OnlyFans' official financial reports or credible financial news sources

OnlyFans Sees $6.6B User Spend in 2023, Pays £148M Tax and $472M to Leonid Radvinsky

Sep 6, 2024, 04:06 PM

OnlyFans experienced significant financial growth in 2023, with users spending $6.6 billion on content and messages, an increase from $5.6 billion in 2022. The platform's net revenue rose to $1.3 billion, while gross profit reached $820 million and operating profit stood at $650 million, all up approximately 20% year-over-year. OnlyFans paid out $5.3 billion to creators, and the number of creator accounts grew by 29% to 4.1 million, while fan accounts rose 28% to 305 million. The company paid £148 million in UK corporation tax, which is sufficient to cover the education costs of 15,000 British schoolchildren. Additionally, OnlyFans' owner, Leonid Radvinsky, received $472 million in dividends last fiscal year, bringing his total earnings from the site to over $1 billion in the past three years. The post-pandemic boom in user spending shows no signs of slowing down.