Pavel Durov, the visionary founder of the popular messaging application Telegram, made headlines recently by announcing that the company has reached a major milestone – profitability. Durov revealed that Telegram’s overall revenue has surpassed an impressive $1 billion in 2024, marking a significant achievement for the platform.

One of the key factors contributing to Telegram’s profitability is its premium subscription service, which was introduced in 2022. Since its launch, the company has attracted an impressive 12 million paid subscribers, signaling that users are willing to invest in the app’s premium features and services. This surge in paid subscriptions has undoubtedly played a crucial role in driving Telegram towards financial success.

In addition to its growing subscriber base, Telegram has also managed to build up a substantial financial reserve. Durov disclosed that the company is ending the year with over $500 million in reserves, excluding its crypto assets. This financial stability demonstrates Telegram’s ability to manage its finances effectively and pave the way for future growth and expansion.

Moreover, Durov revealed that Telegram has taken steps to reduce its debt burden by repaying a significant portion of its debt bonds. Over the past four years, the company had issued around $2 billion in debt, but with favorable market conditions this autumn, Telegram was able to take advantage of lower bond prices and repay a substantial amount of its debt. While this is a positive development for the company, Durov acknowledged that there is still more work to be done to fully address its financial obligations.

Looking ahead, Durov has ambitious plans for the future of Telegram. In an interview with the Financial Times, he stated that the company aims to go public in the coming years and is on track to achieve profitability by 2025. By setting these goals, Durov is positioning Telegram as a strong and viable contender in the competitive messaging app market, signaling his confidence in the company’s continued success.

To drive further growth and revenue, Telegram has introduced a range of new features and services. These include offerings for businesses, an ad revenue sharing program, a platform for creators to earn money through paid content on channels, and a micro app store. These initiatives are designed to enhance user experience, attract new customers, and diversify the company’s revenue streams, ensuring its long-term sustainability in the market.

With a substantial user base of over 950 million monthly active users, Telegram continues to be a dominant player in the messaging app industry. Its emphasis on innovation, user engagement, and financial sustainability has set the company apart from its competitors and positioned it for continued success in the years to come. As Telegram continues to evolve and grow, it is poised to solidify its position as a leader in the global tech landscape.