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TeamViewer SE ( OTCPK:TMVWF ) Q3 2024 Earnings Call Transcript November 6, 2024 3:00 AM ET Company Participants Bisera Grubesic - VP, IR Oliver Steil - CEO Michael Wilkens - CFO Conference Call Participants Alice Jennings - Barclays Gustav Froberg - Berenberg Agarwal Deepshikha - Goldman Sachs Ben Castillo-Bernaus - BNP Exane Toby Ogg - JPMorgan George Webb - Morgan Stanley Victor Cheng - Bank of America Operator Ladies and gentlemen, welcome to the TeamViewer SE Q3 Nine Month 2024 Conference Results Call and Webcast. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session.
[Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Bisera Grubesic, Vice President IR. Please go ahead.
Bisera Grubesic Thank you, operator, and good morning ladies and gentlemen, and welcome to TeamViewer's Q3 2024 earnings call. I am Bisera Grubesic, Head of IR, and today I am joined by our CEO, Oliver, and CFO, Michael, to present our results. As per usual, Oliver will run you through the quarterly business highlights, and in the second half, Michael will present the Q3 financials.
The presentation will be concluded by a Q&A session. Please note that you can find the important notice and the APM disclosure on Slide 2 and 3 of the presentation. I would now like to take a few minutes to explain the introduction of ARR which we made this quarter.
As a leading SaaS company, we today introduced annual recurring revenue at the group level and for our SMB and enterprise business. This forward-looking KPI offers a clear view of annualized recurring revenue while eliminating multi-year deal noise from billings. Aligning with SaaS peers, this market standard metric.
