On November 26th, financial documents showed that Telegram's revenue reached $525 million in the first half of this year, an increase of 190% compared to the same period in 2023. Of this, $225 million came from one-time Toncoin advertising transactions. Telegram's digital asset value increased significantly in the first half of 2024, from nearly $400 million at the end of last year to $1.30 billion. According to the documents, nearly half of the revenue ($225 million) came from a one-time transaction with an unnamed institution. Under the terms of the deal, Telegram "received compensation" in exchange for allowing the cryptocurrency Toncoin to be the only payment method for small businesses to buy ads on the app. The exclusive agreement was terminated on Oct. 1, the filing noted. Telegram made an after-tax profit of $335 million in the first half of the year. Compared with a full-year revenue of $342 million and a loss of $173 million in 2023, these figures show that Telegram was on track for its first annual profit before Durov's detention.