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Telegram closes the year with $500 million in cash reserves

Telegram closes the year with $500 million in cash reserves

In 2024, Telegram has grown significantly and introduced new features, strengthening its role as a top player in social media while focusing on user rights and freedom.

This year, Telegram Premium subscriptions have grown a lot, reaching over 12 million, showing that the platform offers useful features beyond the free version. More people are subscribing, which has led to a big increase in ad revenue, helping Telegram’s total revenue for the year exceed $1 billion.

Telegram finished the year with more than $500 million in cash reserves, not counting its crypto assets, setting itself up for future investments. The company has carefully handled its debt, paying back a large part of its bonds when the market was good, which has improved its financial stability.

Pavel Durov, the CEO, is focused on long-term goals and highlights the importance of ongoing growth and innovation.

In 2024, there have been new ways to make money, with Telegram adding features like Stars, Gifts, Giveaways, Mini Apps, an Affiliate Platform, Telegram Business, and Telegram Gateway. These efforts show that Telegram is focused on being financially stable while keeping user privacy intact and not depending much on ads.

Durov has faced some legal problems in France this year. Even with these challenges, his leadership has been key in keeping Telegram’s main values of privacy and free speech intact.

As 2024 ends, Telegram shows a bright future with more users and new ways to make money. As we look to 2025 and beyond, Telegram is set to stay important in the digital world, showing how tech companies can succeed by respecting user rights and creating sustainable business models.

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