Telegram became profitable in 2024,
Telegram became profitable in 2024, generating over $1 billion in revenue for the first time, according to founder Pavel Durov. He announced this achievement on December 23, marking a significant moment for the messaging platform. Telegram’s revenue surged from $350 million in 2023, reflecting a nearly 3x increase from the previous year.
Durov credits the growth to
Durov credits the growth to diverse monetization initiatives, including a premium subscription service, advertising, and paid content channels. To further boost revenue, Telegram has expanded video services and introduced ad-supported experiences. The company is expected to close the year with cash reserves exceeding $500 million.
Crypto ventures have been a
Crypto ventures have been a critical factor in Telegram’s financial rebound. Durov hinted at deeper crypto integration within the platform, with potential features including user-based mining and in-app exchanges. Telegram faces heightened regulatory scrutiny, particularly in Europe, Russia, and Iran.
The company has ramped up moderation efforts to address these concerns.
Source