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Telegram Set to Achieve Profitability in Upcoming Year

ByHuey Yee Ong

Mar 14, 2024
Telegram Set to Achieve Profitability in Upcoming Year

Telegram Set to Achieve Profitability in Upcoming Year

In a recent revelation, Pavel Durov, the founder of Telegram, announced that the widely popular chat app is on track to achieve profitability by the next year. With a burgeoning user base that recently crossed the 900 million mark, Telegram’s financial prospects seem brighter than ever. The application, known for its encrypted messaging services, has started reaping significant financial gains through its strategic implementation of ads and subscription models.

Telegram’s Path to Profitability

Durov’s insights were shared during an interview with the Financial Times, highlighting several key steps in Telegram’s financial development:

  1. Revenue Streams: Telegram has begun generating “hundreds of millions of dollars” through:
    • Ads
    • Subscription models
  2. Investor Interest: The company has attracted global investors, with offers valuing Telegram at over $30 billion.
  3. IPO Aspirations: Durov is considering an Initial Public Offering in the future to democratize access to Telegram’s value, ensuring sustainability and independence.
  4. Motivation for Monetization:
    • The primary aim is to maintain Telegram’s autonomy.
    • The company remains open to strategic investments for smaller equity stakes, indicating a balanced approach to growth.
  5. Premium Subscription Launch:
  6. Advertising Ventures:
    • Offers tailored ad solutions for one-to-many channels.
    • An upcoming ad revenue sharing model with channel owners is in the pipeline.
    • Current ad solutions are geographically limited, with plans for global expansion within the year.

Moreover, Telegram recently launched a feature allowing personal users to convert their accounts into business accounts through a subscription model. This move not only diversifies Telegram’s offerings but also caters to the growing demand for business-centric communication tools.

Expanding Its Services: Blockchain Projects

In its quest for innovation, Telegram has not shied away from exploring blockchain technology. Through the TON foundation, Telegram has embarked on projects like:

  • Auctioning Premium Usernames: This initiative allows users to secure distinctive usernames on Telegram, leveraging the TON Blockchain. It represents a novel use of blockchain technology to enhance user identity and branding on the platform.
  • Introducing a Self-Custodial Crypto Wallet: Aimed at expanding the app’s functionality into the realm of digital currencies, this wallet enables users to securely store and manage their cryptocurrencies. However, it’s important to note:
    • The wallet is available globally, with the notable exception of the U.S., due to regulatory constraints.

These blockchain initiatives underscore Telegram’s commitment to leveraging cutting-edge technology to enhance user experience and platform utility.

Looking to the future, Durov is keen on integrating Artificial Intelligence (AI) into Telegram’s ecosystem. Plans include the launch of AI-powered chatbots aimed at improving customer service for business users and investing in AI to tackle the moderation challenges that often plague online platforms. These initiatives reflect Telegram’s broader strategy to remain at the forefront of technological advancements, ensuring that the platform continues to meet the evolving needs of its users.

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Featured Image courtesy of SOPA Images

Huey Yee Ong

Hello, from one tech geek to another. Not your beloved TechCrunch writer, but a writer with an avid interest in the fast-paced tech scenes and all the latest tech mojo. I bring with me a unique take towards tech with a honed applied psychology perspective to make tech news digestible. In other words, I deliver tech news that is easy to read.