Telegram Profits Amid CEO's Legal Challenges

Telegram has reported its first-ever profit in 2024, with annual revenues surpassing $1 billion, nearly tripling its 2023 revenue of $342 million. This financial success is attributed to increased advertising and the expansion of its premium subscription service, which has attracted 12 million users. Despite these achievements, Telegram faces significant global scrutiny over content moderation, with CEO Pavel Durov arrested in France on charges related to criminal activities on the platform. The company has enhanced its content moderation efforts by expanding its team and implementing AI tools, although challenges remain. Telegram has also made substantial progress in addressing its $2 billion debt, repaying a significant portion this year. The platform's financial growth comes amid ongoing discussions about a potential initial public offering (IPO).