OnlyFans’ $8 billion sale talks
Update, September 17, 2026: The cited reports do not confirm a completed sale of the whole company at the proposed $8 billion valuation. On May 8, 2026, Variety reported a different transaction: Fenix International’s announced sale of a 16% stake to Architect Capital for $535 million, with a reported company valuation of $3.15 billion. Reuters reported an agreement on those terms, citing The Wall Street Journal, and said the companies had not immediately responded to requests for comment. We have not independently confirmed completion. Separately, FY2024 results showed $7.22 billion in gross fan payments and $1.41 billion in net revenue.
This page covers the sale talks. Ownership-risk scenarios for creators: Why an OnlyFans sale could spell trouble for creators.
Sale talks: May–June 2025
In May and June 2025, reports described acquisition talks that could value OnlyFans’ parent company at about $8 billion (£5.9 billion).
Variety reported on May 23, 2025 that owner Leonid Radvinsky had discussed selling OnlyFans at around that valuation. A group led by US firm Forest Road Company was among the interested parties. The talks were not exclusive and had no announced completion date. OnlyFans and Forest Road declined to comment (Variety (May 23, 2025)).
Forest Road has media and entertainment interests. Its executives had been linked to a 2022 SPAC effort around a possible OnlyFans IPO that did not produce a public listing; Variety’s source said an IPO was not the active plan during these talks.
- May 2025Variety reports ~$8B valuation talks; Forest Road–led group among parties; talks not exclusive.
- June 2025Follower covers those talks — no confirmed consummation.
- May 8, 2026Variety/Reuters report a 16% minority stake to Architect Capital at a $3.15B company valuation ($535M).
The May–June 2025 reports described talks, not an agreed or completed sale of the company.
Financial position (as reported in the 2025 cycle)
According to U.K. filings covered by Variety for the year ended November 30, 2023:
- Gross fan payments about $6.63 billion
- Creator payouts about $5.32 billion
- Net revenue about $1.31 billion (up about 20% year over year)
- Pre-tax profit about $658 million
- About 4.12 million creator accounts and more than 300 million registered fan accounts at year-end
OnlyFans remained best known for sexually explicit material for adults 18+, while also hosting non-adult creators. Creators keep 80% of fan payments under the usual split, per OnlyFans as reported in that coverage.
Ownership and controversy (as reported in 2025)
As of the 2025 sale-talks coverage, Variety reported that Radvinsky was the sole shareholder of Fenix International, the London-based company that owns OnlyFans, and that he bought the site in 2018 from British founder Tim Stokely. Filings covered in that press cycle put his OnlyFans-related dividends from 2021–23 at more than $1 billion.
In 2021, OnlyFans announced a planned prohibition on sexually explicit conduct, then suspended that planned change within days after backlash and what it described as banking-partner assurances. How any change of ownership might affect adult creators was an open question in the 2025 reporting. Timeline: OnlyFans’ 2021 adult-content ban reversal.
On March 27, 2025, UK regulator Ofcom announced a £1.05 million fine against Fenix for failing to provide accurate information in response to statutory requests about age-assurance measures, including the challenge age used with facial age estimation (Ofcom).
What it means for creators
Sale talks do not themselves change the platform’s Terms. Keep backups of your media and consider whether maintaining another audience channel would be useful. Why an OnlyFans sale could spell trouble for creators explores the possible effects of an ownership change.