Pavel Durov says Telegram is now profitable

Telegram founder Pavel Durov said Monday that the company is now profitable. Durov said the chat app’s total revenue surpassed $1 billion in 2024.

The company, which launched its premium subscription service in 2022 , now has 12 million paid users. Durov also said that the app is finishing the year with more than $500 million in cash reserves, without counting its crypto assets.

The Telegram CEO said that the company has repaid a significant amount of its debt bonds this fall.

“Over the past four years, Telegram has issued about $2 billion in debt. We repaid a meaningful share of it this Fall, taking advantage of favorable prices for the Telegram bonds. But there’s a lot of work ahead,” Durov said in a post on X .

Earlier this year, in an interview with the Financial Times , Durov said that the company will hit profitability in 2025 , and was aiming to go public in the future.

Telegram, which has more than 950 million monthly active users , has released features for businesses , added an ad revenue sharing service, let creators earn money through paid content on channels , and launched a mini app store .