OnlyFans payouts skyrocket to record $6.6 billion in 2023

The latest findings show a large increase in payments to the OnlyFans platform in fiscal 12 months 2023, reaching a whopping $6.6 billion.

UK Regulatory Filing released On September 5, OnlyFans reported record earnings for the fiscal 12 months ending November 30, 2023. Gross payments processed through the subscription-based platform increased 19%, from $5.55 billion in 2022 to $6.63 billion last 12 months.

reports that a drastic increase in payments it happens the variety of creators will increase by 29% in 2023 to 4.12 millionOnlyFans creators received a combined $5.32 billion in payouts in the last fiscal 12 months, a median of nearly $1,300 per creator, a 19% increase 12 months over 12 months.

It was a powerful 12 months for the London-based platform, with OnlyFans’ registered users growing 28% in fiscal 2023 to 305 million. The company’s revenue for the last fiscal 12 months rose 20% to $1.31 billion, while pre-tax profit rose 25% to $658 million.

The jump in profits shows that OnlyFans has continued to grow in popularity since its launch in 2016. Content creators favor the platform because they receive 80% of all payments made on the platform. Most of its content is adult, including pornography and X-rated images.

Users must pay a subscription fee or opt in to access OnlyFans accounts. Creators must also undergo an intensive identity verification process before creating an account, which increases account security.

“OnlyFans’ mission is to empower content creators to realize their full potential by building the safest social media platform and providing unparalleled opportunities for our user community,” the corporate said in the filing. “Media content on OnlyFans.com may only be shared or accessed by registered users who are 18 years of age or older and have successfully completed the creator or fan onboarding process.”

It also noted increased media interest in OnlyFans “thanks to its innovative business model, inclusive content policy, and the success of many creators.”

“The Group will continue to develop its public relations and government relations strategy to dispel misconceptions about the Group that appear in the media,” he added.

OnlyFans has been focused on developing its OFTV platform, a safe-to-work streaming platform and app that serves primarily as a promotional tool for the location. The company says it has “begun to explore opportunities to license OFTV content to other platforms.”