OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters. The group is led by the Forest Road Company, a Los Angeles-based investment firm, the sources said. Reuters could not identify the investors in the group.
The investor group and current deal value have not previously been reported.
In the year ended November 2023, the company generated $6.6 billion in revenue, according to a filing with British regulators. That is up from $375 million in 2020, and this rapid growth has attracted investor interest.
Normally “revenue vs profit” would be the missing link here. You make 6 billion, but pay out 5 billion. Total net is 1 billion. Getting 8x your yearly profit for your business is a reasonable price.
With onlyfans, they take a 20% cut, so the numbers above basically line up. They got paid 1.2 billion, and probably spent 200 million on operations as a giant video/media host.
I know that but somehow always read it wrong. Thanks for the correction.