OnlyFans Sees $6.6 Billion User Spend in 2023, Pays $472 Million to Owner, 20% YoY Increase

Sep 6, 2024, 06:29 PM

OnlyFans experienced significant financial growth in 2023, with users spending $6.6 billion on the platform, up from $5.6 billion in 2022. The company generated $1.3 billion in net revenue, $820 million in gross profit, and $650 million in operating profit, all reflecting a 20% year-over-year increase. Creator accounts grew by 29% to 4.1 million, while fan accounts rose by 28% to 305 million. The platform paid out $5.3 billion to creators, and its owner, Leonid Radvinsky, received $472 million in dividends last fiscal year, bringing his total earnings from the site to over $1 billion in three years. Additionally, OnlyFans paid £148 million in UK corporation tax, which is enough to cover the cost of educating 20,000 British schoolchildren. Gross payments on the platform increased by 19%, and the company posted a pre-tax profit of $658 million. The mean average payout per creator was nearly $1.3 million.