Telegram's revenue in the first half of the year grew by 65% to $870 million, but it fell into losses due to the depreciation of Toncoin

According to Cointelegraph, Telegram's revenue in the first half of 2025 reached $870 million, a 65% increase year-on-year, with approximately $300 million coming from "exclusive agreements" related to Toncoin. However, due to Toncoin's value plummeting by 69% this year, the company was forced to write down the value of its cryptocurrency holdings, resulting in a net loss of over $220 million. Additionally, Telegram's $500 million bonds in Russia have been frozen due to Western sanctions. Despite the challenges, Telegram still plans to achieve its annual revenue target of $2 billion and is considering an IPO after progress in CEO Durov's investigation in France. The company has sold approximately $450 million of Toncoin, accounting for about 10% of its market value.