The founder and CEO of the instant messaging giant Telegram, Pavel Durov, posted yesterday (23rd) summarizing Telegram's business progress in 2024. He stated that the number of Telegram subscribers has tripled, advertising revenue has also increased several times, and they closed this year with over $500 million in cash reserves. (Background: Telegram's revenue in the first half of the year exceeded $500 million, a 190% year-on-year growth; TON's value increased, subscription model became key) (Additional background: Telegram's significant update 'Mini Apps 2.0': supports full screen, motion tracking, adds desktop shortcuts, and many new features) As 2024 is about to end, Pavel Durov also posted on his official TG personal channel yesterday (23rd), summarizing Telegram's progress and achievements in 2024. In the article, he stated: As I predicted, 2024 has been a very good year for Telegram. This year, Telegram achieved profitability for the first time in its three-year monetization process. This year, the number of Telegram subscribers has tripled, exceeding 12 million. Our advertising revenue has also increased several times. As a result, Telegram's total revenue in 2024 exceeded $1 billion, and we closed this year with over $500 million in cash reserves, not including crypto assets. Over the past four years, Telegram has issued about $2 billion in debt; we repaid some of it this fall, but there is still a lot of work to be done. This year, our innovations in monetization included: Stars, Gifts, Giveaways, Mini Apps, membership platforms, Telegram Business, and Telegram Gateway... This proves that social media platforms can achieve financial sustainability while maintaining independence and respecting user rights. Finally, Durov emphasized that users will always be the service goal of Telegram; even when adopting monetization methods, users are always Telegram's top priority. Is Telegram planning to go public in the U.S. next? It is worth mentioning that, as Durov said, due to the deep integration between Telegram and the public chain TON, under their cooperation this year, several highly anticipated Web3 projects such as Notcoin and Catizen have emerged and achieved certain results. However, in August, after arriving in Paris, Durov was detained and soon after charged by authorities with six major crimes including conspiracy to commit illegal transactions and money laundering... He was later released on bail for 5 million euros in early September and is currently restricted from leaving France, while the public chain TON and Telegram also faced setbacks. However, as Telegram actively cooperates with the relevant authorities' investigations, the compliance issues regarding Telegram seem to have gradually calmed down. Meanwhile, according to a report from the Financial Times earlier this year, while Telegram is making business progress, it is also considering going public in the U.S. within the next two years. Related reports: Bitget Wallet Lite quickly surpassed 3 million users! It has become the fastest-growing multi-chain wallet on Telegram. Telegram founder's girlfriend had a miscarriage! Suspected to be due to excessive pressure from the investigation, Durov condemned online bullying. Pavel Durov: Telegram Premium users exceed 10 million! A 'Nearby Businesses' feature will be launched. "Durov announces Telegram's 2024 milestone: first-time profitability, subscribers exceeding 12 million, cash reserves of $500 million..." This article was first published on BlockTempo (the most influential blockchain news media).