OnlyFans is a creator platform based out of the UK who has made possible a girl’s dreams come true: an average woman could post her “intimate” pics and videos and charge a monthly subscription for it. You got your 22-year old making $10K a month for her filthy panties on and off videos here.
However, it appears OnlyFans has trouble acquiring outside institutional investors because of its adult content.
OnlyFans is seeking a “strategic partner.”
By the numbers [from Axios editors] :” “Any other company with growth like OnlyFans would be able to raise big money in a matter of minutes.” -Dan Primack
From OnlyFans pitchdeck:
2021 figures are based on run-rate through the end of Q1, while 2022 figures are OnlyFans projections:
Axios got ahold of the pitch deck for OnlyFans. The company had net revenue of $375 million last year and expects $1.2 billion this year. It has paid out $3.2B to its creators life to date. The company makes 20% off every financial transaction. (15/18X) https://t.co/IvHGCCCLFL
— Chris Morris (@MorrisatLarge) August 19, 2021
Gross merchandise value (GMV): 2020: $2.2 billion; 2021: $5.9 billion; 2022: $12.5 billion.
Net revenue: 2020: $375 million; 2021: $1.2 billion; 2022: $2.5 billion.
- Over 50% of OnlyFans revenue in March came from paid subscriptions, while more than 30% came via chats. The rest was a combination of tips/streams and paid posts for free accounts.
Free cash flow: 2020: $150 million; 2021: $620 million; 2022: $1.2 billion.
Total amount paid to creators since inception: $3.2 billion
More than 300 “creators” earn at least $1 million annually. Around 16,000 “creators” earn at least $50,000 annually. More than seven million “fans” spend on OnlyFans each month. It has even more users who only consume free content.”
OnlyFans founder and CEO Tim Stokely says banks were behind the ban on sexually explicit content. “The change in policy, we had no choice — the short answer is banks -FT https://www.ft.com/content/7b8ce71c-a87a-440e-9f3d-58069ca0480b