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According to Pavel Durov, the founder of the popular messaging application Telegram, the company is currently in a profitable state. In a recent announcement on Monday, Durov shared that Telegram’s total revenue has surpassed $1 billion in 2024, marking a significant milestone for the company.
One of the key contributors to Telegram’s financial success has been the introduction of a premium subscription service in 2022, which has attracted a total of 12 million paid subscribers. This steady stream of revenue has allowed the company to amass over $500 million in financial reserves by the end of the year, excluding any crypto assets that the company may hold.
Durov also revealed that Telegram has taken steps to reduce its debt burden by repaying a significant portion of the $2 billion in debt that the company has accumulated over the past four years. By taking advantage of favorable bond pricing this autumn, Telegram was able to make a dent in its outstanding debt. However, Durov acknowledged that there is still more work to be done in this area.
In an interview with the Financial Times earlier this year, Durov expressed his intention for Telegram to go public in the future. He also set a target for the company to achieve profitability by 2025, highlighting the company’s commitment to sustainable growth in the long term.
In addition to its financial milestones, Telegram has also been focused on expanding its offerings to both individual users and businesses. The company has introduced new features tailored for businesses, such as an ad revenue sharing service and opportunities for creators to monetize their content through paid channels. Telegram has also launched a micro app store to provide users with additional tools and services within the platform.
With over 950 million monthly active users, Telegram continues to be a popular choice for individuals and businesses alike. The platform’s user base has grown steadily over the years, with users attracted to its robust features, privacy protections, and commitment to user experience.
Overall, Pavel Durov’s announcement of Telegram’s profitability is a strong indicator of the company’s growth and success. With a focus on financial sustainability, innovation, and user engagement, Telegram is well positioned to continue its upward trajectory in the years to come.
