Telegram, the messaging platform, reported its first annual profit of $540 million for 2024, reversing a $173 million loss from the previous year, according to the Financial Times. The company's revenue quadrupled to $1.4 billion, driven by increased paying users, advertising, premium subscriptions, and growth in the Ton blockchain. Telegram now boasts over 1 billion monthly users. The company is set to raise at least $1.5 billion through a bond offering on Wednesday, with support from both new and existing backers. Major investors such as BlackRock, Mubadala, and Citadel are expected to participate in the bond issue, which will offer five-year bonds at a 9% interest rate, as reported by the Wall Street Journal. The proceeds from the bond sale are intended to repay debt from 2021. Additionally, the bonds can be converted to equity at a discount if Telegram goes public. This financial move comes despite legal challenges faced by Telegram's CEO, Pavel Durov, in France.