Telegram's revenue increased almost 3 times in the first half of 2024

November 26th. /MEDIA TALK/. The financial performance of the Telegram messenger in the first half of 2024 showed explosive growth, according to the company's reports, which were reviewed by Financial Times journalists. The value of digital assets increased to $1.3 billion from January to June (at the end of last year they were estimated at $ 400 million). Revenue for the six months amounted to $525 million, which is 190 percent more than in the same period in 2023. We talked about the financial performance of the messenger over the past year in December.


Photo: ru.freepik.com

It is noted that the growth of capitalization and income is largely associated with the sale of Toncoins (a cryptocurrency with which the company is closely associated). The company also believes that the detention of CEO Pavel Durov by the French police did not have a "significant impact" on the messenger's activities, and the value of Toncoins continued to grow despite the unfavorable information background.

The company stated that it "maintains its practice of content moderation and cooperation with judicial authorities in strict accordance with current French law," and added that it is improving the content verification system and expanding the moderator team. Messenger's advertising revenue doubled and reached a record $120 million in the first half of the year, and premium subscriptions brought the company $119 million compared to $32 million in the same period last year.