The British grownup subscription platform OnlyFans has had an enormous bounce in revenues this yr, raking in additional than £805m as customers flocked to the location for its novice pornographic content material.
Recording pre-tax earnings of £374m, OnlyFans had its most important yearly development up to now in 2021.
The firm’s revenues elevated by 160% from £309m to £805m over the yr, as the location’s recognition soared all through the pandemic.
Sex employees are capable of publish footage and movies to the platform and customers pay a direct subscription price to the creator, with OnlyFans taking a 20% fee price.
Performers on the location have earned greater than £6.92bn since 2016, in accordance with the corporate.
“Our creator-first approach to building the world’s safest social media platform propelled OnlyFans to a record-breaking 2021,” Amrapali Gan, its chief government, mentioned.
“We will proceed to put money into the creator economic system by enhancing security, creating unique OFTV content material, and persevering with to develop our neighborhood of creators and followers.”
In its monetary filings, the corporate boasted of how a lot cash it had paid in taxes: as of final month, HM Revenue & Customs had acquired greater than £147m from OnlyFans.
The firm paid £76m in UK company tax on world revenues prior to now yr alone.
OnlyFans was based by the British entrepreneur Tim Stokely in Essex in 2016. Subscribers have rocketed lately, rising from 82 million in 2020 to 187 million final yr.
“OnlyFans improved its business processes and gained market share, as reflected by our pivotal and record setting results across our business,” Lee Taylor, its chief monetary officer, mentioned.
“This business growth enables us to continue investing in the platform and in operations to ensure we provide our community with the safest social media site.”
A yr in the past, the corporate shocked the market when it introduced that it might ban all specific grownup content material.
The change was in response to strain from fee suppliers, which threatened to chop the corporate off over probably unlawful content material on the location.
But the corporate introduced every week later that it was reversing its choice.
OnlyFans mentioned it had “secured assurances necessary to support our diverse creator community and [had] suspended the planned October 1 policy change”.
In current years, the corporate has tried to current itself as extra mainstream, highlighting the musicians and comedians who additionally use the platform to receives a commission and work together immediately with followers.
The firm has but to reveal any figures associated to this facet of its enterprise.
Source: information.sky.com”