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Telegram Premium Tops 1 Million Subscribers

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Telegram Premium now has more than 1,000,000 subscribers, just six months after it launched its paid offering. The company also began strenuous efforts to monetize the business.

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Pavel Durov, Telegram's founder and chief executive, shared the update via his channel Tuesday.

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He called the milestone "one the most successful examples of social media subscription plans ever launched."

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However, the subscription still "represents only a fraction" of Telegram's total revenue, he said in the same update. 

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He expressed optimism that Premium would one day make as much as ads.

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Premium was launched in June and offered customers additional features like sending large files up to 4GB and faster downloads.

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A monthly subscription costs $6 $5 in America and the U.K. and $2.2 in emerging markets like India.

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