Antony Parsons
Telegram, the popular messaging app, has reached a significant milestone, achieving its first profitable year with a revenue of over $1 billion. This announcement was made by the app’s founder, Pavel Durov, in a recent update.
A Year of Growth and Success
This year has been remarkable for Telegram, with the number of Telegram Premium subscribers tripling to exceed 12 million. Additionally, the app’s ad revenue has also seen a substantial increase. As a result, Telegram’s total revenue in 2024 has surpassed the $1 billion mark, with the company closing the year with more than $500 million in cash reserves, excluding crypto assets.
Debt Repayment and Future Plans
Over the past four years, Telegram has issued approximately $2 billion in debt. However, the company has made significant progress in repaying a meaningful share of this debt, taking advantage of favorable prices for Telegram bonds. Despite this achievement, Pavel Durov acknowledges that there is still a lot of work ahead for the company.
Innovations in Monetization
Telegram has introduced several innovative features this year, including Stars, Gifts, Giveaways, Mini Apps, the Affiliate Platform, Telegram Business, and Telegram Gateway. These features demonstrate that social media platforms can achieve financial sustainability while maintaining independence and respecting users’ rights.
A New Era for Telegram
Telegram’s achievement of profitability marks a new era for the company. With a strong financial foundation and a commitment to innovation, Telegram is well-positioned to continue its growth and success in the years to come.
About Telegram
Telegram is a cloud-based messaging app founded by Pavel Durov in 2013. The app is known for its emphasis on user privacy and security, as well as its unique features such as end-to-end encryption and self-destructing messages. With over 500 million active users, Telegram is one of the most popular messaging apps in the world.
Conclusion
Telegram’s achievement of profitability is a significant milestone for the company, demonstrating its ability to balance financial sustainability with its commitment to user privacy and independence. As the company looks to the future, it is clear that Telegram will continue to play a major role in the world of social media and messaging apps.
