OnlyFans owner Fenix made $715m profit with 47 staff

Fenix International, the London company that runs OnlyFans, reported pre-tax profit of $715 million in its most recent accounts, a 5 per cent increase on 2024.

Revenue for the year to 30 November 2025 rose 10 per cent to close to $1.6 billion.

The filing shows an average headcount of 47.

That is roughly $34 million of revenue for every person on the payroll. The company also works with about 1,500 outside content moderators, who are not on it.

The arithmetic is the whole model. The cost of making the product sits with the creators; the cost of policing it sits largely with contractors.

The site says more than 2.5 million creators use it and that 132 million accounts are active. Fenix takes a cut of what they earn. Its biggest market is the United States, followed by the UK and continental Europe.

Leonid Radvinsky, who owned the business, took $535 million in dividends during the 2025 financial year and a further $174 million after the year end. He was paid $497 million the year before. The payments were first reported by the Financial Times.

Radvinsky, a Ukrainian-American entrepreneur who bought OnlyFans from its British founder in 2018, died of cancer in March at the age of 43. His wife, Yekaterina Chudnovsky, took control of the company.

The dividends were paid during a sale process that has not produced an exit. In January, Radvinsky tried to sell 60 per cent of the business for $8 billion and found no buyer.

He was in talks with Architect Capital, an American firm, over a deal valuing the company at $3.5 billion when he died. In May, Architect agreed instead to buy 16 per cent at a valuation of $3.15 billion, the lower figure reflecting that it would no longer take control.

The regulatory record is worth a founder's attention for one specific reason. Ofcom opened an investigation in May 2024 into whether OnlyFans was letting children see pornography, and closed it in March last year without a finding on that question.

It still fined Fenix £1.05 million. The company had told Ofcom the challenge age on its facial age estimation technology was set at 23, when it had been set at 20 since November 2021. The penalty included a 30 per cent reduction for settling and for self-reporting the error.

The fine was for the answer, not for the conduct being asked about. Any company that files information with a regulator can be penalised for getting the filing wrong, whatever the investigation concludes.

OnlyFans was founded in 2016 by Tim Stokely with a £10,000 loan from his father, who went on to work as head of finance; his brother Thomas became chief operating officer. The site lifted its ban on pornography in 2017, and Stokely stood down as chief executive in 2021.

Ofcom still treats OnlyFans as an adult site, despite the company's push into content from celebrities and sports stars.

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