The owner of OnlyFans was paid $701m (\u00a3523m) in dividends last year as the subscription service best known for offering adult content positions itself for a potential multibillion-dollar sale.<\/p>\n
The payment to Leonid Radvinsky, the Ukrainian-American entrepreneur behind the streaming platform, adds to the more than $1bn in dividends<\/a> he has already received from the business as he profits from connecting porn stars and celebrities more directly with their audiences.<\/p>\n OnlyFans accounts show it paid $497m in dividends to its parent, Fenix International, which is owned by Radvinsky, in 2024, up from $472m in its 2023 financial year. The business paid a further $204m to its owner in five tranches over the course of December to April.<\/p>\n The UK-based company reported revenue of $1.4bn in its 2024 financial year, up 9% compared with the year before, the accounts filed at Companies House on Friday show. Pre-tax profit rose 4% to $683.6m.<\/p>\n It comes after reports in May that Fenix had held talks to sell the business for $8bn<\/a> to a consortium of investors led by the Forest Road Company, a US investment firm.<\/p>\n More people than ever are using the platform, with the total number of creator accounts \u2013 which split their proceeds 80:20 with the business \u2013 up by 13% to 4.6m. The total number of fan accounts grew by 24% to 377.5m.<\/p>\n Overall, OnlyFans took in $7.2bn from its subscribers in 2024, up from $6.6bn the previous year.<\/p>\n The company said \u201csignificant growth and profitability\u201d had been driven by an increase in platform users and higher earnings for existing creators.<\/p>\n The platform\u2019s chief executive, Keily Blair, a former privacy lawyer who joined the business three years ago, said OnlyFans had \u201cexpanded in new verticals, demonstrating the strength and potential of the platform across a wide range of genres\u201d in the year.<\/p>\n The platform was founded in 2016 by the British entrepreneur Tim Stokely, then 33 years old. It was sold to Radvinsky, a previous owner of adult websites, for an undisclosed sum in 2018.<\/p>\n skip past newsletter promotion<\/a><\/p>\n Sign up to Business Today<\/p>\n Get set for the working day \u2013 we’ll point you to all the business news and analysis you need every morning<\/p>\n Privacy Notice: <\/strong>Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy<\/a>. We use Google reCaptcha to protect our website and the Google Privacy Policy<\/a> and Terms of Service<\/a> apply.<\/p>\n after newsletter promotion<\/p>\n While its largest market is in the US, OnlyFans remains headquartered in London. The business has millions of creators on its platform, but employs just 46 people directly.<\/p>\n Radvinsky has a low public profile, although his personal website states that he holds a degree in economics from Northwestern University in the US and lives in Florida. He describes himself as a venture capital investor. Before acquiring OnlyFans he owned an adult webcam business.<\/p>\n