The post Telegram Hits Profitability in 2024: A Major Milestone appeared on BitcoinEthereumNews.com.

Telegram’s revenue surpassed $1 billion in 2024, marking a major financial turnaround. Premium subscriptions and crypto ventures helped drive Telegram’s profitability growth. Legal scrutiny persists as Telegram intensifies efforts to moderate illicit content. Telegram has hit a significant milestone in 2024 by becoming profitable, a feat it had struggled to achieve in previous years. Founder and CEO Pavel Durov pointed out that after facing financial challenges, legal scrutiny, and growing debts, the messaging platform has finally crossed the $1 billion revenue mark.  This achievement is a dramatic turnaround from its previous revenue of approximately $350 million in 2023. So, how did they do it? Telegram’s profitability is the outcome of a combination of new monetization strategies and improved financial management, despite its ongoing challenges. Telegram is now profitable 🏆 📈 This year, the number of Telegram Premium subscribers tripled, exceeding 12 million. Our ad revenue also increased a few times. Telegram’s total revenue in 2024 surpassed $1 billion, and we are closing the year with more than $500 million in cash… — Pavel Durov (@durov) December 23, 2024 Revenue Growth and Subscriber Base Expansion One of the key drivers of Telegram’s success is its premium subscription service. Launched two years ago, Telegram Premium has seen a dramatic increase in subscribers, now more than 12 million. This growth, coupled with an aggressive advertising strategy, has significantly increased Telegram’s revenue. Also, the platform has introduced additional paid features, like content within channels, video services, and an ad-supported experience. These new monetization channels have been crucial in Telegram’s rise to profitability. Read also: TON Blockchain Growth Surges: Daily Active Users Exceed 5 Million Cryptocurrency Ventures Support Financial Growth Beyond traditional revenue sources, Telegram has looked into cryptocurrency ventures to support its finances. The platform developed its own digital currency, Toncoin, which it has…

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Filed under: News - @ December 24, 2024 7:21 am