OnlyFans Owner Receives $338-M Payout

The owner of OnlyFans, the online platform used by sex workers, musicians, celebrities, and more, has been paid $338 million (£268.5 million) in dividends, Peter Hoskins reported for BBC News.

The London-registered firm said pre-tax profits for the period reached $525 million, up from $432 million the previous year. I Photo: Shia SwordGirl @shiashania I OnlyFans X

Its parent company, Fenix International, says annual profits jumped to more than $500 million.

The platform says it now hosts more than three million creators, serving almost 240 million users, or "fans." UK-based Fenix's sole shareholder, Leonid Radvinsky, has a personal fortune estimated at more than $2 billion.

In accounts filed at the UK corporate registry Companies House, the firm said more than $5.5 billion was spent on the OnlyFans platform in the year to the end of November 2022. That was up from $4.8 billion in 2021.

The London-registered firm said pre-tax profits for the period reached $525 million, up from $432 million the previous year.

The number of creators on OnlyFans jumped by 47% to almost 3.2 million, while the number of users rose by 27% to close to $239 million.

The company also said that for the first time more than half of its revenues were from non-subscription services such as tips and on-demand content by creators. The firm said it takes a fifth of the payments made on the site, with around 80% going to creators.

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