Telegram’s 2023 Financial Report Reveals $342.5M Revenue from Cryptocurrency Transactions, Toncoin Dominates Market

Telegram's 2023 financials have been published, showing that more than 40 per cent of Telegram's $342.5 million in revenue came from cryptocurrency transactions, with digital assets such as Toncoin playing a significant role.

Additional key metrics include:

•  Revenue in 2023 is $342.5 million.
•  Operating loss of $108 million.
•  $958.2 million in total assets.
•  Nearly $400M in digital assets.
•  $2.3bn raised via bond conversion.
•  Telegram bonds worth $64m were purchased by Durov in 2023