OnlyFans paid $701 million in dividends to owner Leonid Radvinsky last year, bringing his total receipts to more than $1 billion since acquiring the company. The platform is considering a potential multibillion-dollar sale as it expands beyond its origins in adult content.
Financial filings show OnlyFans distributed $497 million to its parent company, Fenix International, in 2024, up from $472 million the previous year, and paid an additional $204 million to Radvinsky in multiple installments. The company reported $1.4 billion in revenue for 2024, a 9% increase year over year, and pre-tax profits of $683.6 million, up 4%.
User growth supported the financial gains: creator accounts rose 13% to 4.6 million, while fan accounts increased 24% to 377.5 million. Creators receive an 80% share of proceeds. Total incoming subscriber revenue grew to $7.2 billion from $6.6 billion.
CEO Keily Blair highlighted strategic diversification into sports, lifestyle and other non-adult genres, a shift intended to broaden the platform’s audience and market opportunities.
Founded in 2016 and acquired by Radvinsky in 2018, OnlyFans is headquartered in London and operates globally with a team of 46 employees.
The company says it maintains strict age restrictions and complies with UK online safety laws as part of its trust and safety measures.
OnlyFans’ transition from a niche adult site to a broader subscription platform has expanded its monetization model and content verticals, creating new revenue opportunities for creators and drawing investor interest as the company explores further expansion and a possible sale.
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