We have significantly broadened our expertise and solutions portfolio with the successful acquisition of Ubimax. Until today, our software has been installed on more than 2.5 billion devices around the globe which shows our leadership in connectivity. Oliver Steil, CEO of TeamViewer, said: "In our first year as a listed company we have over-delivered on our growth plan. 9M Adjusted EBITDA grew by 58% yoy (+61% cc) to EUR 189.3m resulting in an Adjusted EBITDA margin of 57%, up 4 percentage points. Q3 Adjusted EBITDA was up 26% yoy (+34% cc) to EUR 58.2m corresponding to an Adjusted EBITDA margin of 55% (Q3 2019: 56%). This resulted in billings of EUR 332.1m in the first nine months of 2020, up 48% yoy (+50% cc). Q3 billings grew by 29% year-over-year (yoy) and by 34% at constant currencies (cc) to EUR 106.4m. Goppingen, 10 November 2020: TeamViewer continued to deliver strong growth and high profitability in the third quarter, driven by the company's broad solutions portfolio and leading position in attractive markets. Billings guidance for 2020 increased to EUR 450-455m, excluding Ubimax contribution.TeamViewer has been installed on more than 2.5 billion devices until today.Number of subscribers increased to 567 thousand as of 30 September 2020.Q3 first quarter in a normalized market environment after COVID-19 pandemic-related extra demand.Q3 Adjusted EBITDA of EUR 58.2m (+26% yoy +34% cc) and 9M Adjusted EBITDA of EUR 189.3m (+58% yoy +61% cc).TeamViewer AG delivers strong Q3 growth and high profitability - guidance increased
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