OnlyFans shared some numbers last week, showing it has a fantastic 2023. The adult content giant reported revenues of $1.3 billion in the fiscal year ending November last year (a 20% gain) and pre-tax profits of $658 million.
Its prominent competitor, Aylo (previously known as MindGeek), reportedly generated only half the business.
OnlyFans’s success is making a lot of money for Leonid Radvinsky, the platform owner. He received a $472 million dividend last year, bringing his total payouts to over $1 billion since 2020.
OnlyFans allows creators to keep 80% of their subscription earnings, taking a 20% cut. They also generate additional revenue from tips and pay-per-view content.
The platform now hosts over 4 million creators and 305 million fan accounts, growing nearly 30% over the past year.
Users spent a record $6.6 billion on OnlyFans last year.