OnlyFans became the most successful British startup



OnlyFans' profits for the last year rose 615% to $432 million, and its users spent $4.8 billion on the site. Publishing data from the company's financial report, the Financial Times notes that its owner, Leonid Radvinsky, will be paid $284 million for 2021 and $233 million for 2022.

OnlyFans became the most successful British startup

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In 2018, Ukrainian-American businessman Leonid Radvinsky bought 75% of the then little-known company OnlyFans, which later became popular and sought-after in large part because of the 2020 pandemic.

In 2020, OnlyFans revenue was 540% higher than in 2019 at $400 million, with 80% of the revenue coming from U.S. customers. The number of paid subscribers in 2020 grew more than 500% to 82 million, while video content creators became almost 1.6 million.

The 2022 statistics already show 2.1 million registered "creators" and 188 million registered "viewers" who pay to subscribe, place orders for creators and send them messages.

Although OnlyFans is not positioning itself as a Pornhub competitor, Leonid Radvinsky has confirmed that its service has surpassed the MindGeek media empire, which owns Brazzers, Pornhub, RedTube, YouPorn and Xtube, in terms of profit. Reporting on OnlyFans' figures, virtually all publications emphasize that it has become the most financially successful British tech startup in recent years.

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Withholding TaxGeneral Accepted Accounting StandardsLetter Of IntentWhat is scarcityYear-to-dateLong-Term LiabilitiesNon-Disclosure AgreementChief Operating OfficerReturn on InvestmentChief Marketing OfficerChief Financial OfficerAsset Protection TrustChief Security OfficerCertified Financial PlannerElectronic Funds TransferLimited Liability CompanyClose of BusinessCompany FinanceCash FlowAutomated Teller MachineReturn on EquityStagnation meaningCertified Management AccountantNon-Profit OrganizationCertified Financial ManagerChief Technology OfficerProfit and Loss StatementGross Margin




Business and Finance terms

Withholding Tax General Accepted Accounting Standards Letter Of Intent Scarcity Year-to-date Long-Term Liabilities Non-Disclosure Agreement Chief Operating Officer Return on Investment Chief Marketing Officer Chief Financial Officer Asset Protection Trust Chief Security Officer Certified Financial Planner Electronic Funds Transfer Limited Liability Company Close of Business Company Finance Cash Flow Automated Teller Machine Return on Equity stagnation Certified Management Accountant Non-Profit Organization Certified Financial Manager Chief Technology Officer Profit and Loss Profit and Loss Statement Gross Margin