Telegram's financial performance for the first half of 2025 reveals a 65% increase in revenue to $870 million, driven by a surge in premium subscriptions and an exclusive agreement with the TON blockchain. Despite this growth, the company reported a net loss of $222 million, attributed to the declining value of TON tokens, which fell over 73% at their lowest point. The sale of over $450 million in TON tokens has sparked controversy, with concerns about Telegram's commitment to the TON ecosystem. However, Telegram maintains that these sales are part of a long-term strategy, with tokens subject to a four-year vesting schedule to prevent immediate market impact. The company continues to explore an IPO, bolstered by recent bond issuances totaling $1.7 billion, though challenges remain due to regulatory and legal factors.
Telegram Reports 65% Revenue Increase Amid $222M Net Loss Due to TON Price Drop
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