OnlyFans' Financial Growth and Creator Expansion in 2023
In a recent financial report, OnlyFans disclosed significant growth in both revenue and its creator base through 2023. The platform, known for its adult content, saw a 29 percent increase in its creator base , which now encompasses a global network of 4.12 million creators.
Impressive Earnings for Creators
During the span of 2023, OnlyFans creators received a cumulative $6.63 billion in gross payments , marking an uptick of 19 percent from the previous year. Out of this, creators took home a collective total of $5.32 billion in net payouts .
OnlyFans' Revenue and Profits Surge
The company itself reported a 20 percent rise in net revenue , amounting to $1.31 billion. There was also a 25 percent increase in pre-tax profits , totaling $658 million.
Creator-First Approach and Safety Measures
Launched in 2016, OnlyFans continues to emphasize its creator-first strategy, ensuring that creators receive 80 percent of all payments. The platform is positioned as one of the safest for adult-oriented content , maintaining rigorous age and identity verification processes to authenticate all users as adults.
OnlyFans' Commitment to Safety and Empowerment
In their latest statement, OnlyFans underscored its resolve to empower creators while prioritizing their safety, aiming to create the most secure social media environment. This mission is crucial in light of their aim to provide unparalleled opportunities for creators.
Strategic Moves in Public and Government Relations
OnlyFans also noted its strategic efforts in public and government relations, highlighting the significant media spotlight on its business model. The company addresses public misconceptions while continuing to foster an environment conducive to the success of its creators.
