Telegram Nears Profitability With 900 Million Users, Paving Way for Potential IPO

According to BlockBeats, Telegram has reached 900 million users and is nearing profitability, potentially paving the way for a large-scale stock market listing. In an interview with the Financial Times, Telegram founder Pavel Durov revealed that the Dubai-based social media app has become one of the most popular social media platforms globally, with revenues reaching 'hundreds of millions of dollars' since introducing advertising and premium subscription services two years ago. Durov stated, 'We hope to achieve profitability this year or next.' This is his first public interview since 2017. Durov also mentioned that while he has received valuations of over $30 billion from potential investors, including the 'Global Late-Stage Technology Fund,' he has ruled out selling the platform while exploring a future initial public offering (IPO). Durov emphasized that the main reason for launching a profitable model is to maintain independence and believes that an IPO, as a means, can achieve democratized access to Telegram's value.