Telegram information web revenue for the primary time in 2024, with annual income exceeding $1 billion
Telegram's founder and CEO Pavel Durov stated on Monday that the platform will flip a web revenue for the primary time in 2024, with annual income topping $1 billion.
“As I predicted, 2024 turned out to be an excellent 12 months for Telegram. For the primary time within the three-year historical past of monetization, Telegram has turn out to be worthwhile,” Durov introduced on the Telegram channel.
The messaging app, which says it has greater than 950 million customers worldwide, beforehand operated with out charges, however started providing paid subscriptions and serving advertisements in 2021.
Durov stated the transfer helped it high $1 billion in income, with subscribers to the app's premium service tripling to 12 million.
Dubai-based Telegram had greater than $500 million in money reserves, excluding cryptocurrency property, Durov stated.
The corporate doesn’t seem to have printed annual accounts to accompany Durov's assertion.
In August, the Russian-born Durov was arrested in France and accused of failing to restrict extremist and unlawful content material on Telegram.
Durov, who holds French citizenship, was launched on strict bail circumstances, together with reporting to a police station twice per week and never leaving French territory.
In September, the 40-year-old billionaire criticized the French authorities and known as their method unsuitable.
He admitted, nonetheless, that the platform's fast progress had made it simpler for criminals to “abuse” the app.
Durov additionally stated that the corporate's workers had began utilizing synthetic intelligence to make sure that “problematic content material” within the app's search operate was “now not accessible”.
Nonetheless, he insisted that “99.999%” of customers aren’t concerned in prison actions.
Supply: KYPE
