Telegram’s revenue surpassed $1 billion in 2024, the messaging app’s CEO, Pavel Durov, announced Monday.
Durov also revealed the company is closing the year with over $500 million in cash reserves, excluding crypto assets. “As I predicted, 2024 turned out to be a very good year for Telegram,” he said on the platform.
For the first time since its monetization efforts began three years ago, Telegram has become profitable, Durov added.
The CEO also highlighted significant growth in Telegram’s premium subscriber base, which tripled in 2024 to exceed 12 million.
“Over the past four years, Telegram has issued about $2 billion in debt,” Durov said. “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,” he added.