
PANews|May 23, 2025 08:17
Telegram made a historic profit of $540 million last year and collaborated with xAI to integrate Grok
According to the Financial Times, although founder Pavel Durov is under formal investigation in France for allegedly failing to handle platform crime content, Telegram still achieved a profit of $540 million in 2024, with revenue reaching $1.4 billion, an annual growth of over three times.
The company is seeking to issue $1.5 billion in bonds to repurchase old debt and pave the way for a possible future IPO. About half of the revenue comes from "ecological cooperation", including mini applications based on TON blockchain and Toncoin payments; Advertising and subscription revenue were $250 million and $292 million, respectively.
Telegram aims to achieve $2 billion in revenue and $720 million in profit by 2025. Meanwhile, Durov accused the French investigation of being a "geopolitical" operation. Telegram has also partnered with Elon Musk's AI company xAI to integrate its Grok chatbot into the platform.
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