OnlyFans paid owner Leonid Radvinsky $701 million in dividends in 2024, bringing his total dividends from the company to more than $1 billion.
During the 2024 financial year, OnlyFans distributed $497 million in dividends to Fenix International, Radvinsky’s parent company, and made a further $204 million in direct payments to Radvinsky through five transfers between December and April.
Headquartered in the UK and primarily serving the US market, OnlyFans reported $1.4 billion in revenue for 2024, up 9% year-on-year, and a pre-tax profit of $683.6 million, up 4%.
The platform said creator accounts rose 13% to 4.6 million and fan accounts increased 24% to 377.5 million. Overall subscriber revenue reached $7.2 billion.
CEO Keily Blair attributed the performance to strategic expansion into new content verticals, which the company says broadened its appeal across different genres.
Founded in 2016 by Tim Stokely and acquired by Radvinsky in 2018, OnlyFans allows creators to keep 80% of their earnings while taking a 20% commission. The company operates with a staff of 46 employees.
OnlyFans is in discussions with investor consortium Forest Road Company about a potential multibillion-dollar sale, reflecting continued market interest following strong financial results and user growth.
Start now
https://client.only-fans.ai/
Leave a Reply