OnlyFans’ pre-tax income soar to 18.5 billion baht as user numbers surge

OnlyFans, the renowned on-line platform for content creators, has reported a staggering dividend of US$338 million, equal to roughly eleven.9 billion baht. Phoenix International, the mother or father company of OnlyFans with its headquarters in England, disclosed that annual income have soared past US$500 million (17.6 billion baht). This follows an influx of greater than three million creators and over 240 million platform customers.
Leonid Radvinsky, the only shareholder of Phoenix, has individual belongings exceeding US$2 billion (70 billion baht). Documents submitted by Phoenix to the Companies House reveal an funding exceeding US$5.5 billion by the tip of November 2022, a rise from US$4.eight billion in 2021.
Pre-tax income for a similar period escalated to US$525 million, a rise from US$432 million from the earlier year. Meanwhile, the number of OnlyFans creators rose by 47%, nearly 3.2 million individuals, whereas platform customers increased by 27%, almost 239 million folks.
The firm additionally highlighted that for the primary time, over half of the income got here from providers not tied to subscriptions, similar to tips and creator-generated content material.
Price break earned about one in five components, with roughly 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 earnings, as seen from the growing number of creators and users, and rising creator revenue. This is as a result of enhance in utilization of OnlyFans and other streaming websites through the lockdown due to the Covid-19 outbreak, which pressured folks to stay at house.
The success of OnlyFans is seen via the lives of its users. For example, Valery Lopez and Brandon Mena, younger Venezuelans, used the English content material subscription service OnlyFans to beat the economic disaster, reviews KhaoSod Online..

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