Telegram achieved a revenue of 525 million USD in the first half of the year, with the scale of digital assets significantly increased to 1.3 billion USD

Deep Tide TechFlow News, on November 26, according to the Financial Times, Telegram achieved a revenue of 525 million USD in the first half of 2024, a year-on-year increase of 190%, with a net profit of 335 million USD. Advertising revenue doubled to 120 million USD, and premium subscription revenue reached 119 million USD. The company's digital asset scale increased significantly from 400 million USD at the end of last year to 1.3 billion USD.

Telegram reached an exclusive advertising payment agreement with Toncoin, obtaining a one-time revenue of 225 million USD. This agreement allows Toncoin to be the sole payment method for small business advertisements on the platform, which was terminated on October 1. Additionally, the company earned 353 million USD in the first half of the year from the sale of digital assets, followed by the sale of 348 million USD of Toncoin. Compared to a total revenue of 342 million USD and a loss of 173 million USD for the entire year of 2023, Telegram is expected to achieve its first annual profit.