![]() Subscriber churn improved to 14.6% in Q3 2021. ![]() The contribution from large Enterprise deals grew significantly, however at a slower than expected rate. NRR in the last twelve months thereby reached c. ![]() The expected quarter-on-quarter improvement of the net retention rate (NRR) materialized with NRR of nearly 100% in Q3 2021 vs. Due to the billings' shortfall and the cost ramp up, the adjusted EBITDA margin amounts to around 34% for the third quarter and approximately 48% for 9M 2021. In Q3 2021, TeamViewer generated billings of around EUR 126m, up around 18% reported and 18% cc, thereby showing higher year-on-year growth compared to Q2 2021 but still below its own projections of at least 20% year-over-year quarterly billings growth in 2021. Goppingen, 6 October 2021 - Following an initial review of its financial performance, TeamViewer AG announces preliminary financial results for the quarter ending 30 September 2021. FY 2021 adjusted EBITDA margin now expected at around 44% to 46%.
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