2026-01-06 14:25:40

According to reports from multiple financial media outlets on January 6, the crypto-friendly communication platform Telegram, which is preparing for an IPO, has delivered a performance report showing impressive growth but significant losses.

Financial data shows that Telegram's revenue in the first half of 2025 reached $870 million, compared to $525 million in the same period last year, a year-over-year increase of 65%. The platform's full-year revenue target is set at $2 billion. Notably, about $300 million of this comes from exclusive cooperation agreements related to the platform's ecosystem digital assets.

However, behind these impressive revenue figures lies another story. Despite nearly $400 million in operating profit in the first half of the year, Telegram recorded a net loss of over $220 million. The main culprit is the substantial depreciation of its held ecosystem assets—major digital assets associated with the platform declined in value by approximately 69% in 2025. To stem the bleeding, Telegram has sold over $450 million worth of related assets, accounting for about 10% of its current market value.

Geopolitical risks cannot be ignored either. About $500 million in bonds have been frozen in Russian-related institutions due to Western sanctions, further highlighting the company's exposure pressure in the region. According to disclosures, the platform has issued bonds intensively in recent years, including a $1.7 billion convertible bond in May 2025.

For users concerned with the platform's ecosystem and digital asset trends, this financial report reflects both the success of the communication platform's commercialization and the risks of over-reliance on a single asset.

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ProxyCollector

· 11h ago

Behind the impressive revenue numbers, it's all bloodshed; a 69% decline directly wiped out the profits. --- It's another case of coin depreciation; this lesson is quite harsh, isn't it? --- Freezing 500 million in bonds? The geopolitical risks here are really unavoidable. --- Telegram is still trying to stop the bleeding. I'm just watching—who can bet on the future direction? --- With so many ecosystem assets collapsing, how can they still confidently claim a 65% growth? That's a lot of water. --- Relying on a single asset should have been learned and diversified long ago. It's a bit late to catch up now.

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TooScaredToSell

· 01-07 23:37

Revenue looks good, but a 69% drop directly wiped out the profits... This is the cost of all-in ecosystem assets.

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GateUser-e19e9c10

· 01-07 06:02

Revenue doubled impressively, but a loss of 220 million... This is outrageous, with related assets plummeting 69% leading to a direct crash.

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RuntimeError

· 01-06 14:55

Revenue up 65% but loss of 220 million? That's just the daily routine in the crypto world—impressive numbers but a mess on the books.

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CryptoSurvivor

· 01-06 14:55

Revenues grew by 65%, sounds great, but a 220 million loss directly ruins everything... A 69% drop in assets is truly shocking, this is the price of going all-in on ecosystem tokens --- What’s the use of pretty numbers on paper? The key is to secure the gains, freezing 500 million in Russia is also a bold move --- 1.7 billion convertible bonds, 450 million in asset sales, basically betting on a rebound later, otherwise they would have sold earlier --- Now I understand what "beautiful revenue, fierce losses" means. I just wonder if they will still go public after this financial report --- A 69% drop haha, I don’t understand it but I’m deeply shocked. How do you play with ecosystem tokens, everyone? --- Crypto-friendly ≠ risk-resistant. Geopolitical issues cost 500 million, TG is also starting to taste the pain of deep token binding --- Thinking back to how crazy TG ecosystem tokens were a couple of years ago, now falling like this, it’s really deserved. Going all-in on a single asset has this kind of outcome --- 8.7 billion in revenue sounds okay, but a 220 million loss... This financial circus really leaves people speechless --- Freezing 500 million in bonds, this move shows me what "invisible risks" are. Going public probably requires a long explanation

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All-InQueen

· 01-06 14:53

Revenue looks good, but a 69% drop in held assets directly results in a loss of 220 million, which is the most heartbreaking... TG is still too dependent on ecosystem tokens.

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FantasyGuardian

· 01-06 14:53

Such financial report figures are truly surreal. A 65% increase in revenue sounds great, but the net loss of 220 million? That's hilarious. The 69% drop in assets is the real story.

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AirdropGrandpa

· 01-06 14:37

A 65% revenue growth sounds great, but it resulted in a loss of 220 million... This is a typical case of hype without profit. The ecosystem assets dropped by 69%, and selling assets to stop the bleeding was truly a last resort.

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