As of early 2026, Telegram's valuation is estimated
between $30 billion and $40 billion, while its annual revenue for 2025 is on track to reach approximately $2 billion.
Maverick Trading
Valuation
Current Range: Investors and analysts estimate the company's value at $30 billion to $40 billion based on private funding rounds and potential IPO interest.
IPO Potential: Founder Pavel Durov has stated that global technology funds have offered valuations exceeding $30 billion, though the company has prioritized a future initial public offering (IPO) over a direct sale.
Investor Base: Recent capital has come from major international institutions, including a $1.7 billion convertible bond round in May 2025 involving BlackRock and Abu Dhabi’s Mubadala.
Revenue Performance (2024–2025)
2025 Target: Telegram has set an annual revenue target of $2 billion for the full year 2025.
H1 2025 Results: Unaudited reports for the first half of 2025 showed $870 million in revenue, a 65% increase over the same period in 2024.
2024 Totals: The platform generated roughly $1 billion to $1.4 billion in total revenue during 2024.
Resourcera +3
Key Revenue Streams
Ecosystem & TON: Approximately one-third of revenue (~$300 million in H1 2025) stems from "exclusivity deals" and partnerships related to the TON blockchain.
Premium Subscriptions: Accounted for $223 million in H1 2025, driven by approximately 15 million active premium subscribers as of 2026.
Advertising: Contributed roughly $125 million in the first half of 2025.
Resourcera +2
Profitability and Losses
Net Loss: Despite strong revenue growth, Telegram reported a net loss of over $220 million in H1 2025.
TON Impact: These losses were primarily attributed to the write-down of Toncoin (TON) holdings, which saw a significant price decline during the year.
Operational Lean-ness: The platform serves over 1 billion users with an extremely lean team of fewer than 30-100 employees, emphasizing high automation.
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