Telegram Achieves Profitability for the First Time, Reports $1 Billion in Annual Revenue
In a significant milestone for the company, Pavel Durov, the founder and chief executive of the popular encrypted messaging platform Telegram, announced on Monday that the app has achieved net profitability for the first time in its history. This achievement comes as the platform also surpassed $1 billion in annual revenue, marking a major shift in the financial trajectory of the once non-profitable app. Telegram, which has long been known for its emphasis on privacy and secure communication, has steadily grown in popularity since its launch in 2013. Initially, the app gained attention for its unique features, including end-to-end encryption, self-destructing messages, and the ability to create large groups and channels. These features, combined with its commitment to user privacy, have made Telegram a favorite among individuals, businesses, and organizations seeking a secure alternative to other messaging platforms. The platform's profitability in 2024 is a significan...