LONDON β OnlyFansβ financial records for the fiscal year ending Nov. 30, 2023 were disclosed Thursday as part of a regulatory filing in the U.K., including the estimation that they paid a mean average of nearly $1,300 per creator during that year.
That average number was first noted by entertainment industry trade Variety in a correction to an article about OnlyFansβ continuing success, one of several in mainstream publications.
The Variety story focused on the impressive overall numbers, with OnlyFans reporting βrecord revenue and profits for its 2023 fiscal year β as the number of creators increased 29%, to 4.12 million. Gross payments made through the OnlyFans platform increased by 19% for the year ended Nov. 30, 2023, jumping from $5.55 billion in 2022 to $6.63 billion last year,β according to the U.K. filing by OF parent company Fenix International.
The figures, Variety clarified, βrepresent payments made by OnlyFans users net of applicable sales taxes, refunds and deferred income.β
Based on those figures, Variety reported that OnlyFans creators βearned total payouts of $5.32 billion for the most recent fiscal year, a mean average of nearly $1,300 per creator and a year-over-year increase of 19%.β
The filing also obliquely addressed OnlyFansβ status regarding adult content creators.
βOnlyFansβ mission is to empower content creators to own their full potential by building the safest social media platform and providing unparalleled opportunities to our user community,β the filing stated. βThe media content on OnlyFans.com can only be shared or accessed by registered users who are over 18 years old and who have successfully completed the Creator or Fan onboarding process.β
OnlyFans βcontinues to garner significant media attention due to its novel business model, inclusive content policy and the success of many Creators,β Fenix International wrote, pledging to βcontinue to develop its public and government relations strategy to address misconceptions regarding the Group as reported in the media.β