1.4) +92% (6.0) (5.2) +16% Lease payments (2.3) (3.8) -39% (13.2) (10.6) +25% Pre-tax Unlevered Free Cash Flow (pre-tax UFCF) 52.2 41.5 +26% 159.6 161.6 -1% Interest paid for borrowings and lease liabilities (9.7) (9.4) +3% (33.1) (29.1) +14% Pre-tax Levered Free Cash Flow (pre-tax FCFE) 42.5 32.1 +33% 126.5 132.5 -5% Income tax paid (16.0) (12.7) +26% (38.2) (32.9) +16% Levered Free Cash Flow (FCFE) 26.4 19.4 +37% 88.3 99.6 -11% Cash Conversion (FCFE / Adjusted EBITDA1) 34% 22% 37% 39% Adjustment for 1E acquisition 0.9 1.7 -49% 3.6 14.0 -74% Adjustment for a one-off payment in connection with special legal disputes — — n/a — 11.6 n/a Levered Free Cash Flow (FCFE) adj. for 1E and legal disputes 27.3 21.1 +29% 91.9 125.1 -27% Cash Conversion (FCFE / Adjusted EBITDA1) after adjustments 35% 24% 38% 49% Q3 2026 Results ◉ Q3 2026 Cash flow was impacted by lower topline growth but benefited from lower sponsorship payments compared to last year ◉ In addition, the third quarter reflected normal anticipated cash flow timing effects related to CAPEX and lease payments ◉ Higher tax payments due to lower tax loss carryforward benefits 1 FCFE / Pro forma adj. EBITDA for 2025.
Page 20
20 Refinancing activities strengthen financial flexibility and extend maturity profile Q3 2026 Results 1 RCF Restructuring ◉ Extension of EUR 75m 2024 Syndicated RCF from January 2027 to January 2031 ◉ Conversion of EUR 150m 2022 Syndicated RCF (reduction) notional into 2024 Syndicated RCF (increase) ✓ Closed end of August Refinancing exposure in 2029 reduced to EUR 500m; extended debt facilities strengthen liquidity buffer 2 New Schuldschein Issuance ◉ Issuance of EUR 125m Schuldschein loans ✓ Closed early August Repayment of DCM-bridge and other short-term maturities 3 Bilateral Loans ◉ Issuance of bilateral loans ◉ IKB - EIB-backed loan ◉ Total EUR 40m ✓ Closed partly end of June, partly end of July Repayment of DCM-bridge These actions enhance financial flexibility, diversify funding sources and maintain an attractive average interest rate of approximately 4%.
Page 21
21 170 45 74 64 53 49 652 502 28 97 97 306 1025 25 25 150 20 9 8 39 52 62 53 10 15 15 20 20 225 300 Term Loan (1E) Money Market Loans Bridge to DCM (1E) Promissory Note 2021 Promissory Note 2024 Promissory Note 2026 Private Placement 2025 Private Placement 2026 2024 Syndicated RCF¹ 2022 Syndicated RCF¹ ² 2026 - June 2026 - Sep 2027 - June 2027 - Sep 2028 - June 2028 - Sep 2029 - June 2029 - Sep 2030 - June 2030 - Sep 2031 - June 2031 - Sep 2032 - June 2032 - Sep Refinancing securing and diversifying funding, increasing average debt tenor and enhancing financial flexibility (€m) Q3 2026 Results Financing flexibility increased in Q3 2026 Successfully extended debt maturities and new financing capacity: RCF restructuring, new Schuldschein issuance and bilateral loans reduce refinancing risk until 2029 1 The amounts represent the notional values of syndicated RCFs and do not represent actual drawdowns. During Q3 2026, €150m of the notional amount was shifted from the 2022 Syndicated RCF to the 2024 Syndicated RCF. 2 €265m draw down of €300m 2022 Syndicated RCF. Debt maturity profile as of 30 September 2026 vs. 30 June 2026 (as reported) 170 45 25 20 Term Loan (1E) Money Market Loans Bridge to DCM (1E) Promissory Note 2021 Promissory Note 2024 Promissory Note 2026 Private Placement 2025 Private Placement 2026 2024 Syndicated RCF¹ 2022 Syndicated RCF¹ ² 2026 - June 2026 - Sep 74 64 25 39 2027 - June 2027 - Sep 53 49 25 915 2028 - June 2028 - Sep 652 502 150 52 300 2029 - June 2029 - Sep 28 97 62 15 20 2030 - June 2030 - Sep 97 306 8 53 20 225 2031 - June 2031 - Sep 10 10 2032 - June 2032 - Sep June Sep 2026 June Sep 2027 June Sep 2028 June Sep 2029 June Sep 2030 June Sep 2031 June Sep 2032
Page 22
22 FY 2025 Pro Forma (comparison base) FY 2026 Guidance Revenue growth (YoY constant currency vs PY pro forma basis) Adjusted EBITDA margin (reported, incl. currency effects) FY 2026 guidance for revenue growth is at constant currencies2 Actual currency reported figures are expected to be impacted by currency exchange rate fluctuations through the year TeamViewer’s expected currency impact on revenue growth in FY 2026 is shown on slide 26 1 Revenue growth in constant currencies vs IFRS Revenue FY 2025 of €746.8m will be higher than the revenue growth in cc vs pro forma Revenue FY 2025 of €767.5m. 2 Constant currency growth including an average exchange rate of 1.13 EUR/USD for FY 2025. FY 2026 revenue growth guidance adjusted reflecting softer Q4 outlook; Adjusted EBITDA margin reaffirmed Q3 2026 Results €767.5m between -2% and -1% cc 1,2 44% ~ 43% reaffirmed
Page 23
Q&A
Page 24
Appendix The Digital Workplace Company
Page 25
The Digital Workplace Company FX impact
Page 26
26 3 Constant currency growth including an average exchange rate of 1.05 USD per EUR for Q1 2025, 1.13 USD per EUR for Q2 2025, 1.17 USD per EUR in Q3 2025 and 1.13 USD per EUR for FY 2025. Expected currency impact: USD represents TeamViewer’s largest topline foreign currency exposure Q3 2026 (actual) Q4 2026 (expected) FY 2026 (expected) Total FX Impact1,2 -1.7 pp -1.3 pp -2.3 pp YoY FX Impact -0.9 pp -1.0 pp -1.3 pp Additional Deferred Revenue FX Impact2 -0.8 pp -0.3 pp -1.0 pp 1 FY 2026 expected FX impact reflects the actual FX impact recorded until Q3 2026, the expected FX impact for Q4 2026 based on September 30, 2026 spot rates, and deferred FX effects resulting from TeamViewer’s centralized invoicing model 2 The expected additional deferred revenue FX impact in Q4 is -0.3 pp. 3 main currencies Q3 2026 (actual average) Q4 2026 (expected) EUR/USD 1.15 1.14 EUR/CAD 1.61 1.61 EUR/AUD 1.63 1.63 Expected FX impact Q4 & FY 2026 in revenue at spot rate on 30 Sep 2026 (compared to 2025 pro forma revenue) Currency exposure vs guided YoY growth in cc: ◦ TeamViewer guides YoY revenue growth in constant currency3 ◦ Actual currency reported figures are expected to be impacted by currency exchange rate fluctuations through the year as reflected in the table TeamViewer specific situation: ◦ TeamViewer’s central invoicing model and IFRS treatment fix deferred revenue at the invoice‑date FX rate, causing unavoidable FX effects when historic deferred revenue is released in revenue ◦ Therefore, TeamViewer provides the additional expected FX impact that comes from historic deferred revenue release to avoid systematic over/ underestimation of currency movements in reported revenue Q3 2026 Results
Page 27
The Digital Workplace Company Key financials & KPIs
Page 28
28 Overview Topline KPIs Q3 2026 Q2 2026 Q1 2026 Q4 2025 Pro forma Q3 2025 Pro forma SMB Revenue in €m 124.2 124.1 126.2 130.9 134.1 Revenue YoY % cc -5 % -3 % -1 % +1 % +3 % ARR1 in €m 499.3 501.4 506.7 518.7 526.3 ARR1 YoY % cc -4 % -4 % -3 % -1 % 0 % ASP (ARR)1 in € 830 826 822 822 822 Number of customers1 601,603 606,616 616,598 631,373 640,342 SMB Customer churn rate 17 % 17 % 17 % 16 % 16 % Enterprise Revenue in €m 60.3 58.6 57.0 63.8 57.9 Revenue YoY % cc +5 % +3 % 0 % +3 % +8 % ARR1 in €m 238 235 231 241 230 ARR1 YoY % cc +7 % +8 % +8 % +11 % +12 % ASP (ARR)1 in € thousands 45 44 44 46 44 NRR (cc)1 93 % 94 % 93 % 96 % 97 % NRR (cc)1 adj. for net upsell from SMB 96 % 98 % 96 % 99 % 102 % Number of customers1 5,304 5,311 5,259 5,262 5,216 Total ARR1 in €m 736.9 736.8 737.3 759.7 756.8 Revenue in €m 184.5 182.7 183.2 194.6 192.0 Revenue by region in €m EMEA 101.1 100.4 100.6 103.1 101.5 AMERICAS 65.7 64.7 64.8 73.4 72.1 APAC 17.7 17.6 17.7 18.2 18.3 Q3 2026 Results 1 2025 comparable actuals and growth rates are non-pro forma.
Page 29
29 84.9 86.5 32.4 33.5 31.2 29.7 82.0 87.9 Q3 2025 Q3 2026 99.5 96.6 160.3 144.3 266.5 258.4 Q3 2025 Q3 2026 Enterprise platform strategy gaining traction: highest-value ARR bucket up +13% yoy TeamViewer ONE adoption 499.3526.3 -7% cc -7% cc -1% cc € 1,500 - <10,000 ARR € <500 ARR € 500 - <1,500 ARR 237.6 230.5 € 10,000 - 50,000 ARR € >100,000 ARR € >50,000 ARR € >200,000 ARR +6% cc -2% cc +4% cc +13% cc SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc; pro forma)(€m; % yoy cc; pro forma) Net upsell from SMB to Enterprise: €9.6m -4% cc +7% cc Q3 2026 Results
Page 30
30 in € million (unless otherwise stated) Q3 2026 Q3 2025 Pro forma ∆ % 9M 2026 9M 2025 Pro forma ∆ % Revenue 184.5 192.0 -4% 550.4 572.9 -4% Cost of Goods Sold (COGS) (16.7) (15.1) +10% (46.7) (46.8) 0% Gross profit 167.8 176.8 -5% 503.7 526.1 -4% % Margin 91 % 92 % -1 pp 92 % 92 % 0 pp Sales (32.9) (30.4) +8% (98.0) (91.9) +7% % of Revenue -18% -16% -18% -16% Marketing (19.6) (23.9) -18% (60.2) (80.2) -25% % of Revenue -11% -12% -11% -14% R&D (24.9) (21.8) +14% (72.6) (65.4) +11% % of Revenue -14% -11% -13% -11% G&A (9.1) (11.3) -19% (28.2) (30.7) -8% % of Revenue -5% -6% -5% -5% Other1 (2.3) (1.7) +36% (3.9) (4.5) -13% % of Revenue -1% -1% -1% -1% Total Opex (88.9) (89.1) 0% (262.9) (272.7) -4% % of Revenue -48% -46% -48% -48% Total Costs2 (105.6) (104.2) +1% (309.6) (319.5) -3% Adjusted EBITDA 78.9 87.7 -10% 240.8 253.4 -5% % Margin 43% 46% -3 pp 44% 44% 0 pp Adjusted P&L management view based on recurring cost 1 Incl. other income/expenses and bad debt expenses of €3.1m in Q3 2026 and €3.6m in Q3 2025 / €6.9m in 9M 2026 and €9.0m in 9M 2025. 2 Total Costs are the sum of Cost of Goods Sold (COGS) and Total Opex. Q3 2026 Results
Page 31
31 Q3 2026: Reconciliation management metrics to IFRS in € million Management view Revenue adj. P&L D&A Other non-IFRS adjustments Accounting view IFRS P&L Revenue 184.5 184.5 Cost of Goods Sold (COGS) (16.7) (9.5) (0.1) (26.3) Gross profit contribution 167.8 158.2 % of Revenue 91% 86% Sales (32.9) (1.6) (1.2) (35.8) Marketing (19.6) (0.5) (0.3) (20.4) R&D (24.9) (1.6) (0.4) (26.9) G&A (9.1) (0.5) (1.9) (11.6) Other1 (2.3) 0.0 2.1 (0.2) Adj. EBITDA 78.9 % of Revenue 43% D&A (ordinary only)2 (6.0) Adj. EBIT / Operating profit (EBIT) 72.9 (7.8)³ (1.7) 63.3 % of Revenue 39% 34% D&A (total)2+3 13.8 EBITDA 77.1 % of Revenue 42% 1 Incl. other income/expenses and bad debt expenses of €3.1m 2 D&A excl. amortization intangible assets from PPA 3 Amortization intangible assets from PPA Q3 2026 Results
Page 32
32 9M 2026: Reconciliation management metrics to IFRS in € million Management view Revenue adj. P&L D&A Other non-IFRS adjustments Accounting view IFRS P&L Revenue 550.4 550.4 Cost of Goods Sold (COGS) (46.7) (28.4) (0.4) (75.6) Gross profit contribution 503.7 474.8 % of Revenue 92% 86% Sales (98.0) (4.3) (3.9) (106.2) Marketing (60.2) (1.5) (0.8) (62.5) R&D (72.6) (4.6) (1.9) (79.0) G&A (28.2) (1.5) (7.6) (37.3) Other1 (3.9) 0.0 (3.4) (7.3) Adj. EBITDA 240.8 % of Revenue 44% D&A (ordinary only)2 (17.0) Adj. EBIT / Operating profit (EBIT) 223.8 (23.3)³ (18.0) 182.5 % of Revenue 41% 33% D&A (total)2+3 40.3 EBITDA 222.8 % of Revenue 40% 1 Incl. other income/expenses and bad debt expenses of €6.9m 2 D&A excl. amortization intangible assets from PPA 3 Amortization intangible assets from PPA Q3 2026 Results
Page 33
33 Non-IFRS adjustments in EBITDA in € million (unless otherwise stated) Basis of preparation / definition Q3 2026 Q3 2025 9M 2026 9M 2025 EBITDA APM 77.1 79.5 222.8 223.9 Total IFRS 2 charges (expenses for share- based compensation) APM +1.0 +1.6 +3.6 +12.9 TeamViewer LTIP APM +0.5 0.0 +0.7 +1.2 RSU/PSU1 APM +0.6 (0.1) +3.0 +7.9 M&A related share-based compensation APM 0.0 0.0 0.0 +0.2 Share-based compensation by TLO2 APM 0.0 +1.7 0.0 +3.6 1E acquisition related integration & transaction costs APM +1.2 +2.0 +4.0 +9.3 Other material items APM +1.6 +0.2 +6.6 +4.0 Financing APM 0.0 0.0 0.0 0.0 Other APM +1.6 +0.2 +6.6 +4.0 Valuation effects APM (2.1) +1.9 +3.8 (9.8) Adjusted EBITDA APM 78.9 85.2 240.8 240.4 Add back: 1E deferred revenue haircut Pro forma adjustment — +2.5 — +12.9 1E January 2025 Adjusted EBITDA Pro forma adjustment — — — 0.0 Adjusted EBITDA3 APM 78.9 87.7 240.8 253.4 Adjusted EBITDA margin (%)3 APM 43 % 46 % 44 % 44 % 1 Refers to the Restricted Stock Unit Plan (RSU) and Phantom Stock Unit Plan (PSU) introduced by TeamViewer in 2022. 2 Pre-IPO management incentive program provided by Tiger LuxOne S.à r.l. 3 2025 comparables contain pro forma adjustments. In Q3 2026, Non-IFRS EBITDA adjusted by non-recurring items ◦ IFRS2, mainly RSU ◦ 1E acquisition related items ◦ Other material items including one-off personnel related costs ◦ Valuation effects from fair value derivatives of future USD hedges due to changing EUR/ USD development and other Q3 2026 Results
Page 34
34 EBITDA to net income in € million (unless otherwise stated) Q3 2026 Q3 2025 ∆ % 9M 2026 9M 2025 ∆ % EBITDA 77.1 79.5 -3% 222.8 223.9 -1% D&A (13.8) (13.4) +3% (40.3) (40.7) -1% Operating Profit (EBIT) 63.3 66.1 -4% 182.5 183.2 0% Financial / FX result (10.4) (26.4) -61% (31.8) (59.8) -47% Share of profit/loss of associates (1.1) (0.5) +100% (3.5) (3.7) -5% Profit before tax (EBT) 51.8 39.2 +32% 147.1 119.8 +23% Income taxes (15.8) (10.6) +50% (46.8) (38.9) +21% Net income 36.0 28.7 +26% 100.3 80.9 +24% Basic number of shares issued and outstanding1 in m 157.8 157.0 +1% 157.8 157.0 +1% EPS (basic) in € 0.23 0.18 +25% 0.64 0.52 +23% Adjusted EPS (basic)2 in € 0.27 0.34 -19% 0.83 0.91 -9% 1 Period average, without treasury shares. 2 2025 comparables contain pro forma adjustments. Q3 2026 Results
Page 35
35 Adjusted net income & EPS in € million (unless otherwise stated) Basis of preparation / definition Q3 2026 Q3 2025 9M 2026 9M 2025 Net income IFRS 36.0 28.7 100.3 80.9 Expenses for share-based compensation APM +1.0 +1.6 +3.6 +12.9 PPA depreciation and amortization APM +7.8 +8.2 +23.3 +21.7 Other material items APM +0.7 +4.1 +14.4 +3.5 Extraordinary effects in finance result APM -0.1 +14.3 +0.1 +31.8 Income tax items to be adjusted APM -2.3 -6.0 -10.8 -16.7 Adjusted net income APM 43.1 50.8 130.8 134.1 Add back / deduct: 1E deferred revenue haircut1 Pro forma adjustment — +1.9 — +9.7 1E January 2025 adjusted net income Pro forma adjustment — — — -1.1 Adjusted net income2 43.1 52.7 130.8 142.7 Basic number of shares issued and outstanding 157,794,594 156,966,162 157,794,594 156,966,162 Adjusted earnings per share – basic (in €)2 APM 0.27 0.34 0.83 0.91 Q3 2026 Results 1 1E revenue haircut Q3 2025 post tax at assumed 25% corporate tax rate. 2 2025 comparables contain pro forma adjustments.