OnlyFans owner Leonid Radvinsky received $701M in dividends in FY2024
Parent Fenix International reported $1.4B revenue (+9% YoY) and $683.6M profit (+4%)
Platform processed $7.2B in payments, paying $5.8B to creators; creators keep 80%
User base: 4.6M creators (+13%) and 377.5M fans (+24%)
Potential sale valued at $7–8B; Forest Road-led consortium among suitors
OnlyFans Owner Received $701Mn in Dividends as Platform Eyes Multibillion-Dollar Sale
OnlyFans’ parent company paid owner Leonid Radvinsky $701 million in dividends in 2024 after revenue rose 9% to $1.4 billion and processed payments hit $7.2 billion. With 377M users and 4.6M creators, the platform is weighing a sale valued at up to $8 billion amid regulatory scrutiny and expansion beyond adult content
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Summary
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The owner of OnlyFans was paid $701 million (£523 million) in dividends last year as the subscription-based platform, best known for adult content, prepares for a potential multibillion-dollar sale, Bloomberg reported citing company accounts filed at Companies House show.
OnlyFans’ UK-based parent reported revenue of $1.4 billion for the 2024 financial year, up 9% year-on-year, with pre-tax profit of $683.6 million, a 4% rise. The group processed $7.2 billion in payments from subscribers in 2024 (up from $6.6 billion in 2023) and paid out $5.8 billion to creators.
The filings show $497 million in ordinary dividends paid to owner Fenix International (controlled by Leonid Radvinsky) in 2024, plus a further $204 million paid in five tranches from December to April, totalling the $701 million disclosed.
Users and Creators
OnlyFans said the number of creator accounts rose 13% to 4.6 million, while fan accounts increased 24% to 377.5 million. Creators keep 80% of payments, with OnlyFans retaining a 20% fee on subscriptions, videos and other monetised content.
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The dividend windfall accrues to Ukrainian-American entrepreneur Leonid Radvinsky, who bought the site in 2018. Reports have linked Fenix to talks about selling OnlyFans for as much as $7–8 billion, with a consortium led by Forest Road Company reported among potential bidders.
The platform, founded in 2016 by Tim and Guy Stokely, remains headquartered in London despite its largest market being the United States.
OnlyFans highlighted “significant growth and profitability” driven by rising platform users and higher creator earnings. The company said it has expanded into new verticals beyond adult content, including sports and lifestyle, and developed non-adult offerings via an on-demand platform called OFTV.
Trust, Safety & Workforce
Accounts note ongoing investment in trust and safety measures amid tighter UK online-safety rules. OnlyFans enforces an 18+ age limit and uses measures such as facial scanning to vet users. The filings show the business directly employs just 46 people, underscoring its platform-centric model that mainly routes payments to creators.
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With robust cash flow and record dividend payouts to its owner, OnlyFans’ financial statements underscore the platform’s profitability and scale as it navigates regulatory scrutiny and potential sale discussions.
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