OnlyFans pays owner $500m after spike in userson September 1, 2022 at 8:18 pm

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

The platform, which is known for hosting adult content, has seen users increase since the pandemic.

OnlyFans logoImage source, Getty Images

Content creators on subscription platform OnlyFans made nearly $4bn (£3.47bn) in 2021, the company has revealed.

The platform, which is known for hosting adult content, reported pre-tax profits of $433m last year, up from $61m in 2020.

It comes after OnlyFans saw a spike in users during the pandemic.

However, it has faced criticism for not doing enough to prevent under-age individuals selling explicit content.

The company said it was continually improving its approach to safety and content moderation.

Founded in 2016, OnlyFans has 220 million users and more than two million creators worldwide.

In 2021 it saw a 128% increase in the number of fans using the platform compared to the previous year, and a 34% rise in the number of creators.

Overall, creator earnings were more than double what they were the previous year.

OnlyFans takes a 20% commission on all payments made to its content creators.

Chief executive Amrapali Gan said: “We are empowering creators to monetise their content and have real control over it.”

“We will continue to invest in the creator economy by enhancing safety, developing original OFTV [the firm’s free streaming platform] content, and continuing to grow our community of creators and fans,” she added.

Amripali Gan

Image source, OnlyFans

The site offers a platform for musicians, fitness trainers and celebrities to charge their followers for exclusive tips and visual content.

But it is best known for allowing content creators, including porn stars and sex workers, to charge for sexually explicit photographs and videos.

Last year the company announced that all sexually explicit content would be blocked from the platform, following pressure from banking partners.

But following a backlash from its users, OnlyFans suspended the policy change a week later.

In 2021, a BBC News investigation found children had used fake IDs to set up accounts on the site.

Following the report, the children’s commissioner for England said OnlyFans needed to do more to stop under-age users.

In response to the investigation, OnlyFans said it had closed the accounts and flagged and refunded all active subscriptions.

- Advertisement -

Discover

Sponsor

Latest

Terry Hall: Tributes to The Specials singer who was ‘one of the greats’on December 20, 2022 at 10:36 am

The music world pays tribute to The Specials frontman and how his group soundtracked British life.By Ian YoungsEntertainment & arts reporterThe music world has...

Indian Wells: Andy Murray, Emma Raducanu and Jack Draper win to reach third roundon March 12, 2023 at 7:05 am

British trio Andy Murray, Emma Raducanu and Jack Draper all win on Saturday to reach the third round at Indian Wells.Raducanu, the 2021 US...

Andy Murray through in style in Stuttgart openeron June 7, 2022 at 2:51 pm

Andy Murray advances to the second round of the Boss Open in Stuttgart with a 6-4 6-3 win over Australian qualifier Christopher O'Connell.

COP27: Ukraine a reason to act fast on climate change – Rishi Sunakon November 7, 2022 at 8:38 pm

Rishi Sunak tells the COP27 summit in Egypt a greener planet is possible and there "is room for hope".Image source, Getty ImagesBy Georgina RannardBBC...

The leafy street in Leigh on Sea that 80 sham firms call homeon September 14, 2023 at 2:18 am

Financial crime experts say "burner companies" are "most likely part of a criminal network".Financial crime experts say "burner companies" are "most likely part of...