The owner of only fans paid $ 701 million in dividends as a platform preparing for potential sale | Technological sector
The owner of Onlyfans was paid $ 701 million (523 million pounds sterling) in dividends last year as a better known streaming platform to offer adult content for a potential sale of several billion dollars.
The British company, which offers a range of subscription content with sex and celebrity workers, said a turnover of $ 1.4 billion during its fiscal 2024, up 9% compared to the previous year, the accounts filed in Companies House were displayed. The before tax profit increased by 4% to $ 683.6 million.
More people than ever use the platform, with the total number of creators’ accounts – which have divided their product 80:20 with the company – up 13% to 4.6 m. The total number of fan accounts increased by 24% to 377.5 million.
Overall, only fans took $ 7.2 billion from its subscribers in 2024, compared to $ 6.6 billion the previous year.
The company said that “significant growth and profitability” had been motivated by an increase in platform users and higher income for existing creators.
He provides great payment for his owner, Leonid Radvinsky, the Ukrainian-American entrepreneur behind the site, adding more than $ 1 billion in dividends he had already received from the company when he benefits from the connection of porn stars more directly with their audience.
The accounts only fans show that he paid $ 497 million in dividends to its owner, Fenix International, which belongs to Radvinsky, in 2024, against $ 472 million during its financial year 2023. The company paid an additional $ 204 million to its owner in five tranches between December and April.
The director general of the platform, Keily Blair, a former privacy lawyer who joined the company three years ago, said that only fans had “widened in new vertical sectors, demonstrating the strength and potential of the platform on a wide range of genres” during the year.
It comes after Fenix had talks to sell the company for $ 8 billion to an investor consortium led by the Forest Road Company, an American investment company.
The platform was founded in 2016 by the British entrepreneur Tim Stokely, then 33 years old. It was sold in Radvinsky, a former owner of adult websites, for a sum not disclosed in 2018.
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Although its largest market is in the United States, only fans remains its headquarters in London. The company has millions of creators on its platform, but employs 46 people directly.
Radvinsky has a low public profile, although his personal website declares that he holds a diploma in economics from the Northwestern University in the United States and lives in Florida. He describes himself as a venture capital investor. Before acquiring only, he had a webcam company for adults.
Only fans also noted in his accounts that he continued to invest in his confidence and security measures, in the midst of the stricter online security rules in the United Kingdom. Although the platform offers a variety of different genres of content outside pornography, including sports and lifestyle, it has a strict limit of 18 and over.
