OnlyFans paid a record $701 million in dividends to the owner before a possible sale

The OnlyFans platform paid a record $701 million in dividends to owner Leonid Radvinsky the day before a possible multibillion-dollar deal to sell the company. About writes Financial Times.

OnlyFans, which has seen a sharp rise in popularity during the COVID-19 pandemic, allows creators of intimate content to charge subscribers for views or subscriptions. The platform takes 20% of the authors' earnings.

According to Fenix International, the company that owns OnlyFans, in 2024, the platform's revenue grew to $1.4 billion and pre-tax profit to $684 million.

The total amount of payments to content creators for the year reached $5.8 billion, which is $500 million more than in 2023. The number of content creator accounts increased by 13% to 4.6 million, while the number of fans reached 377.5 million worldwide.

In addition, in 2024, OnlyFans users paid the platform $7.2 billion for access to content. For comparison, in 2023, this amount was $6.6 billion.

Radvynsky is currently negotiating the sale of a controlling stake in the company to a consortium of investors led by the US-based The Forest Road Company. The deal could be worth up to $7 billion.

• September 11, 2024 Hetmantsev said that the sphere of creating paid content on the Internet platform OnlyFans by Ukrainian citizens is growing rapidly. The number of accounts increases by an average of three times every year.
• On October 12, it became known that the OnlyFans paid out more than $20 billion to its content creators in 2016. At that time, the platform had more than 4 million authors.
• Ukrainian models earned $123 million on OnlyFans in three years.