Durov announces Telegram’s 2024 milestones: becoming profitable for the first time, with more than 12 million subscribers and $500 million in cash reserves.

Here is the English translation: The year 2024 is about to end, and Pavel Durov, the founder and CEO of the instant messaging giant Telegram, also posted on his official personal channel on TG yesterday (23rd) to summarize Telegram's progress and achievements in 2024. He stated in the article: As I predicted, 2024 was a very good year for Telegram. This year, Telegram achieved profitability for the first time in its three-year monetization process. This year, Telegram's subscriber base grew threefold, exceeding 12 million. Our advertising revenue also increased several times. As a result, Telegram's total revenue exceeded $1 billion in 2024, and we ended the year with over $500 million in cash reserves, not including crypto assets. Over the past four years, Telegram has issued about $2 billion in debt, and we repaid some of it this fall, but there is still a lot of work to be done. Our monetization innovations this year include: Stars, Gifts, Giveaways, Mini Apps, Membership Platform, Telegram Business, and Telegram Gateway... This proves that social media platforms can achieve financial sustainability while maintaining independence and respecting user rights. Finally, Durov emphasized that users will always be Telegram's service target, even with the adoption of monetization measures, users will always be Telegram's priority. Telegram's next plan is to go public on the U.S. IPO? It is worth mentioning that, as Durov said, due to the deep integration between Telegram and the public chain TON, this year, under their collaboration, several high-profile Web3 projects such as Notcoin and Catizen were born and achieved certain results. However, in August this year, Durov was detained upon arriving in Paris, and was soon after charged by the authorities with six crimes, including conspiracy to engage in illegal transactions and money laundering. He was later released on bail of 500,000 euros in early September, but is currently restricted from leaving France, and the TON public chain and Telegram have also been hit. However, as Telegram has been actively cooperating with the relevant authorities in the investigation, the compliance issues regarding Telegram seem to have gradually subsided. Meanwhile, according to a report by the UK's Financial Times earlier this year, while making progress in its business, Telegram is also considering going public in the U.S. in the next two years.