The owner of OnlyFans was paid $701m (£523m) in dividends last year as the streaming platform best known for offering adult content readies for a potential multibillion-dollar sale.
The UK-based company, which offers a range of subscription-based content from sex workers and celebrities, reported revenue of $1.4bn in its 2024 financial year, up 9% compared with the year prior, accounts filed at Companies House on Friday show. Pre-tax profit rose 4% to $683.6m.
More people than ever are using the platform, with the total number of creator accounts – which split their proceeds 80:20 with the business – up by 13% to 4.6m. The total number of fan accounts grew by 24% to 377.5m.
Overall, OnlyFans took in $7.2bn from its subscribers in 2024, up from $6.6bn the previous year.
The company said “significant growth and profitability” had been driven by an increase in platform users and higher earnings for existing creators.
It brings a major payout for its owner, Leonid Radvinsky, the Ukrainian-American entrepreneur behind the site, adding to the more than $1bn in dividends he had already received from the business as he profits from connecting porn stars more directly with their audiences.
OnlyFans accounts show it paid $497m in dividends to its owner, 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.
The platform’s chief executive, Keily Blair, a former privacy lawyer who joined the business three years ago, said OnlyFans had “expanded in new verticals, demonstrating the strength and potential of the platform across a wide range of genres” in the year.
It comes after reports that Fenix held talks to sell the business for $8bn to a consortium of investors led by the Forest Road Company, a US investment firm.
The platform was founded in 2016 by the British entrepreneur Tim Stokely, then 33 years old. It was then sold to Radvinsky, a previous owner of adult websites, for an undisclosed sum in 2018.
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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.
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.
OnlyFans also noted in its accounts that it continued to invest in its trust and safety measures, amid tighter online safety rules in the UK. While the platform offers a variety of different content genres outside pornography, including sports and lifestyle, it has a strict 18+ age limit.