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3mo ago

OnlyFans in Advanced Sale Talks with Forest Road at $8 Billion Valuation

The subscription platform, known for its adult content, is exploring multiple options including a potential IPO, with no deal finalized yet.

Leonid Radvinsky bought OnlyFans in 2019, but is now looking to sell the platform even after it raised his net worth to $3.8 billion
OnlyFans is reportedly in talks for sale at $8 Billion valuation
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A view of the office that serves as the registered address of Fenix International, OnlyFansÕ British parent company, in London, Britain, December 10, 2024. REUTERS/Mina Kim/File Photo

Overview

  • Fenix International, the parent company of OnlyFans, is in advanced discussions to sell the platform to a Forest Road–led investor group at an estimated $8 billion valuation.
  • OnlyFans has also engaged with other potential buyers and is considering an initial public offering (IPO) as an alternative path forward.
  • The platform reported $6.6 billion in gross revenue and $485.5 million in profit for the year ending November 2023, driven by its 4.1 million creators and 305 million users.
  • Owner Leonid Radvinsky, who acquired the company in 2018, has extracted over $1 billion in dividends in the past three years, including $472 million in 2023 alone.
  • The adult-content focus of OnlyFans poses challenges for potential buyers, including reputational risks, regulatory scrutiny, and higher payment processing fees.