Porn-friendly platform OnlyFans reported record revenue and profits for fiscal 2023 as the number of creators rose 29% to 4.12 million.
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Gross payments made through the OnlyFans platform rose 19% for the year ending Nov. 30, 2023, from $5.55 billion in 2022 to $6.63 billion last year, according to a U.K. regulatory filing Thursday by parent company Fenix International. (These figures represent payments made by OnlyFans users excluding applicable sales taxes, refunds and deferred income.)
That means OnlyFans creators generated a total of $5.32 billion in revenue in the most recent fiscal year. That’s an average of nearly $1.3 million per creator and a 19% increase from the previous year.
Net revenue rose 20% for the most recent fiscal year, to $1.31 billion, while the company’s pre-tax profit rose 25% to $658 million. About 66% of that revenue is generated by U.S. OnlyFans owner Leonid Radvinsky, who is also the founder of cam site MyFreeCams, received a whopping $472 million in dividends for fiscal 2023, up 40% from $338 million the year before, according to the filing.
