OnlyFans Reports Surge in Subscribers and Profits Amid Dividend Controversy

OnlyFans Reports Surge in Subscribers and Profits Amid Dividend Controversy

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Updated 4 months ago

Financial Highlights

owner received a substantial $472m dividend in the last year, contributing to his total payouts from the platform nearing $1.3bn over four years.

The platform's revenue reached $1.3bn with a pre-tax profit of $658m in the year to November 2023, showcasing a significant financial year for the company.

Growth and Criticism

OnlyFans experienced a 29% increase in both creator and fan accounts, with users spending a record $6.6bn on content, reflecting its growing popularity and diversification efforts.

Despite its success, OnlyFans faces scrutiny over child protection, with regulator Ofcom expressing concerns and the platform admitting to a coding issue affecting age thresholds.
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