TELEGRAM’S REVENUES EXCEED $1B IN 2024

Tue 24 December 2024:

Messaging application Telegram’s revenues surpassed $1 billion in 2024, the chief executive officer (CEO) of the firm said on Monday.

“We are closing the year with more than $500 million in cash reserves, not including crypto assets,” Pavel Durov said on Telegram.

“As I predicted, 2024 turned out to be a very good year for Telegram,” he said.

Durov added that for the first time in its three-year history of monetization, Telegram became profitable now.

In 2024, the number of Telegram premium subscribers tripled, exceeding 12 million, he said.

“Over the past four years, Telegram has issued about $2 billion in debt,” Durov said, adding: “We repaid a meaningful share of it this Fall, taking advantage of favorable prices for the Telegram bonds. But there’s a lot of work ahead.” 

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Telegram, a popular messaging app, has faced several controversies tied to its use for unregulated communication. Critics highlight its role in enabling misinformation, illegal activities, and extremist content due to its encryption and lack of moderation. Governments in some countries have banned or restricted Telegram, claiming it facilitates crime or dissent.

Supporters argue that Telegram’s privacy features protect freedom of expression and are essential in oppressive regimes. Controversies also extend to the app’s founder, Pavel Durov, with debates about its funding sources and security claims.

Telegram’s dual nature—privacy champion or regulatory headache—remains a polarizing topic globally.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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