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According to Pavel Durov, the founder and CEO of Telegram, the popular messaging application is currently profitable. In a recent announcement on Monday, Durov shared the exciting news that Telegram’s aggregate revenue has exceeded an impressive $1 billion in 2024. This significant milestone signifies the financial success and stability of the company in recent years.
One of the key contributing factors to Telegram’s profitability is the introduction of its premium subscription service in 2022, which has attracted an impressive 12 million paid subscribers to date. Durov also mentioned that the company is finishing the year on a high note with over $500 million in financial reserves, a testament to its strong financial position and growth trajectory. These reserves do not even include the company’s crypto assets, which further bolster Telegram’s financial standing.
Furthermore, Durov revealed that Telegram has taken proactive steps towards reducing its debt burden by repaying a substantial portion of its debt bonds in the autumn of this year. Over the past four years, Telegram had issued approximately $2 billion in debt bonds to fund various operations and expansion efforts. By taking advantage of favorable pricing conditions in the bond market, Durov and his team were able to strategically repay a significant portion of the debt, demonstrating the company’s commitment to financial prudence and responsible debt management.
Despite these positive developments, Durov acknowledged that there is still much work to be done to ensure the long-term financial sustainability and success of Telegram. In a post on social media platform X, Durov emphasized the importance of continuing to focus on key strategic priorities and operational efficiency to drive future growth and profitability for the company.
Looking ahead, Durov shared his vision for Telegram’s future, highlighting plans for a potential initial public offering (IPO) in the coming years. In an interview with the Financial Times earlier this year, Durov expressed his confidence in Telegram’s ability to achieve profitability by 2025 and to position itself as a strong contender in the competitive messaging app market.
In addition to its financial success, Telegram has also been actively expanding its platform and introducing innovative features to enhance user experience and drive monetization opportunities. The company has rolled out features tailored for businesses, launched an ad revenue sharing service, enabled content creators to monetize their channels through paid content, and introduced a micro app store within the platform.
With over 950 million monthly active users worldwide, Telegram continues to attract a global user base and solidify its position as a leading messaging application. As the company remains profitable and continues to innovate and grow, the future looks bright for Telegram and its loyal user community.
