Messaging App Telegram Is Profitable, Says Founder Durov

• Telegram is profitable after 11 years, thanks to ads and premium subscriptions, its CEO said.
• The platform’s revenue exceeded $1 billion, with $500 million in cash reserves.
• Telegram faces global scrutiny over misinformation and its lack of content moderation.

Encrypted messaging service Telegram is finally profitable about 11 years after it was founded, CEO Pavel Durov said Monday.