OnlyFans Users Spent $5.6 Billion on Porn-Friendly Creator Site in Fiscal 2022, up 16%

[DVTimes]

OnlyFans Users Spent $5.6 Billion on Porn-Friendly Creator Site in Fiscal 2022, up 16%

https://variety.com/2023/digital/new...22-1235703824/

OnlyFans, the subscription platform that caters to sexually explicit content creators, reported $5.55 billion in total spending by users for the fiscal year ended Nov. 30, 2022, up 16% from the year prior, with creators taking home nearly $4.5 billion of that.

U.K.-based OnlyFans generated a pre-tax net profit of $525 million for the most recent fiscal year, up 21% on an annual basis, according to a regulatory filing Thursday by parent company Fenix International. OnlyFans owner Leonid Radvinsky was paid $338 million in dividends for the 2022 fiscal year, up 19% from $284 million the year prior, as reported by Bloomberg.

As of November 2022, OnlyFans had 3.18 million registered creators, an increase of 47%, while the number of users increased 27% to 238.8 million, per the filing.

“The group anticipates that its commitment to being ‘creator first’ and providing the safest social media platform will provide a strong foundation to continue to drive revenue growth, profitability and brand awareness in the coming years,” the filing says.

OnlyFans creators keep 80% of the revenue their accounts generate, with the company taking a 20% cut. Of the $1.09 billion in OnlyFans’ net revenue for the 2022 fiscal year, 67% was derived from the U.S., 15% was from Europe and the U.K., and 18% was from the rest of the world.

This July, the company named Keily Blair, previously chief strategy and operations officer, as CEO, taking over for Amrapali “Ami” Gan, who had served as chief exec since December 2021. OnlyFans was launched in 2016.

The financial statement for Fenix International lists two directors of the company: Radvinsky and Lee Taylor, who serves as CFO, and Radvinsky.

[Huggles]

Would be nice if I could promote OF as an affiliate!

[CaptainHowdy]

Originally Posted by Huggles

Would be nice if I could promote OF as an affiliate!

[Huggles]

^^ Hahahah!!!

[plsureking]

Originally Posted by Huggles

Would be nice if I could promote OF as an affiliate!

you can with Crak

https://www.gfy.com/announcements/13...akrevenue.html

#

[Huggles]

Originally Posted by plsureking

you can with Crak

https://www.gfy.com/announcements/13...akrevenue.html

#

Oh hey that's cool, I'll check it out...

[Klen]

Originally Posted by plsureking

you can with Crak

https://www.gfy.com/announcements/13...akrevenue.html

#

I was kind expecting that considering is same owner myfreecams/onlyfans.

[Markul]

Originally Posted by Huggles

Would be nice if I could promote OF as an affiliate!

Yes wouldn't that be great. So they can fuck you over like they did to those of us that referred thousands of creators to their lifetime referral program... That then got canned retroactively.

[Huggles]

Originally Posted by Markul

Yes wouldn't that be great. So they can fuck you over like they did to those of us that referred thousands of creators to their lifetime referral program... That then got canned retroactively.

WHAT!!!!

That's some DeeCash level of be-fuckery!

[DVTimes]

OnlyFans owner Leonid Radvinsky receives $338m payout

https://www.bbc.co.uk/news/business-66612769

The owner of OnlyFans, the online platform used by sex workers, musicians, celebrities and more, has been paid $338m (£268.5m) in dividends.

Its parent company, Fenix International, says annual profits jumped to over half a billion dollars.

The platform says it now hosts more than three million creators, serving almost 240 million users, or "Fans".

UK-based Fenix's sole shareholder, Leonid Radvinsky, has a personal fortune estimated at more than $2bn.

In accounts filed at the UK corporate registry Companies House, the firm said more than $5.5bn was spent on the OnlyFans platform in the year to the end of November 2022. That was up from $4.8bn in 2021.

The London-registered firm said pre-tax profits for the period reached $525m, up from $432m the previous year.

The number of creators on OnlyFans jumped by 47% to almost 3.2 million, while the number of users rose by 27% to close to 239 million.

The company also said that for the first time more than half of its revenues were from non-subscription services such as tips and on-demand content by creators.

The firm said it takes a fifth of the payments made on the site, with around 80% going to creators.

"OnlyFans recorded sustained growth and profitability," Fenix said in the filing.

"This reflects both the platform growth, in terms of number of content creators and fans, as well as growth in existing content creators earnings," it added.

Traffic soared for OnlyFans and other streaming sites during the coronavirus lockdowns as people were stuck in their homes.

However, many of those platforms have seen the pandemic-era gains drop away after restrictions were lifted.

OnlyFans was founded in 2016 by father and son team Guy and Tim Stokely.

They sold the company to Ukrainian-American entrepreneur and porn site owner Mr Radvinsky in 2018.

Mr Radvinsky has an estimated net worth of $2.1bn, according to Forbes magazine.

[Huggles]

Originally Posted by DVTimes

OnlyFans owner Leonid Radvinsky receives $338m payout

https://www.bbc.co.uk/news/business-66612769

Is he the richest man in adult 2023?

[O MARINA]

that's crazy!