Telegram is set to be profitable in 2024, a first, with $1B+ in revenue, up from nearly $350M in 2023, and ending 2024 with ~$500M in cash

• Telegram achieves profitability despite facing legal issues and significant debt.
• Generated revenue through cryptocurrencies, ads, and subscriptions, with revenue expected to surpass $1 billion.
• Founder Pavel Durov's arrest and ongoing legal troubles add uncertainty to the company's future.

Source: New York Times