OnlyFans paid owner Leonid Radvinsky $701 million in dividends last year, a sign of strong financial performance as the platform prepares for a potential multibillion-dollar sale.
In fiscal 2024 the company disbursed $497 million in dividends to its parent company and $204 million directly to Radvinsky. Revenue reached $1.4 billion, up 9% year over year, while pre-tax profit rose 4% to $683.6 million. Subscriber payments on the platform totaled $7.2 billion, up from $6.6 billion the previous year.
User growth contributed to the gains: creator accounts increased 13% to 4.6 million, and fan accounts rose 24% to 377.5 million. The platform has also diversified beyond adult content into other entertainment verticals, boosting earnings per creator and broadening its audience.
Founded in 2016 and acquired by Radvinsky in 2018, OnlyFans operates from its London headquarters with a reported 46 employees. Radvinsky has deep ties to the adult entertainment industry and a background in economics and venture investments.
The company is reportedly being positioned for an approximately $8 billion sale led by Forest Road Company, underscoring OnlyFans’s growing value in the digital subscription economy.
Start now
https://client.only-fans.ai/
Leave a Reply