OnlyFans is a prominent subscription-based social media platform where creators can share exclusive content with their fans. Although it is primarily known for adult content, the platform also offers a wide variety of other genres. Let’s explore some interesting facts about OnlyFans and its growth potential.
1. Overview of OnlyFans
OnlyFans is a subscription-based social media platform founded in 2016 by Tim Stokely, a British entrepreneur. The platform allows content creators to share exclusive works with their fans. The content on OnlyFans is highly diverse, ranging from images and videos to live broadcasts. Creators have the freedom to set their own prices for their content, and users can subscribe to multiple creators they enjoy.
While OnlyFans is often associated with adult content, the platform also hosts a vast array of other content types, such as fitness tutorials, cooking, music, comedy, and many more genres. To date, OnlyFans has attracted over 238.9 million users and more than 2.1 million creators.
The platform charges a 20% fee on creators’ total earnings. Additionally, creators can earn extra income through tips from fans and pay-per-view content. Notably, more than 300 creators earn at least 1 million USD annually, and around 16,000 other creators earn over 50,000 USD per year.
According to a report by SignHouse, OnlyFans’ revenue has experienced impressive growth, increasing by +43,000% from 5.8 million USD in 2018 to 2.5 billion USD in 2022.
2. Is OnlyFans publicly available for purchase?
Currently, OnlyFans is not listed on the stock market. The company is privately held and does not engage in public stock trading. OnlyFans is owned by Fenix International Limited, a private company that is not listed on any stock exchange.
As of now, there is no official information regarding whether OnlyFans will go public or have a stock ticker in the future.
3. How can I buy shares on OnlyFans?
Currently, OnlyFans is not a publicly traded company, so you cannot invest directly in it like large brands such as Apple, Google, or Tesla. However, if you wish to participate in the journey of OnlyFans, one option is to seek out private investment funds related to the company. It’s important to note that these funds are typically only open to accredited investors who meet specific financial and professional criteria.
Although OnlyFans has not gone public yet, there are precedents in the past that show the company may follow this path. Adult content companies, such as Vivid Entertainment, Playboy Enterprises, and New Frontier Media, have previously gone public. This creates hope that OnlyFans might follow suit in the future.
4. Who owns the majority of OnlyFans?
Currently, 75% of OnlyFans is owned by Fenix International Limited, led by Leonid Radvinsky. Radvinsky acquired the majority of OnlyFans’ shares in 2018 from the founder Timothy Stokely and his brother Thomas. Leonid Radvinsky, known for founding MyFreeCams – an adult entertainment website, rarely appears in public and there is little information available about him.
OnlyFans had previously sought strategic private investors to prepare for an initial public offering (IPO). However, due to its focus on the adult market, many investors passed on the opportunity.
5. Does OnlyFans plan to go public?
Despite speculation about the possibility of an IPO, the company has denied such plans. In 2022, former CEO Amrapali Gan announced that the company had no intention of going public. This stance has not changed, even with leadership changes. In October 2023, current CEO Keily Blair reaffirmed: “People often ask if we plan to go public. The answer is no, at least not in the current plans.”
While many tech companies planning to go public are not yet profitable and will use funds raised from an IPO to continue their development, OnlyFans is maintaining stable profits. This may reduce the company’s motivation to pursue an IPO, as it already has a solid financial base and does not need to raise additional funds from the public.
With its strong growth and attractive income opportunities for creators, OnlyFans is steadily asserting its position in the online content industry. Although it does not have publicly traded shares, the platform’s potential continues to attract significant attention from both users and investors.
