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TeamViewer Lowers 2025 Revenue Outlook Amid Weak Performance at 1E Unit

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TeamViewer (TMV.DE) said on Tuesday it now expects its 2025 revenue to come in at the lower end of its previous guidance—between €778 million and €797 million ($907 million–$929.5 million)—as weakness in its recently acquired 1E business continues to weigh on growth.

The 1E unit, acquired in December 2024, develops software that helps detect and fix IT issues but has underperformed expectations. TeamViewer cited “ongoing transformation efforts and persistent macroeconomic challenges” as reasons for the slowdown. The unit’s annual recurring revenue fell short of projections, with sales slipping 8% in the third quarter, even as overall company revenue rose 4% at constant currency.

TeamViewer said the downturn reflects not only Europe’s sluggish economic climate but also macroeconomic headwinds in the United States, where 1E traditionally has its strongest customer base. CFO Michael Wilkens noted that turnaround efforts for the business “will take time to materialize,” dampening near-term growth prospects.

As a result, TeamViewer cut its overall annual recurring revenue forecast to €780–€800 million, down from €815–€840 million previously, and trimmed its 2026 revenue growth outlook to 2%–6%. To mitigate the impact, the company said it will introduce new cost-cutting initiatives.

Despite the weaker revenue forecast, TeamViewer raised its adjusted EBITDA margin target for 2025 to 44% from 43%, crediting tighter cost control and improved operational efficiency. The company said its long-term focus remains on strengthening recurring revenue and restoring growth momentum at 1E.

Flock Safety Raises $275 Million to Fund Manufacturing and R&D Expansion

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Flock Safety, a U.S.-based startup specializing in surveillance technology, has secured $275 million in new funding, led by Andreessen Horowitz, to expand its operations. The funding will be used to support the development of a manufacturing plant and to further explore new products, including drones.

The investment has valued Flock Safety at $7.5 billion, a significant increase from its previous valuation of $4.8 billion in the previous funding round last year. With this latest funding, the startup’s total capital raised exceeds $950 million, positioning it among the most well-funded startups in the region, according to PitchBook data.

This marks the third investment by Andreessen Horowitz in Flock, a notable move by the venture capital firm. Greenoaks Capital and Bedrock Capital also participated in the funding round.

Flock Safety provides security cameras and software aimed at helping law enforcement agencies and businesses combat crime. The company has reported surpassing $300 million in annual recurring revenue (ARR), reflecting a 70% year-over-year growth. In preparation for an eventual public listing, Flock has brought in Brandon Simins as its new CFO this year, although it has not set a specific timeline for the listing.

A significant part of the funding will go toward the construction of a 100,000-square-foot manufacturing facility in Georgia, where Flock plans to begin the production of U.S.-manufactured drones by 2025. Garrett Langley, CEO of Flock, expressed excitement about bringing more manufacturing to the U.S., stating that it would provide better control over the supply chain and further their mission to combat crime.

Founded in 2017, Flock Safety’s surveillance system leverages artificial intelligence (AI) to provide insights for investigations, such as identifying car plates. The company now serves over 4,800 law enforcement agencies and nearly 1,000 businesses, including major retailers and healthcare providers. Enterprise businesses account for approximately 30% of its revenue.

Investing in startups that sell to law enforcement is somewhat uncommon for Silicon Valley investors, but David George, general partner at Andreessen Horowitz, highlighted Flock’s growth as evidence of the large market for such solutions. “Flock Safety has one of the most compelling ROI (return on investment) equations we’ve ever seen in software or hardware markets,” said George. He added that Flock’s widespread penetration into police departments and its high market share position it for a venture-scale outcome.