Encrypted messaging service Telegram has reached a significant milestone, achieving profitability after 11 years of operation, according to CEO Pavel Durov. In a recent announcement on his Telegram channel, Durov attributed this success to the platform’s revenue streams, which include advertising and premium subscriptions.
Telegram’s revenue has surpassed billion in 2024, with the company holding 0 million in cash reserves, excluding cryptocurrency assets. Durov emphasized that these results showcase the potential for social media platforms to attain financial sustainability while maintaining independence and respecting user rights.
To enhance monetization, Telegram has introduced various initiatives this year, such as a revenue-sharing model for content creators and a premium subscription tier priced at .99 per month. Durov noted that the company has also made significant progress in reducing its billion debt.
This achievement marks a notable turnaround from the previous year, when Telegram reported a loss of 8 million on revenues of 2 million. Such losses are not uncommon for emerging tech and media companies, and Durov has even hinted at the possibility of a public listing in the near future.
Despite its financial success, Telegram continues to face scrutiny on a global scale, particularly regarding misinformation and its limited content moderation policies. The platform has been involved in various controversies, including a recent incident where French authorities arrested Durov over allegations related to criminal activities facilitated through the app. Durov has expressed concerns about the application of outdated laws to modern digital platforms, arguing that it is a misguided approach to hold him accountable for the actions of third parties.
Telegram’s unique operational model sets it apart from other social media platforms like Facebook and YouTube, as it offers minimal content moderation. This has led to bans in several countries, including China, Thailand, and Iran, while the app was also prohibited in Russia from 2018 to 2020 due to Durov’s refusal to grant the Kremlin access to user data. Today, Telegram remains popular in Russia and serves as a crucial source of information regarding the ongoing conflict in Ukraine.
Key Highlights
- Telegram is now profitable after 11 years, driven by ads and premium subscriptions.
- The platform’s revenue exceeded billion, with 0 million in cash reserves.
- Global scrutiny over misinformation and content moderation practices continues to challenge the platform.
