[Telegram's Revenue Reaches $870 Million in the First Half of 2025, Annual Target Set at $2 Billion] The crypto-friendly messaging app Telegram achieved $870 million in revenue in the first half of 2025, a 65% year-over-year increase compared to $525 million during the same period last year. Approximately $300 million of this revenue came from 'exclusive partnership agreements' related to the Telegram ecosystem's crypto asset Toncoin (TON). The annual revenue target is set at $2 billion. Despite an operating profit of nearly $400 million in the first half, Telegram reported a net loss of over $220 million, primarily due to the impairment of its Toncoin holdings. Data shows that the price of TON dropped by approximately 69% in 2025. Telegram has sold over $450 million worth of TON, accounting for about 10% of TON's current market value. Additionally, around $500 million worth of Telegram bonds have been frozen in Russia's central securities depository due to Western sanctions. Telegram CEO Pavel Durov is currently under investigation in France, with related legal uncertainties considered a key obstacle to the company's IPO process.