OnlyFans, the subscription platform that caters to sexually explicit content creators, reported $5.55 billion in total spending by users for the fiscal year ended Nov. 30, 2022, up 16% from the year prior, with creators taking home nearly $4.5 billion of that.

U.K.-based OnlyFans generated a pre-tax net profit of $525 million for the most recent fiscal year, up 21% on an annual basis, according to a regulatory filing Thursday by parent company Fenix International. OnlyFans owner Leonid Radvinsky was paid $338 million in dividends for the 2022 fiscal year, up 19% from $284 million the year prior, as reported by Bloomberg.

Related Stories

Icons representing film, music, books and news being connected by AI nodes and lines VIP+

Generative AI & Licensing: A Special Report

kathryn Hahn

‘Agatha All Along’ Stars Kathryn Hahn, Aubrey Plaza and Joe Locke on How Queer It Is: ‘It Will Be a Gay Explosion by the End of It’

As of November 2022, OnlyFans had 3.18 million registered creators, an increase of 47%, while the number of users increased 27% to 238.8 million, per the filing.

Popular on Variety

“The group anticipates that its commitment to being ‘creator first’ and providing the safest social media platform will provide a strong foundation to continue to drive revenue growth, profitability and brand awareness in the coming years,” the filing says.

OnlyFans creators keep 80% of the revenue their accounts generate, with the company taking a 20% cut. Of the $1.09 billion in OnlyFans’ net revenue for the 2022 fiscal year, 67% was derived from the U.S., 15% was from Europe and the U.K., and 18% was from the rest of the world.

This July, the company named Keily Blair, previously chief strategy and operations officer, as CEO, taking over for Amrapali “Ami” Gan, who had served as chief exec since December 2021. OnlyFans was launched in 2016.

The financial statement for Fenix International lists two directors of the company: Radvinsky and Lee Taylor, who serves as CFO, and Radvinsky.

Read More About:

Jump to Comments

More from Variety

Most Popular

Must Read

Sign Up for Variety Newsletters

By providing your information, you agree to our Terms of Use and our Privacy Policy.We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.

Variety Confidential

A Variety and iHeartRadio Podcast

ncG1vNJzZmiukae2psDYZ5qopV9nfXN%2Fjp2goKGklrlwusSwqminnqHGp63NrGScqpWWwbC%2BjJ6Yq6aZo7S0ecWiqpyZnGLGpq3RZmlpamJifnN%2FlHBnbHBiaXw%3D