Last year, the OnlyFans founder received over €600 million in dividend payments, which coincided with the number of users of the streaming service, primarily associated with adult content, growing by almost a quarter.
The period has seen the UK organisation prepare for a planned multi-billion pound sale that could take place this year.
According to the latest data from Companies House, revenues for the 2024 financial year increased by 9% year-on-year to reach US$1.41 billion (€1.2 billion).
During the reporting period, the organization raised approximately US$7.2 billion from subscribers and sent US$5.8 billion to creators.
OnlyFans saw its total number of registered creators grow by 13% to 4.6 million as more people see the platform as a way to make money.
At the same time, the size of the subscriber account base acquiring access to materials on the resource expanded by 24% and amounted to 377.5 million across the global network.
The corporation's head office is based in the United Kingdom, where it meets tax obligations, but the bulk of its financial results are generated in the United States.
The company also posted a 4% increase in full-year pre-tax profit to $683.6 million.
Improved financial performance has provided additional significant financial gains for Ukrainian-American businessman Leonid Radvinsky.
The filings showed OnlyFans paid $497 million in dividends to Mr. Radwinski's organization Fenix International for the year, as well as another $204 million in dividends between December and April.
Business How OnlyFans Became a Global Empire with I… Read more
Kaylee Blair, CEO of OnlyFans, who hails from Dublin, said: “OnlyFans has consistently grown its revenue and global audience throughout 2024.
“We have strengthened our positions in new directions, proving the capabilities and power of the service in a wide variety of genres.
“Through a number of significant collaborations with brands and individuals, particularly in the sports industry, OnlyFans has cemented its status as a fundamental part of the larger creator economy.”
Sourse: breakingnews.ie
