*Since its 2016 debut, OnlyFans has paid out a total of $25 billion to creators, according to CEO Keily Blair.
At the Bloomberg Tech summit in London, Blair discussed empowering users to generate income on the platform via their own creations, according to the Greek Reporter.. Based in London, the service lets users monetize content directly from subscribers through fees and premium items, while retaining 20% of transactions involving photos, clips, and direct chats. It serves as a key revenue channel for content creators in fields like adult media, wellness, artistry, and culinary arts.
The site surged in popularity during the COVID-19 era, when entertainers, public figures, and adult performers turned to it for income amid in-person work restrictions.
Though explicit material drives much of the traffic, Blair explained to Bloomberg TV that the platform extends far beyond it, pointing to growing sections in humor, athletics, and recipes.
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The company keeps pushing for variety by onboarding stand-ups, fitness experts, and artists. That said, sexually oriented posts still lead in performance, highlighting OnlyFans’ distinct role in online monetization.
Reports from Bloomberg indicate possible buyout talks valuing the company at $8 billion. Blair avoided specifics on any deal during the Bloomberg Tech summit but said the coming half-decade will shape its trajectory.
MORE NEWS ON EURWEB.COM: OnlyFans Sees Record $6.6 Billion in 2023 Payments + 29% Creator Increase | WATCH
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