Telegram Achieves Profit for the First Time

For the first time in its history, Telegram reported a profit in 2024, earning $540 million.

This information was reported by the Financial Times.

According to the company’s investor presentation, total revenue reached $1.4 billion in 2024, compared to $343 million the previous year. Half of this revenue came from new partnerships, while $292 million came from premium subscriptions and $250 million from advertising.

In 2023, the company posted a loss of $173 million.

Telegram aims to increase its revenue to $2 billion in 2025, which would represent a 46% increase from the previous year. The company is also targeting a profit of $720 million in the upcoming year.

According to sources from the Financial Times, the profit information was released ahead of a bond issuance. This involves bonds amounting to approximately $1.5 billion intended for refinancing existing debt.

The terms include investors having the right to purchase shares at a 20% discount should Telegram go public.

The bond sale, which began on May 20, could conclude as early as next week.

Documents indicate that Telegram has issued bonds totaling around $2.4 billion over the past four years. From September to December 2024, the company repurchased bonds worth $375 million.