OnlyFans Expands Beyond Adult Content
OnlyFans, the London-based social platform well-known for its association with adult content, has embarked on a significant transformation. Historically recognized for hosting material not allowed on other social networks, OnlyFans is now diversifying its content to cater to a broader audience. The platform is actively recruiting a variety of content creators including chefs, personal trainers, and comedians.
Leadership and Financial Growth Under Leonid Radvinsky
Since acquiring a majority stake in OnlyFans in 2018 from the British founders Guy and Tim Stokely, owner Leonid Radvinsky has overseen remarkable financial and operational growth. Under his leadership, the platform's revenue surged by 20% reaching $1.3 billion. Radvinsky, an entrepreneur originally from Odesa, Ukraine, who moved to Chicago in his childhood and currently resides in Florida, has successfully drawn $1 billion in dividends since 2021.
Expanding User and Creator Base
OnlyFans continues to grow its community, supporting 4.1 million creators, which marks a 29% increase from the previous year. The platform's user base has also seen significant growth, with a 28% increase bringing the total to 305 million users. This expansion is part of a broader strategy to transform OnlyFans into a more inclusive platform, shedding its exclusive focus on adult content.
