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Pavel Durov has made headlines once again, this time announcing that his brainchild, Telegram, has finally reached profitability. This news was made public just recently in a press release in which Durov proudly stated that the messaging application’s revenue surpassed a whopping $1 billion in 2024.
One of the key factors contributing to this success is the introduction of the premium subscription service back in 2022. Since its inception, Telegram has managed to attract an impressive 12 million paid subscribers. In addition to this, the company is also closing the year with a healthy financial balance of over $500 million, not including its crypto assets.
It is worth noting that Telegram has been proactive in managing its debts, with Durov revealing that the company has successfully repaid a substantial portion of its debt bonds in the autumn of this year. In his own words, Durov disclosed that Telegram had issued around $2 billion in debt over the past four years. Taking advantage of favorable pricing conditions, the company managed to significantly reduce its debt burden. However, Durov was quick to point out that there is still much work to be done in this regard.
In a candid interview with the Financial Times earlier in the year, Durov hinted at the company’s plans to go public in the near future. He also confidently stated that Telegram is on track to achieve profitability by 2025, a goal that seems more attainable than ever.
In addition to focusing on financial stability, Telegram has been actively rolling out new features and services aimed at enhancing user experience and driving revenue. Some of these initiatives include features catered to businesses, an ad revenue sharing service, a platform for creators to monetize their content through paid channels, and even a micro app store.
With a user base exceeding 950 million monthly active users, Telegram has solidified its position as one of the most popular messaging applications worldwide. Its commitment to innovation, coupled with its increasing profitability, bode well for its future prospects as it continues to evolve and expand its offerings.
As Pavel Durov and his team continue to steer Telegram towards greater heights, the future certainly looks promising for the company and its legion of users who have come to rely on it for their communication needs.
