Under Pressure, Telegram Turns a Profit for the First Time

Published On Dec 23, 2024, 5:04 AM

Telegram, the popular messaging app, is poised to achieve profitability for the first time this year, despite facing significant legal challenges and billions in debt. The company has shifted its business model by introducing advertising, subscription services, and leveraging cryptocurrencies. They expect revenues to exceed $1 billion in 2024, significantly up from $350 million in 2023. Telegram is also expanding its content moderation efforts to address concerns over hosting illicit material, which has led to increased scrutiny from regulators worldwide.