OnlyFans Owner Receives €600 Million in Dividends Amid User Growth

The owner of OnlyFans, Ukrainian-American entrepreneur Leonid Radvinsky, received over €600 million in dividends last year as the platform experienced a significant surge in user numbers. The adult content streaming site reported an increase of nearly a quarter in users, paving the way for a potential multibillion-pound sale later this year.

Freshly filed accounts with Companies House revealed that revenues for 2024 rose by 9 percent to $1.41 billion (approximately €1.2 billion), compared to the previous year. The platform generated around $7.2 billion from subscribers, returning $5.8 billion to its creators. This growth reflects the rising trend of individuals leveraging the platform to generate income.

User Base Expansion

OnlyFans reported that the total number of creator accounts on the platform grew by 13 percent to 4.6 million. This increase demonstrates the platform’s appeal to a diverse range of individuals seeking to monetize their content. Additionally, the number of fan accounts—those paying to access exclusive content—soared by 24 percent to a staggering 377.5 million globally.

The company, which is headquartered in the UK and pays taxes there, primarily earns its revenue in the United States. In terms of profitability, OnlyFans reported a 4 percent rise in pre-tax profits, reaching $683.6 million for the year. This robust financial performance has resulted in substantial dividends for Radvinsky, who received $497 million from Fenix International, with an additional $204 million distributed between December and April.

Looking Ahead

Keily Blair, the chief executive of OnlyFans, emphasized the platform’s continued growth, stating, “In 2024, OnlyFans continued to grow its revenue and global user base.” She highlighted the company’s expansion into new verticals and partnerships, particularly in sports, which have enhanced its reputation within the broader creator economy.

As OnlyFans prepares for potential changes, including a significant sale, the company’s impressive financial trajectory and increasing user engagement position it for continued success in a competitive market. The evolving landscape of content creation and consumption underscores the platform’s pivotal role in shaping the future of digital media.