Toncoin TON Drives Telegram’s 65% Revenue Surge to $870M Amid Bond Freeze
Telegram's revenue jumped 65% year-over-year to $870 million in the first half of 2025, fueled significantly by its expanding crypto integration. Approximately one-third of this total—$300 million—stemmed from Toncoin-linked exclusivity deals, competing with traditional revenue streams like advertising.
Despite the revenue growth, Telegram reported a $222 million net loss due to a 69% drop in Toncoin's value. The messaging platform still generated $400 million in operating profit, highlighting the strength of its Core business.
The Financial Times report emphasizes Telegram's accelerating shift toward crypto as geopolitical and legal pressures mount. Toncoin now serves as both a growth driver and a source of volatility for the company's financial ecosystem.