Telegram founder Pavel Durov mentioned Monday that the corporate is now worthwhile. Durov mentioned the chat app’s complete income surpassed $1 billion in 2024.
The firm, which launched its premium subscription service in 2022, now has 12 million paid customers. Durov additionally mentioned that the app is ending the yr with greater than $500 million in money reserves, with out counting its crypto property.
The Telegram CEO mentioned that the corporate has repaid a major quantity of its debt bonds this fall.
“Over the previous 4 years, Telegram has issued about $2 billion in debt. We repaid a significant share of it this Fall, benefiting from favorable costs for the Telegram bonds. But there’s a whole lot of work forward,” Durov mentioned in a submit on X.
Earlier this yr, in an interview with the Financial Times, Durov mentioned that the corporate will hit profitability in 2025, and was aiming to go public sooner or later.
Telegram, which has greater than 950 million month-to-month lively customers, has launched options for companies, added an advert income sharing service, let creators earn cash by means of paid content material on channels, and launched a mini app retailer.
