OnlyFans

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.

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