Pavel Durov says Telegram is now profitable

Dec 23, 2024

Telegram is now profitable, with $1 billion revenue, 12 million premium users, and $500M cash reserves.

Pavel Durov says Telegram is now profitable

: Pavel Durov announced that Telegram is now profitable, surpassing $1 billion in revenue for 2024. The platform, which introduced a premium subscription in 2022, has garnered 12 million paid users and holds over $500 million in cash reserves. While repaying a considerable portion of its $2 billion debt this fall, Telegram plans further expansion. Its user base exceeds 950 million monthly, and it continues to innovate with business features and an ad revenue sharing service.

Pavel Durov has announced that Telegram has achieved profitability with revenues exceeding $1 billion in 2024. The company's premium subscription service, launched in 2022, has attracted 12 million paid users, contributing to its financial success.

Telegram concludes the year with $500 million in cash reserves, excluding its crypto assets, reflecting its strong financial standing. The company has managed to repay a significant portion of its $2 billion debt, capitalizing on advantageous bond prices this fall.

The platform continues to grow, boasting over 950 million monthly active users who benefit from new features such as business tools and an ad revenue sharing service. Telegram is also enabling creators to monetize their content and has introduced a mini app store to enrich user experience further.