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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.

Engaged Capital Pushes Cognex to Cut Costs, Says AI Firm’s Stock Could Double

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Activist investor Engaged Capital has taken a major stake in Cognex (CGNX.O) and is pressing the machine-vision systems maker to slash costs and hire cost consultants — a move it says could help the company’s share price nearly double within two years. Speaking at the 13D Monitor Active-Passive Investment Summit in New York, Engaged’s founder and chief investment officer Glenn Welling described Cognex as “an AI company without the AI valuation.”

Welling did not reveal the size of the stake but called it one of Engaged’s largest holdings. Regulatory filings show the hedge fund manages roughly $700 million in assets. Cognex, which develops smart cameras and barcode readers used by clients such as Amazon and BMW, has a market capitalization of $7.7 billion, though its stock has dropped 50% from its all-time high four years ago.

Now under new leadership — with CEO Matt Moschner and CFO Dennis Fehr — Engaged sees an opportunity for a turnaround. Welling argued that Cognex’s profit margins could rise from 17% to around 40% through tighter spending and sharper focus on high-return R&D projects. By comparison, competitor Keyence maintains margins above 50%.

Cognex has recently revamped some of its products, using artificial intelligence to make them easier to install and operate, opening access to a broader customer base. Welling said Engaged has already held constructive talks with Cognex management and connected them with cost optimization consultants who have worked successfully with other Engaged-backed companies.

Paramount CEO David Ellison Unveils Tech-Driven Vision Following Merger with Skydance

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David Ellison, the newly appointed chairman and CEO of Paramount, outlined a strategic vision to transform the company into a technology-focused media powerhouse following its $8.4 billion merger with Skydance Media.

Ellison emphasized a shift toward blending Hollywood’s storytelling heritage with Silicon Valley’s innovation, aiming to scale Paramount’s global streaming business and improve efficiency through a major reorganization. The company will be divided into three core units: studios, direct-to-consumer, and TV media, with plans to consolidate operations onto a unified technology platform to reduce costs.

The reorganization intends to cut $2 billion in expenses by streamlining labor, real estate, and procurement. Paramount will prioritize investment in high-quality exclusive content, especially sports, which is seen as a key driver for subscriber retention.

Technology will serve as an enabler of creativity, including virtual production stages, AI-assisted content localization, and a proprietary ad-tech stack to optimize revenue across streaming and traditional TV.

The company plans to unify its subscription service Paramount+ and free streaming service PlutoTV on one platform to enhance user experience and reduce costs.

Ellison also reaffirmed commitment to CBS News, acknowledging the newsroom’s dedication and pledging to support unbiased journalism. However, the Federal Communications Commission’s regulatory approval process stirred controversy, with FCC Commissioner Anna Gomez criticizing the imposition of strict editorial oversight as politically motivated.