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Indian Express
25-05-2025
- Business
- Indian Express
OnlyFans owner in talks to sell adult content-focused platform for $8 billion: Report
OnlyFans, the popular subscription-based platform for adult content, could be sold with a price tag of around $8 billion. Billionaire owner Leonid Radvinsky is in talks to sell the content creator site to an investor group led by a US-based investment firm, Forest Road Co, according to a report by Reuters. However, discussions to sell OnlyFans are not exclusive to Forest Road Co and the timeline for a deal is unclear, the report added. Despite an $8 billion valuation, Radvinsky has been looking to sell OnlyFans for a price in the range of $1.46 billion to $2.42 billion after having trouble finding buyers due to the platform's pornography-centric content, according to a report by New York Post. OnlyFans was founded by Tim Stokely in 2016 as a relatively safer platform that prioritised creators of adult content. Radvinsky,who also founded a cam site called MyFreeCams, bought OnlyFans from Stokely in 2018. Since then, OnlyFans has witnessed a revenue growth of 2000 per cent due to its unique business model that does not rely on advertising, unlike social media platforms like Facebook and Instagram. The platform requires users to submit to an extensive ID verification process in order to create an account. OnlyFans has also said it has taken certain steps such as building a deliberately hard-to-use search function to make its platform safe for creators. Registered users are required to pay a subscription fee to view content posted by OnlyFans creators, explicit or otherwise. The company takes a 20 per cent cut from the fee and the remaining 80 per cent is paid out to OnlyFans creators. As of the end of its 2023 fiscal year, OnlyFans has 4.12 million creators and more than 300 million registered users. Its gross revenue touched 6.63 billion, up 19 per cent from the year-ago period, and net revenue rose by 20 per cent to $1.31 billion. The company reported a pre-tax profit of $658 million for fiscal 2023, with creator payouts amounting to a total of $5.32 billion, as per regulatory filings. OnlyFans parent company is a London-based firm called Fenix International which lists Radvinsky as the sole shareholder. In 2021, OnlyFans sparked intense backlash among content creators after it announced plans to ban pornography on the platform. However, the company abandoned these plans and said it had 'secured assurances necessary to support our diverse creator community.' Since then, the company has been making efforts to move away from adult-oriented content by recruiting several non-porn content creators and launching a safe-for-work free streaming service with original content called OFTV.
Bloomberg
23-05-2025
- Business
- Bloomberg
An OnlyFans Deal Would Yield Billions for Its Secretive Owner
A big prize might be within reach for Leonid Radvinsky. The owner of OnlyFans, the platform hosting everyone from celebrity chefs to porn stars, is exploring a number of offers for the site that would value it at about $8 billion, according to a person with knowledge of the matter. Reuters earlier reported that a consortium led by investment firm Forest Road Co. was weighing a bid, citing sources it didn't identify.
