Telegram has reached profitability for the first time, with revenue exceeding $1 billion in 2024. Founder Pavel Durov highlighted the growth in Telegram Premium subscribers and advertising revenue as key drivers of financial success.
Telegram's Financial Success in 2024
In 2024, Telegram confirmed its financial stability by announcing total revenue exceeding $1 billion and over $500 million in cash reserves, excluding crypto assets. Telegram Premium subscribers tripled, surpassing 12 million, contributing significantly to increased advertising revenue and the company's achievements in the financial sector.
Monetization and New Strategies
Over the past four years, Telegram has implemented various monetization strategies, including the launch of features such as Stars, Gifts, Mini Apps, and Telegram Business. These efforts underline the platform’s commitment to financial sustainability while maintaining user independence.
Future Prospects and Telegram's Next Moves
Telegram is considering a potential IPO or acquisition. Pavel Durov emphasizes the importance of monetization to maintain the company's independence. He suggested that an IPO could involve offering stock to loyal users, similar to Reddit's strategy.
Telegram continues to grow, attracting an estimated 850 million monthly active users despite challenges with content moderation. The company is actively enhancing its moderation and preparing for a potential initial public offering.
