OnlyFans owner paid £522m in dividends
By CITY & FINANCE REPORTER
Updated:
OnlyFans has rewarded its owner with £522m in dividends since the start of last year as the adult content streaming site's popularity surges.
Companies House accounts show it dished out £370m to Ukrainian-American entrepreneur Leonid Radvinsky's Fenix International in 2024 – on top of £152m of dividends between December and April.
It comes as the UK-based business prepares for a potential multi-billion-pound sale this year. Revenues grew 9 per cent over 12 months to £1.05billion at the end of last year.
Cashing in: OnlyFans has rewarded its owner Leonid Radvinsky (pictured) with £522m in dividends since the start of last year as the adult content streaming site's popularity surges
OnlyFans took in about £5.4billion from subscribers and paid £4.3billion of this to content creators. The number of creator accounts grew 13 per cent to 4.6m, while fan accounts paying for access jumped 24 per cent to 377.5m.
The company pays tax in the UK but makes most of its money in the US.
Pre-tax profits rose 4 per cent to £509.5m.
Chief executive Keily Blair said: 'OnlyFans continued to grow its revenue and global user base and continued to enhance its reputation as a foundational element of the wider creator economy.'
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