Fenix International, the parent company of the OnlyFans platform, has disclosed its financial performance for the fiscal year ending on November 30, 2023. Total revenue increased by 20% from the previous year to $1.3 billion, with a net profit of $658 million after taxes. The number of creators also saw a 29% increase to 4.1 million, while the number of viewers or fans grew by 28% to 305 million.
OnlyFans recorded a revenue of $6.6 billion net of creators’ shares, which is approximately 20% of the total transaction value on the platform.
The growth of OnlyFans skyrocketed during the COVID-19 pandemic, but with the situation returning to normalcy, there are predictions that OnlyFans might follow the pattern of other online platforms that experienced high growth during COVID and then stagnated. However, the numbers indicate that OnlyFans might be an exception as it continues to grow at a rapid rate.
Source: Business Insider
TLDR: Fenix International, the parent company of OnlyFans, reported a 20% increase in revenue, reaching $1.3 billion, with a net profit of $658 million. OnlyFans recorded a revenue of $6.6 billion after deducting creators’ shares, showcasing continued high growth despite the post-COVID era predictions.
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