OnlyFans paid a record $701m dividend to owner Leonid Radvinsky after a surge in user spending drove rapid growth at parent company Fenix International. Fan accounts rose 24% to 377.5 million and content creators grew 13% to 4.6 million. Users spent a record $7.2bn in 2024 on subscriptions, messages and paid content; OnlyFans retains a 20% commission and reported $684m profit while paying £167m in UK corporation tax. Radvinsky has received over $1.8bn in dividends and is negotiating a potential majority-stake sale that could value the company up to $8bn, while the platform expands into safe-for-work verticals such as OFTV and mainstream partnerships.
OnlyFans has paid a record dividend of $701m (£523m) to its Ukrainian-born owner Leonid Radvinsky, marking the latest in a series of bumper payouts as the adult-content platform prepares for a potential sale. The payout comes after a surge in user spending helped OnlyFans' parent company, Fenix International, deliver another year of rapid growth. The site, best known for its role in the creator economy and for hosting millions of influencers and adult stars, reported a 24 per cent rise in "fan" accounts to 377.5 million.
Last year, users spent a record $7.2bn on subscriptions, direct messages and other paid content. OnlyFans takes a 20 per cent commission, with the rest going directly to creators. The model has allowed the London-based company to deliver profits of $684m in 2024, while contributing £167m in corporation tax to the UK exchequer. Radvinsky, 43, who bought OnlyFans in 2018 from its British founders Tim and Guy Stokely, has now received more than $1.8bn in dividends from the platform.
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