Pavel Durov says Telegram is now profitable

Telegram founder Pavel Durov He said Monday that the company is now profitable. Durov said the chat app’s total revenue exceeded $1 billion in 2024.

The company that launched it Premium subscription service in 2022It now has 12 million paid users. Durov also said that the app ended the year with more than $500 million in cash reserves, not counting its cryptocurrency assets.

Telegram’s CEO said the company repaid a significant amount of its debt notes this fall.

“Over the past four years, Telegram has issued about $2 billion in debt. We paid off a significant portion of it this fall, taking advantage of favorable prices for Telegram bonds. But there is a lot of work ahead of us,” Durov said. Share on X.

Earlier this year, in an interview with Financial TimesDurov said that the company will Achieving profitability in 2025It was intended to be released to the public in the future.

Telegram, which has more than 950 million monthly active usershe was released Features for businessesAn ad revenue sharing service has been added to allow content creators to earn Money through paid content on channelsAnd off I went Small app store.