TeamViewer Stock – It’s Not Us, It’s You

Blossom Ventures recently read through around 70 SaaS Q3-2024 earnings transcripts and concluded that, “companies focusing on value-driven solutions and ROI-driven platforms are best positioned.” If a solution saves a company money, they’ll likely adopt it more widely and increase spending over time. We measure this using a metric called net retention rate or NRR. And the last time we looked at TeamViewer (TMV:DE) we said they need to show “more value for existing customers because it’s always easier to upsell an existing customer than go find a new one.” Today, we see their NRR dipping below 100% which means customers are spending less over time. Not good.

Is it time to breakup with TeamViewer stock?

Is TeamViewer Stock a Growth Stock?

You cannot be disrupting if you aren’t growing. In our last webinar, we talked about jettisoning “growth-value hybrids” from our disruptive tech portfolio if they’re not showing at least double-digit revenue growth. Here’s how TeamViewer’s has progressed over the past five years with revenue growth slowing this year to mid-single digits (based on the narrow guidance range provided last quarter).