Crowdfunding firm OnlyFans is filing its latest financial results today, but the Financial Times got an early look at them – a mark of the company’s growing clout in the UK.
According to the FT, OnlyFans’ revenues grew by 553% year-on-year to £281m ($391.4m) in its last financial year, which ended in November 2020. The company takes a 20% cut of the money fans pay to its community of creators – lots of adult entertainment stars, but also influencers and a growing band of musicians – helping it to pre-tax profits of £53m ($73.8m) for that year.
The company also told the FT that there are more than 300 creators on OnlyFans who have earned more than $1m, and that since the Covid-19 pandemic started the number of fans using the service has grown from 20 million to more than 120 million.
Music Ally’s next Learn Live webinar will help you build the strategies for artists to thrive in new international markets!
This design is wicked! You obviously know how to keep
a reader entertained. Between your wit and your videos,
I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job.
I really loved what you had to say, and more than that, how you presented it.
Leave a comment