Telegram, the popular messaging app known for its large user base and unique approach to content moderation, has achieved a significant milestone this year by turning a profit. CEO Pavel Durov shared this exciting news on X yesterday (Dec. 23), highlighting the company’s resilience in the face of challenges earlier in the year.
In a surprising development, Telegram’s revenue in 2024 surpassed $1 billion, with over $500 million in cash reserves. Durov credits this success to recent improvements in monetization strategies, demonstrating that social media platforms can succeed while upholding their independence and respecting users’ rights.
Looking ahead, Durov envisions a potential initial public offering for Telegram, aiming to make the platform’s value more accessible to a wider audience. With nearly a billion monthly active users and a growing number of paid subscribers, Telegram continues to see substantial growth in both revenue and user engagement.
Privacy has always been a top priority for Telegram, with robust encryption measures in place to safeguard user data. However, the platform has faced criticism for its lenient content moderation policies, leading to concerns about illicit activities on the app. To address these issues, Telegram has ramped up its content policing efforts by hiring over 750 moderation contractors.
Durov, a seasoned tech entrepreneur with a storied past, has adeptly navigated the complexities of overseeing a global messaging platform. From co-founding VKontakte to launching Telegram, Durov has consistently demonstrated resilience and innovation in the face of adversity. With a net worth of $15.5 billion, Durov remains steadfast in his commitment to privacy and user rights.
Overall, Telegram’s journey to profitability reflects Durov’s strong leadership and the platform’s dedication to offering a secure and user-friendly messaging experience. As the company continues to expand and evolve, it will be fascinating to witness how Durov’s vision for Telegram shapes the future of social media.
