London, Aug 25 (IANS): UK-based grownup leisure website OnlyFans has reported that customers spent $5.55 billion in complete within the fiscal 12 months ended November 30, 2022, up 16 per cent from the earlier 12 months, with creators pocketing almost $4.5 billion of that.

According to a regulatory submitting on Thursday by the mother or father agency Fenix International, the corporate generated a pre-tax internet revenue of $525 million for the newest fiscal 12 months, up 21 per cent on an annual foundation, studies Variety.

OnlyFans proprietor Leonid Radvinsky obtained $338 million in dividends for the fiscal 12 months 2022, up 19 per cent from $284 million the earlier 12 months.

According to the submitting, OnlyFans had 3.18 million registered creators as of November 2022, a 47 per cent enhance, whereas the variety of customers elevated 27 per cent to 238.8 million.

“The group anticipates that its commitment to being ‘creator first’ and providing the safest social media platform will provide a strong foundation to continue to drive revenue growth, profitability and brand awareness in the coming years,” the submitting mentioned.

Moreover, the report talked about that OnlyFans creators preserve 80 per cent of the income generated by their accounts, with the corporate taking a 20 per cent share.

OnlyFans’ internet income for the fiscal 12 months 2022 was $1.09 billion, with 67 per cent coming from the US, 15 per cent from Europe and the UK, and 18 per cent coming from the remainder of the world.

In July, the corporate named Keily Blair, beforehand chief technique and operations officer, as CEO, succeeding Mumbai-born Amrapali “Ami” Gan, who had been CEO since December 2021.

OnlyFans was established in 2016. It permits paid subscribers entry personal images, movies, and posts from grownup fashions, celebrities, and social media personalities.