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Join Telegram ChannelFor the first time in its history, Telegram achieved profitability, recording revenues of more than $1 billion in 2024. This marks a dramatic increase from its 2023 revenues of $350 million, representing more than threefold growth.
Pavel Durov, founder of Telegram, announced this achievement on December 23. The milestone represents a significant turning point for the messaging platform, which has faced financial challenges, rising debt and legal pressure in recent years. Notably, Durov's arrest in France earlier this year added further pressure to the company.
Telegram Reaches Profitability with $1 Billion in Revenue by 2024
This spike in revenue is largely due to the various monetization strategies introduced by Telegram. Premium subscription services, which now have 12 million active users, have been a key driver. Additionally, Telegram has expanded its advertising strategy, taking advantage of its huge user base. The company has also launched paid content channels, video services and innovative advertising experiences. As a result of this initiative, Telegram's cash reserves are projected to exceed $500 million, a remarkable recovery from its previous debt of $2 billion.
Another major factor behind Telegram's financial turnaround is its investment in cryptocurrencies. The company has leveraged the sale of TON Coin, its cryptocurrency, to increase liquidity and reduce debt. Durov also hinted at deeper cryptocurrency integration into Telegram, proposing features such as user-led cryptocurrency mining and in-app exchanges.
Despite its success, Telegram continues to face regulatory challenges. In several European countries, as well as Russia and Iran, the platform has been criticized for enabling illegal activities, including drug trafficking, child exploitation and the spread of extremist content. In response, Telegram has stepped up content moderation efforts, hiring more than 750 content managers this year and blocking more than 15 million illegal groups and channels.
With this development, Telegram has not only emerged as a financially stable entity but also demonstrated its commitment to addressing regulatory issues while exploring innovative paths for growth.