- OnlyFans’ dad or mum firm, Fenix International, posted annual earnings for its 2023 fiscal 12 months.
- Its income elevated by $217 million to $1.3 billion final 12 months.
The pandemic increase may be over for a lot of tech corporations, however OnlyFans continues to be a money-making machine.
Its dad or mum firm, Fenix International, posted annual earnings on Friday for the fiscal 12 months ending November 30, 2023. The firm’s income grew by $217 million to $1.3 billion, up from $1.09 billion in 2022.
The submitting reveals that the full variety of creator and fan accounts additionally surged by 29% and 28%, respectively, to 4.1 million creators and 305 million followers.
OnlyFans takes a 20% lower of creators’ earnings by way of its platform. Gross funds made by way of OnlyFans, representing how a lot followers pay creators for messages, photographs, and movies, amounted to $6.6 billion, up by $1 billion from the prior 12 months.
The group’s pre-tax revenue jumped from $525 million to $658 million in 2023.
The subscription web site in style with grownup content material creators boomed through the pandemic, boosted by new creators and subscribers signing up throughout lockdown.
Company filings present that Leo Radvinsky, the proprietor of OnlyFans, was paid a dividend of $338 million in 2022 after incomes greater than $500 million from OnlyFans within the prior two years.
OnlyFans was based within the UK in 2016 by British entrepreneur Tim Stokely earlier than he bought the corporate Radvinsky two years later for an undisclosed quantity.
OnlyFans did not instantly reply to a request for remark from Business Insider.
