![[EMEA] 317% CAGR makes OnlyFans one of Europe’s Fastest-Growing Companies](http://globalpayrollassociation.com/cdn/shop/articles/bigstock-Antalya-Turkey--September---460962027_1_1200x.jpg?v=1680004585)
UK-based content creators’ platform OnlyFans, has seen business thrive over the past six years. The platform has more than 170 million registered users and over 1.5 million content creators, making it one of the fastest-growing social media platforms and one of the best-performing companies in Europe, OnlyAccounts.io reports.
Data presented by OnlyAccounts.io reveals that OnlyFans is one of Europe’s fastest-growing companies, with a compound annual growth rate (CAGR) of 317 per cent between 2018 and 2021.
In those six years, OnlyFans has become one of the most financially successful British tech start-ups, over a period when other more mainstream companies have failed.
The platform acts as a marketplace for adult performers, who upload their material and keep 80 per cent of the revenue. OnlyFans keeps the remaining 20 per cent of revenue. The company has reportedly made efforts to claim its platform allows celebrities to monetise their social media following. However, at present, the site’s main attraction remains adult content.
Despite provoking criticism and controversies, OnlyFans has seen its revenues skyrocket in the past two years. According to the seventh annual FT 100 ranking, compiled by Financial Times and Statista, the company sits in a high eleventh place in the 2023 ranking, with a compound annual growth rate of 317 per cent between 2018 and 2021.
The platform was the sixth of eleven UK companies to make it to the latest FT 100 listing. It ranked behind brands including Tripledot Studios, Marshmallow, Silverstream Technologies, Gift& Co, and Onto. In addition, statistics reveal this is the second time OnlyFans ranked on FT 100 listing.
In 2021, the company ranked as Europe’s fourth fastest-growing company, with a CAGR of 393 per cent between 2017 and 2020.
OnlyFans annual revenue surge
The creator or influencer economy has boomed in recent years, enabling individual creators, influencers, podcasters, TikTokers, and YouTubers to make six-figure earnings from their businesses.
As one of the highest-grossing companies in the creator space, OnlyFans exemplifies this growth. In 2017, the company reportedly made just $2.65 million in revenue, according to FT 1000 data. By the end of the following year, this figure had almost quadrupled to $10.6 million.
But it is in the last three years that the platform’s growth has really exploded. In 2020, OnlyFans grossed $316.7 million from its business and the company’s revenue then skyrocketed to $804.8 million in the next twelve months; 300 times more than in 2017.
Source: OnlyAccounts.io
UK-based content creators’ platform OnlyFans, has seen business thrive over the past six years. The platform has more than 170 million registered users and over 1.5 million content creators, making it one of the fastest-growing social media platforms and one of the best-performing companies in Europe, OnlyAccounts.io reports.
Data presented by OnlyAccounts.io reveals that OnlyFans is one of Europe’s fastest-growing companies, with a compound annual growth rate (CAGR) of 317 per cent between 2018 and 2021.
In those six years, OnlyFans has become one of the most financially successful British tech start-ups, over a period when other more mainstream companies have failed.
The platform acts as a marketplace for adult performers, who upload their material and keep 80 per cent of the revenue. OnlyFans keeps the remaining 20 per cent of revenue. The company has reportedly made efforts to claim its platform allows celebrities to monetise their social media following. However, at present, the site’s main attraction remains adult content.
Despite provoking criticism and controversies, OnlyFans has seen its revenues skyrocket in the past two years. According to the seventh annual FT 100 ranking, compiled by Financial Times and Statista, the company sits in a high eleventh place in the 2023 ranking, with a compound annual growth rate of 317 per cent between 2018 and 2021.
The platform was the sixth of eleven UK companies to make it to the latest FT 100 listing. It ranked behind brands including Tripledot Studios, Marshmallow, Silverstream Technologies, Gift& Co, and Onto. In addition, statistics reveal this is the second time OnlyFans ranked on FT 100 listing.
In 2021, the company ranked as Europe’s fourth fastest-growing company, with a CAGR of 393 per cent between 2017 and 2020.
OnlyFans annual revenue surge
The creator or influencer economy has boomed in recent years, enabling individual creators, influencers, podcasters, TikTokers, and YouTubers to make six-figure earnings from their businesses.
As one of the highest-grossing companies in the creator space, OnlyFans exemplifies this growth. In 2017, the company reportedly made just $2.65 million in revenue, according to FT 1000 data. By the end of the following year, this figure had almost quadrupled to $10.6 million.
But it is in the last three years that the platform’s growth has really exploded. In 2020, OnlyFans grossed $316.7 million from its business and the company’s revenue then skyrocketed to $804.8 million in the next twelve months; 300 times more than in 2017.
Source: OnlyAccounts.io