OnlyFans reported record revenue and profits for its 2023 fiscal year, driven by a 29% increase in the number of creators, which reached 4.12 million.
OnlyFans 2023 revenue
9/19/2024
Gross payments through the platform grew by 19% for the year ending November 30, 2023, rising from $5.55 billion in 2022 to $6.63 billion, according to a regulatory filing from parent company Fenix International. These figures reflect payments made by users, minus sales taxes, refunds, and deferred income.
This translates to total creator payouts of $5.32 billion, averaging nearly $1,300 per creator—a 19% increase year over year.
Net revenue for the company rose 20% to $1.31 billion, while pre-tax profits surged 25% to $658 million. Approximately 66% of the company’s revenue came from the U.S. Leonid Radvinsky, the owner of OnlyFans and founder of MyFreeCams, received $472 million in dividends for 2023, a 40% jump from the previous year’s $338 million.
Total registered users on OnlyFans increased by 28% during fiscal 2023, reaching 305 million. The company, headquartered in London, reported an average of 42 employees during the year, though it also employs hundreds of contractors to help manage the platform.
In 2022, Keily Blair, the former chief strategy and operations officer, was appointed CEO. OnlyFans, which launched in 2016, promotes itself as one of the safest adult-oriented sites due to its strict ID verification process required for account creation. Additionally, its content is not freely accessible—users must pay a subscription fee or opt-in to view creators' accounts. Creators retain 80% of all payments made on the platform.
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