Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Pavel Durov: Telegram's revenues exceeded $1 billion in 2024


December, 23 2024
watermark Economic news

Telegram has become profitable for the first time in three years since the launch of monetization. Pavel Durov, the founder of the messenger, announced this on his channel, highlighting the significant achievements of the platform over the current year.


According to him, the number of users who have subscribed to Telegram Premium has tripled and exceeded the 12 million mark. Revenue from advertising integrations also showed multiple growth. As a result, the company's total revenue for 2024 exceeded $1 billion, and Telegram's cash reserves, excluding crypto assets, amounted to more than $500 million by the end of the year.


Durov noted that over the past four years, the company has placed debt obligations in the amount of about $ 2 billion. Some of these debt obligations were repaid this fall due to favorable conditions on the bond market. However, as the Telegram founder emphasized, there is still a lot of work ahead.


Durov also drew attention to the successes in the field of new approaches to monetization, such as stars, gifts, sweepstakes, mini-applications, partner platform, as well as Telegram Business and Telegram Gateway services. These innovations, in his opinion, prove that social platforms are able to achieve financial stability while remaining independent of external influences.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.