OnlyFans paid $709 million in dividends to owner Leonid Radvinsky prior to his death

Financial results and payouts

Filings by Fenix International Ltd, the British parent company of OnlyFans, show that its majority owner Leonid Radvinsky received more than $700 million in dividends in the months leading to his death. For the financial year ending 30 November 2025, the platform generated $1.6 billion in revenue, an increase of 10% compared to 2024. Profit before tax rose 5% to $714 million, while profit after tax exceeded $521 million.

The company distributed $535 million in dividends to Radvinsky for the 2025 fiscal year. Between 30 November 2025 and 26 March 2026, Fenix International paid an additional $174 million in distributions, bringing the total pre-death payout to $709 million (around £520 million). These payments followed nearly $1 billion in dividends collected by Radvinsky during the two-year period ending in November 2024.

Business model and lean workforce

OnlyFans operates with a workforce of 47 direct employees, an unusually low headcount for a business generating hundreds of millions of dollars in net income. By comparison, British retailer Marks and Spencer employs over 65,000 workers to produce comparable pre-tax earnings (£671 million). To manage platform operations and compliance, the company contracts with approximately 1,500 external content moderators.

The platform's financial structure relies on hosting user-generated subscriptions, direct messaging, live streams, and paid custom media requests. OnlyFans retains a 20% commission on all transactions, distributing the remaining 80% to content creators. In 2025, active paying fan accounts reached 132 million, while active creators numbered 2.5 million. The platform paid $6.2 billion to creators during the 2025 fiscal year, bringing cumulative creator payouts to more than $30 billion since its launch in 2016. The United States remains the largest market for OnlyFans, followed by the United Kingdom and continental Europe.

Ownership transition to family trust

Radvinsky, a Ukrainian-born entrepreneur raised in the United States, acquired a 75% stake in OnlyFans from its British founders in 2018. He died of cancer at age 43 on 23 March 2026. Following his death, ownership of the company passed to a family trust managed by his widow, Yekaterina "Katie" Chudnovsky.

Prior to Radvinsky's death, the family trust completed the sale of a 16% equity stake in the company to US investment firm Architect Capital. That transaction established an enterprise valuation of $3.2 billion for OnlyFans.

Regulatory scrutiny in Europe

The expansion of OnlyFans has prompted regulatory interventions and legislative proposals across European jurisdictions. In 2024, British communications regulator Ofcom investigated whether underage users were accessing explicit adult material on the platform. While Ofcom dropped the primary inquiry after the company cited technical defects, it issued a fine of approximately £1 million to Fenix International for failing to provide accurate information regarding its age-verification systems.

In France, lawmakers in the Senate introduced a bill in February 2026 seeking to ban the purchase of personalized virtual sexual services and penalize commercial management agencies that exploit adult content creators on digital platforms. A BBC Three documentary also reported allegations of exploitation, coercion, and violence against performers on the platform.