💨 Abstract

German software company TeamViewer improved its full-year profit margin outlook after a better-than-expected Q3, partially due to reduced sponsorship with Manchester United. The EBITDA margin was 48%, beating analyst forecasts. The company expects further margin boost from the sponsorship change in Q4. However, revenue target for 2024 was trimmed due to foreign exchange effects.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖