OnlyFans reports record profit

OnlyFans reported record income because it paid out greater than US$500mln (£433mln) to its proprietor within the final two years.

The British-based subscriber platform finest identified for pornography recorded revenues of US$4.8bn on the location final yr, in keeping with the Guardian.

Pre-tax income soared 615% to US$432mln within the 12 months to September 2021, that means the tech start-up is without doubt one of the most financially profitable in Britain lately.

The positioning’s primary attraction is pornography, regardless of makes an attempt from OnlyFans to say that its platform permits celebrities and musicians to monetise their social Media following.

There are 2.1mln registered creators promoting their content material and 188mln registered followers shopping for movies, pictures or personalised messages.

Creators hold 80% of their income, whereas 20% goes to OnlyFans to cowl the prices of working the Business and paying the proprietor, Ukrainian-American Leonid Radvinsky.

Based in 2016 by an Essex household, the Business began to go when it was offered to Radvinsky in 2018, who had expertise working pornography websites.

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