OnlyFans reported strong financial results for 2024, with owner Leonid Radvinsky receiving $701 million (£523 million) in dividends last year and more than $1 billion in total payouts since acquiring the company.
Company filings show OnlyFans paid $497 million in dividends to its parent company Fenix International and $204 million to Radvinsky through multiple installments. Revenue for 2024 reached $1.4 billion, up 9% year-on-year, while pre-tax profits rose 4% to $683.6 million.
User engagement continued to grow, with creator accounts increasing 13% to 4.6 million and fan subscriptions rising 24% to 377.5 million. Subscriber payments totaled $7.2 billion in 2024, up from $6.6 billion the previous year. Creators receive an 80:20 revenue split on the platform.
OnlyFans attributed its growth and profitability to a larger user base and higher creator earnings. CEO Keily Blair said strategic expansion into content verticals beyond adult entertainment, including sports and lifestyle, has broadened the platform’s appeal.
Founded in 2016 by Tim Stokely and acquired by Radvinsky in 2018, OnlyFans remains headquartered in London with 46 employees. The company said it continues to invest in trust and safety measures, complies with UK online safety regulations and enforces a minimum age of 18 for users.
The combination of rapid growth, substantial dividend payments and reported talks about a potential sale valued at around $8 billion underscores OnlyFans’ market position and rising valuation, reflecting shifts in how digital platforms monetize creator-driven content.
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