PANews reported on May 23 that according to the Financial Times, despite the fact that founder Pavel Durov is under formal French investigation for allegedly failing to deal with criminal content on the platform, Telegram still achieved a profit of $540 million in 2024, with revenue of $1.4 billion, an annual growth of more than 3 times. The company is seeking to issue $1.5 billion in bonds to repurchase old bonds and pave the way for a possible IPO in the future. About half of the revenue comes from "ecological cooperation", including mini-applications and Toncoin payments based on the TON blockchain; advertising and subscription revenues are $250 million and $292 million respectively. Telegram said it aims to achieve $2 billion in revenue and $720 million in profit in 2025. At the same time, Durov accused the French investigation of being a "geopolitical" operation. Telegram also cooperated with Elon Musk's AI company xAI to integrate its Grok chatbot into the platform.