Telegram Achieves Profitability in 2024 with Over $1 Billion Revenue, 12 Million Subscribers, and $500 Million Cash

Dec 23, 2024, 05:50 PM

Telegram has reported its first profitable year in 2024, achieving over $1 billion in revenue, a substantial increase from approximately $350 million in 2023. The company, led by CEO Pavel Durov, has seen its number of Telegram Premium subscribers triple to over 12 million, contributing significantly to its revenue growth. Durov noted that more than 50% of the revenue comes from advertising. Despite facing billions in debt, Telegram has managed to pay down a meaningful portion of its $2 billion debt, ending the year with over $500 million in cash reserves. The platform's profitability marks a notable milestone since it began monetization efforts three years ago.