Leonid Radvinsky, owner of the content subscription platform OnlyFans, received a $701 million dividend, marking a significant payout as the company prepares for a potential multibillion-dollar sale.
The payment builds on roughly $1 billion in previous dividends, bringing Radvinsky’s total receipts from the business to about $1.7 billion and underscoring the platform’s strong cash generation under his ownership.
OnlyFans, registered in the United Kingdom, reported $1.4 billion in revenue for fiscal year 2024, a 9% increase from the prior year. The company said creator accounts rose 13% to 4.6 million, while fan accounts grew 24% to 377.5 million.
The company’s revenue growth has been driven by subscription fees, tips and pay-per-view sales as it expands its user base and monetization options. OnlyFans has also broadened its content focus beyond adult material into fitness, music and other areas to attract a wider range of creators and audiences.
Market interest in a sale has heightened as OnlyFans demonstrates sustained revenue and user growth, with experts estimating a multibillion-dollar valuation. Radvinsky’s large dividend highlights his dominant stake and the company’s financial position as it navigates potential transactions and continued competition in the digital content market.
The recent financial results and user metrics position OnlyFans as a prominent player in the content subscription space, reinforcing its appeal to creators seeking direct monetization and to buyers assessing its market value.
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