OnlyFans, the UK-based adult-content social network, paid its owner Leonid Radvinsky a record $701 million in dividends in 2024 ahead of a potential sale valued at around $8 billion. The platform generated $1.44 billion in revenue for the fiscal year ending November 30, 2024, representing a 9% increase from the previous year, and reported a profit of $684 million, up 4%. User spending on the platform reached $7.2 billion, also up 9% year-over-year, with 377.5 million paying users and 4.6 million content creators, marking respective increases of 24% and 13%. OnlyFans operates on a business model that takes a 20% commission on all creator payments, having paid out $5.8 billion to creators in 2024. Since 2021, Radvinsky's total dividend payouts from the platform have reached approximately $1.8 billion. The company is exploring a potential sale that could value the business at $8 billion.
Leonid Radvinsky, the billionaire owner of Onlyfans, earned more than $1.9 million a day from the site in 2024. Read more: https://t.co/L1OhrOSmx7 https://t.co/peEpCvm85S
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https://t.co/oOd0G4Iztw executives have discussed a potential sale or raising a few hundred million dollars at a valuation of over $1 billion. • The company projects it will reach $50 million in annualized revenue by the end of the year. • A $1 billion valuation would amount