OnlyFans, the renowned online platform for content material creators, has reported a staggering dividend of US$338 million, equivalent to approximately 11.9 billion baht. Phoenix International, the mother or father company of OnlyFans with its headquarters in England, disclosed that annual earnings have soared beyond US$500 million (17.6 billion baht). This follows an influx of greater than three million creators and over 240 million platform users.
Leonid Radvinsky, the sole shareholder of Phoenix, has particular person assets exceeding US$2 billion (70 billion baht). Ingredients submitted by Phoenix to the Companies House reveal an investment exceeding US$5.5 billion by the tip of November 2022, an increase from US$4.eight billion in 2021.
Pre-tax income for a similar interval escalated to US$525 million, an increase from US$432 million from the previous year. Meanwhile, the number of OnlyFans creators rose by 47%, almost three.2 million people, whereas platform users increased by 27%, practically 239 million people.
The company also highlighted that for the first time, over half of the revenue got here from companies not tied to subscriptions, corresponding to suggestions and creator-generated content material.
The firm earned about one in five parts, with approximately 80% paid to creators. Established in 2016 by father and son, Tim Stokely, it was later offered to Ukrainian-American businessman Radvinsky, proprietor of the MyFreeCams website, in 2018.
The platform has since grown and generated sustainable income, as seen from the rising variety of creators and users, and rising creator revenue. This is because of the improve in usage of OnlyFans and other streaming websites in the course of the lockdown as a result of Covid-19 outbreak, which pressured people to stay at house.
The success of OnlyFans is seen through the lives of its customers. For instance, Valery Lopez and Brandon Mena, younger Venezuelans, used the English content material subscription service OnlyFans to beat the economic crisis, stories KhaoSod Online..g