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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.
The digital economy continues to surprise the world with stories of resilience, reinvention, and profitability. One of the latest examples comes from OnlyFans, the subscription-based content platform, whose parent company has just paid out a staggering $701 million in dividends to its owner. This announcement comes at a time when the company is reportedly preparing for a potential sale — a move that could reshape its future and further cement its role in the technology sector.
The dividend payout is not just a number; it’s a testament to the platform’s sustained growth and profitability. For years, OnlyFans has often been discussed in narrow contexts, but what sometimes gets overlooked is its strength as a digital business model. By empowering creators to directly monetize their content, the platform has tapped into one of the fastest-growing segments of the internet economy: the creator economy. Paying out such a significant dividend suggests not only healthy revenue streams but also strong confidence from leadership in its long-term prospects.
From a positive perspective, this news highlights how platforms like OnlyFans are reshaping digital entrepreneurship. While many companies in the tech sector are still navigating profitability challenges, OnlyFans has managed to scale successfully while remaining consistently profitable. The $701 million dividend serves as proof that direct-to-consumer subscription models, when executed effectively, can generate substantial wealth and create opportunities for stakeholders at all levels.
As the platform readies itself for a potential sale, it enters the conversation alongside other tech giants that have made waves in recent years through acquisitions and expansions. A sale could open doors to new markets, introduce more sophisticated technology integrations, and provide additional resources to enhance the experience for both creators and users. For potential buyers, acquiring a platform with such a robust cash flow and proven global reach is an attractive prospect.
The positive sentiment surrounding this development is not limited to financial circles. For content creators, the platform’s strength means stability and continued opportunities for growth. Creators benefit from a thriving ecosystem that supports independence, direct audience connection, and scalable income. The stronger the company’s financial footing, the more it can reinvest in platform improvements, content moderation, and user experience enhancements.
In the broader context of the technology sector, OnlyFans represents a success story of niche innovation scaling globally. At a time when many startups are struggling to balance growth with profitability, OnlyFans demonstrates that focusing on user empowerment and community-building can create a sustainable business model. Its potential sale may also encourage other companies to look for innovative ways to empower users while generating healthy returns.
Looking ahead, the $701 million dividend will likely be seen as a milestone — not just for the company’s leadership but also for the larger creator economy movement. It symbolizes the fact that platforms can be both profitable and empowering, providing win-win outcomes for investors, creators, and consumers.
As OnlyFans prepares for its next chapter, the story is less about controversy and more about strategic success. The massive dividend payout reinforces the idea that when technology is leveraged effectively, it can deliver exceptional results for all stakeholders involved. This positive trajectory positions OnlyFans not just as a platform of the present, but as a major player in shaping the digital content economy of the future.