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Telegram Reports $870 Million Revenue Despite TON Token Plunge

Messaging platform Telegram saw strong revenue growth in H1 2025 but faced a net loss due to a sharp decline in TON token value.

TON

Summary

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Terms & Concepts
  • TON token: A cryptocurrency linked to The Open Network blockchain, originally initiated by Telegram, used for transactions and smart contracts.
  • Impairment: An accounting adjustment that reduces the value of an asset when its market value falls significantly below its recorded cost.