Pavel Durov, founder of Telegram, shared updates on the growth and monetization of the popular messaging app, which has attracted additional investment and is aiming for profitability in the coming years.
Telegram success
User base growth
Telegram messenger continues to actively increase the number of users. According to Pavel Durov, the application currently has 900 million monthly users, half of whom use it daily. Having reached 800 million active users in July last year, Telegram is among the top 6 most downloaded apps worldwide.
Financials
Messenger finished the last quarter with positive cash flow, and the company expects reach profit by the end of 2024. Previously, Pavel Durov predicted profitability in 2024-2025. In addition, in March, Telegram raised $330 million from the sale of bonds, the demand for which exceeded expectations. Durov estimates that Telegram's current value is $30 billion, and the company plans to go public by March 2026.
Monetization and business model
Despite the opaque ownership structure and a decade of unprofitability, Telegram is actively looking for ways to monetize. Previously launched advertising did not cover costs, and the number of subscribers to Telegram Premium, a paid subscription introduced in June 2022, exceeded 5 million users in January. However, according to Pavel Durov, about 20 million users must purchase a premium subscription to cover all costs. On March 31, Telegram launched monetization for channel owners, which does not yet work in Ukraine.
Glossary
- Pavel Durov is the founder and head of Telegram, a Russian entrepreneur.
- Telegram is a popular messenger with wide functionality and an emphasis on security and privacy.
- IPO (Initial Public Offering) - the initial public offering of a company's shares on the stock exchange.
- TON (Telegram Open Network) is a project of the Telegram blockchain platform, which was stopped due to legal problems.
Links
- Message from Pavel Durov about the growth of Telegram
- Information on raising $330 million from the sale of bonds
Answers to questions
What is the current reach of Telegram users?
When does Telegram plan to become a profitable company?
What are Telegram's financial performance at the moment?
What is the current value of Telegram and when is the IPO planned?
What monetization methods does Telegram use?
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Discussion of the topic – Telegram: from startup to billionaire in 2024
Telegram, a popular messaging app founded by Pavel Durov, achieved positive cash flow in the first quarter of 2023 and expects to be profitable by the end of this year. With 900 million monthly active users, Telegram is on its way to becoming the next billion-dollar technology project.
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Vlad_UK
Telegram is growing rapidly! 900 million users is an impressive number 🚀 However, I am concerned about the issue of data privacy. Is there any information about how Durov plans to ensure the security of so many users?
Sofia_Berlin
I wonder how Telegram will monetize its service? Paid subscriptions are good for enthusiasts, but will they attract mass users? 💰 Maybe Durov will announce integration with crypto wallets or NFT marketplace?
Pierre_Paris
To be honest, I am wary of Telegram's closed ownership structure. This raises questions about accountability and transparency. 🤨 How can we trust a service if we don’t know who is behind it?
Claudia_Roma
For me, competition is great! Telegram forces giants like WhatsApp and Messenger not to rest on their laurels. 💪 The more high-quality messengers, the better for us, users.
Иван_Гроза
Phew, that cart again! We found something to be proud of - billions of users. Are messengers a new dimension of human progress? Crazy waste of resources! 😤 It would be better if they planted trees instead of messing with canals!
Kasia_Warsaw
An investment of 330 million is a serious bid for success! 💰 Apparently, Pavel Durov convinced investors of the prospects of his brainchild. With such capital, Telegram can grow even stronger.
Antonio_Barca
But I’m more concerned about this story with the TON blockchain platform. Fines and losses are, of course, bad, but what if Durov nevertheless implements this idea? 🤔 Telegram + crypto = new era?
Olena_Kyiv
I think the authorities should closely monitor the development of such giants as Telegram. Security and privacy issues are extremely important! 🕵️♀️ It is necessary to protect the interests of users.
Hans_Frankfurt
This is all great, but I'm more interested in functionality. Will Telegram have new useful features for communication and work? Video calls? File sharing? 🤖 It’s time to supplant Zoom and Microsoft Teams!