It has been reported that OnlyFans, a site that hosts subscription services for creators, reported its users spent a combined total of $5.5 billion ($4.4 billion) during its last fiscal year.

In the last year, 3.1 million creators have monetized their exclusive content through the London-based company.

For the period ending 30 November 2022, the company earned over $1 billion in revenue, according to the Companies House report.

“The OnlyFans group continues to invest in the platform’s scaling and development to better serve the creator community and enhance its best-in-class safety controls,” the Companies House report says.

The company has generated a pre-tax profit of $525 million ($417.1m) and a total profit of $403.7 million ($320.7m).

In 2016, Tim and Guy Stokely founded OnlyFans, which today has 238 million registered users, a 27% increase from 2016, before being sold two years later to Leonid Radvinsky.

According to the annual filings of OnlyFans, Radvinsky earned $338 million in dividends ($268.5 million).

OfTV and the OnlyFans Creative Fund are two of the investments made by the creator platform.