OnlyFans, the adult content subscription site that has become a global phenomenon, has made its owner an extraordinary amount of money over the past year.
Ukrainian-American entrepreneur Leonid Radvinsky’s company, Fenix International, received a whopping £522 million in dividends since early 2024, according to Companies House accounts.
This includes £370 million paid out over 2024 and a further £152 million between December and April, highlighting the massive financial rewards generated by the platform’s surging popularity.
Revenues and Profits on the Rise
The UK-based business is now eyeing a potential multi-billion-pound sale later this year, riding the wave of its impressive growth.
Last year, OnlyFans’ revenues increased by 9 per cent to £1.05 billion. Of the £5.4 billion taken in from subscribers, £4.3 billion went directly to content creators.
The number of creators on the platform also grew by 13 per cent, reaching 4.6 million, while paying fan accounts jumped 24 per cent to 377.5 million.
Pre-tax profits rose 4 per cent to £509.5 million, underscoring the company’s financial strength.
CEO Highlights Platform’s Role in the Creator Economy
OnlyFans’ chief executive, Keily Blair, emphasized the platform’s continued expansion.
She said the company has grown its revenue and global user base while solidifying its reputation as “a foundational element of the wider creator economy.”
Although OnlyFans is UK-based and pays tax in the country, most of its revenue comes from the United States, reflecting its global reach and appeal.
Looking Ahead
With a potential sale on the horizon and continued growth in both creators and subscribers, OnlyFans remains a powerhouse in the subscription economy.
Investors and creators alike are watching closely as the platform charts the next stage of its journey, cementing its place in the evolving digital content landscape.
