Telegram's CEO says the company is now profitable.Jaap Arriens/NurPhoto via Getty Images; AOP.Press/Corbis via Getty ImagesTelegram is profitable after 11 years, thanks to ads and premium subscriptions, its CEO said.The platform's revenue exceeded $1 billion, with $500 million in cash reserves.Telegram faces global scrutiny over misinformation and its lack of content moderation.Encrypted messaging service Telegram is finally profitable about 11 years after it was founded, CEO Pavel Durov said Monday.Durov wrote in a post on his Telegram channel that the messaging platform turned profitable this year because of revenue from ads and its premium subscription.