OnlyFans’ $8 billion sale talks: the June 2025 report
By Jessica Sanders · Published · Updated
Update (September 17, 2026): The reports cited here do not establish that the proposed approximately $8 billion whole-company sale closed. Separately, on May 8, 2026, Variety reported that Fenix International announced the sale of a 16% minority stake to Architect Capital for $535 million in a deal that valued the company at $3.15 billion. Those are the reported stake, consideration and company valuation—kept separate; this page does not independently verify completion beyond that reporting. Reuters the same day reported that OnlyFans had agreed to sell a minority stake on those terms, attributing the account to the Wall Street Journal, and said Architect and OnlyFans did not immediately respond to its requests for comment. Fiscal 2024 results (year ended November 30, 2024) showed about $7.22 billion in gross fan payments and $1.41 billion in net revenue (Variety).
This page is the dated sale-talks report. Ownership-risk scenarios for creators: Why an OnlyFans sale could spell trouble for creators.
Original reporting: June 2025
In May–June 2025, OnlyFans’ parent was in acquisition talks that could have valued the company at about $8 billion (£5.9 billion).
Variety (May 23, 2025) confirmed that owner Leonid Radvinsky had engaged in discussions to sell OnlyFans at around that valuation, and that an investor group led by U.S. firm Forest Road Company was among the parties. The talks were not exclusive, and there was no timeline for when a deal might close. OnlyFans and Forest Road declined to comment.
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.
Those 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 meant for creators
A reported sale process is not a Terms change by itself. Until ownership and published rules actually change, keep optionality—movable media and a second platform you can run if you need it. Ownership-risk scenarios: Why an OnlyFans sale could spell trouble for creators.