Telegram’s CEO, Pavel Durov, announced that the messaging platform achieved profitability in 2024, with its total revenue exceeding $1 billion.
The company has seen steady growth since introducing its premium subscription in 2022, which now boasts 12 million paying users.
Telegram has also built up over $500 million in cash reserves, excluding crypto holdings.
This year, Telegram made substantial progress in reducing its $2 billion debt, repaying a significant portion of its bonds.
Durov indicated that while the company had made strides, there is still much to be done to stabilize its financial position.
Telegram, which serves nearly 1 billion monthly active users, has introduced several monetization strategies, such as tools for businesses, an ad-sharing programme, and a mini app store for developers.
It has also allowed content creators to generate revenue through paid channel content.
