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Forwarded from Venture Capital

📱 Pavel Durov says Telegram is now profitable

Telegram founder Pavel Durov announced that the messaging app is now profitable, with total revenue exceeding $1 billion in 2024. The platform has gained 12 million paid subscribers since launching its premium subscription service in 2022 and holds over $500 million in cash reserves, excluding crypto assets.

Durov noted that Telegram has repaid a significant portion of its $2 billion debt issued over the past four years. The company aims to go public in the future and has introduced various features for businesses, an ad revenue sharing service, and a mini app store to enhance monetization. With more than 950 million monthly active users, Telegram continues to expand its offerings while achieving financial stability.

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