Telegram, the messaging app known for its large user base and lax content moderation policies, has finally turned a profit this year. CEO Pavel Durov shared this exciting news on X yesterday (Dec. 23). Despite facing legal issues earlier in the year, Durov remains optimistic about the future of his company.
In a surprising turn of events, Telegram’s revenue in 2024 exceeded $1 billion, with over $500 million in cash reserves. Durov attributes this success to recent improvements in monetization strategies, proving that social media platforms can thrive while maintaining independence and respecting users’ rights.
Durov’s vision for Telegram includes a potential initial public offering, which he believes will democratize access to the platform’s value. With nearly a billion monthly active users and a growing number of paid subscribers, Telegram has seen significant growth in both revenue and user engagement.
Privacy has always been a priority for Telegram, with strong encryption to protect user data. However, the platform has faced criticism for its hands-off approach to content moderation, leading to concerns about illicit activities on the app. To address these issues, Telegram has ramped up its content policing efforts, hiring over 750 moderation contractors.
Durov, a tech entrepreneur with a colorful past, has successfully navigated the challenges of running a global messaging platform. From co-founding VKontakte to launching Telegram, Durov has shown resilience and innovation in the face of adversity. With a net worth of $15.5 billion, Durov’s commitment to privacy and user rights remains unwavering.
Overall, Telegram’s journey to profitability is a testament to Durov’s leadership and the platform’s dedication to providing a secure and user-friendly messaging experience. As the company continues to grow and evolve, it will be interesting to see how Durov’s vision for Telegram shapes the future of social media.
