TeamViewer AG recently announced that it has closed the year with a strong fourth quarter 2021. The company expects full year 2021 billings of around EUR 548m, consistent with the 2021 guidance (EUR 535m – 555m). This corresponds to a FY billings growth of 19% (20% cc). The adjusted EBITDA is expected to be between EUR 254m and EUR 257m, resulting in an adjusted EBITDA margin of around 47%.
Driven by a successful year-end finish with strong enterprise trading and continuous billings growth in the SMB segment, Q4 total billings increased by 20% (17% on a constant currency basis). TeamViewer also focused on maintaining a strong free-for-personal-use proposition and therefore suspended free-to-paid campaigns. The total number of subscribers at the end of the year was 627,000 (Dec 31, 2020: 584,000), in line with the annual target of 30-50 thousand additional subscribers laid out at the Capital Markets Day.
Stefan Gaiser, CFO of TeamViewer, said “We are pleased to have closed the year with a strong fourth quarter. This is marked by high renewal rates and strong billings growth, particularly in the important enterprise segment. The implementation of our dedicated roadmap to further drive top line growth and improve our cost structure is fully on track. We are delivering well against our strategy and are confident that we will continue to take advantage of our leading position in attractive growth markets.”
