Financial Times: Crypto-related businesses account for about 40% of Telegram's total revenue, selling $244 million worth of TON this year

According to the Financial Times, Telegram's $400 million worth of digital assets held by the end of 2023, a large part of its revenue comes from digital asset activities, particularly integrated wallets and collectibles sales, which together amount to nearly $148 million, accounting for about 40% of the company's total revenue.
Additionally, Telegram did sell some Toncoin (TON) this year for over $244 million in cash.