Why OnlyFans Is Selling a 60% Stake amid Record $7B Revenue

OnlyFans, the London-based subscription platform, is exploring a major change in its ownership structure. Sources familiar with the matter indicate that the company is in exclusive negotiations with Architect Capital to sell a 60% stake. The proposed deal values the company's equity at $3.5 billion, while the total enterprise value reaches approximately $5.5 billion when including $2 billion in existing debt.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential This potential sale comes as the platform's owner, Leonid Radvinsky, seeks to capitalize on the site's massive growth during the pandemic era. While the company previously targeted a valuation of $8 billion, the current talks reflect a more conservative market assessment as the industry navigates regulatory and financial hurdles. Architect Capital Eyes Future Public Offering Architect Capital, a firm founded in 2020 by James Sagan, specializes in building financial infrastructure and asset-based lending. In a presentation shared with potential investors, the firm expressed confidence in the platform's long-term viability. Sagan noted that there is a large amount of value in providing specialized financial services to the millions of content creators who use the site. Furthermore, Architect Capital reportedly sees a path for OnlyFans to launch an initial public offering (IPO) as early as 2028. This would represent a major milestone for a company that has historically faced difficulties accessing traditional banking and capital markets due to the nature of its content. High Profits Meet Regulatory Scrutiny Despite its reputation, OnlyFans operates as a high-margin technology business. In the 2024 Fiscal year, the company reported $7.2 billion in gross revenue and a pre-tax profit of $684 million. The platform functions by taking a 20% commission on all transactions, with the remaining 80% going directly to creators. However, this success has attracted attention from government bodies. In early 2025, the UK regulator Ofcom fined the company's parent firm, Fenix International Ltd., roughly £1 million for failing to provide accurate data regarding its age-verification systems. These compliance challenges remain a key point of discussion for any potential buyer. OnlyFans Continues to Be a Massive Source of Wealth for its Owner The platform continues to be a massive source of wealth for its owner. Leonid Radvinsky received approximately $701 million in dividends in 2024 alone, bringing his total earnings from the site to over $1.8 billion since 2021. This financial performance is fueled by a rapidly expanding user base. The number of creator accounts grew by 13% last year to 4.6 million, while paying fans reached a global total of 377.5 million. Keily Blair, the CEO of OnlyFans, stated that the platform has successfully expanded into new genres like fitness and food, proving its versatility beyond its original niche. In simple terms, OnlyFans is a money-making machine that most big banks are still afraid to touch. While the site is a household name, its reliance on adult content makes traditional investing and banking complicated. OnlyFans is a private company; instead, investors can track and compare other social media stocks, such as Meta Platforms (META), using the TipRanks Stocks Comparison Tool. Click the image below to learn more.