The owner of OnlyFans, the streaming giant famed for adult content, walked away with a staggering Sh92 billion (£522 million) in dividends last year as the platform’s user base soared to record levels.
According to Independent, freshly filed Companies House accounts reveal that revenues climbed 9% to $1.41 billion (£1.05 billion) in 2024, while pre-tax profits rose 4% to $683.6 million (£509.5 million).
The boost in financial performance cements the London-headquartered firm’s position as a major player in the global creator economy, just as it eyes a potential multibillion-pound sale later this year.
Over the course of the year, the site collected $7.2 billion (£5.4 billion) in payments from subscribers, passing $5.8 billion (£4.3 billion) of this back to creators. The number of content creators on the platform rose 13% to 4.6 million, with fans paying for access jumping 24% to 377.5 million worldwide.
Behind the platform’s success is Ukrainian-American entrepreneur Leonid Radvinsky, who owns OnlyFans’ parent company, Fenix International.
Accounts show that Radvinsky received $497 million (£370 million) in dividends over the course of 2024, followed by a further $204 million (£152 million) between December and April this year, taking his total windfall to over half a billion pounds.
The company, which pays its taxes in the UK but generates the bulk of its income in the United States, said it had made significant strides beyond adult entertainment. “We expanded in new verticals, demonstrating the strength and potential of the platform across a wide range of genres,” the firm said.
Executives also highlighted major partnerships with brands and high-profile individuals, particularly in sport, as part of efforts to reposition OnlyFans as a key player in the wider creator economy.
With demand showing no sign of slowing, and investor interest mounting, OnlyFans now stands on the cusp of what could be one of the most lucrative sales in Britain’s tech sector this year.
