The owner of the single billionaire has quietly placed the SMUT flourishing site for sale-but the London-based company is trying to find a buyer because of its X-value business model, the post has learned.
Leonid Radvinsky, a 40-something computer programmer that bought only in 2019, is reportedly seeking to download the money record platform, three sources close to the situation-thanks to the profits that have pushed its net value to $ 3.8 billion, according to Forbes.
An American citizen who, as a child, emigrated to Agoikago from Odessa, Ukraine, Radvinsky studied economics at Northwestern University and now lives in a pentouse Miami with his wife, according to a source. He reaps a $ 472 million in dividends from the only fiscal year that ended November 2023, according to public data.
This is almost all $ 485 million in profits created that year by the company, which is said to have about 40 employees. From 2021 to 2023, its total payment was broadcast on more than $ 1 billion from the only -fans, Fenix International Ltd., according to the financial records available in the last United Kingdom, cited for the first time by Bloomberg. Radvinsky is the only owner of Fenix.
A single spokeswoman confirmed that the company is on sale.
“Only Fans is a revolutionary platform that continues to guide the creator’s economy. As with every business of this degree it is natural for us to be open to discussions on how we continue to build on our success,” she told the post Wednesday.
Despite their shocking profits, the dirty factor in porn businesses generally limits their price labels to a relatively modest EBITDA three to five times – a closely viewed investment metric, said a source familiar with space.
This will only screw between $ 1.46 billion and $ 2.42 billion-a fierce premium in the porn sector that makes it complicated to find a deep pocket buyer, the underwear said.
“You are looking to find billionaires and try to sell it as not a company with adult content, but just a platform like X that allows adult content,” the source said. “But I think most people now see only FIRE as a company with adult content.”
The General Director General Keily Bler said 59% of the income comes from creators who sell additional services such as salary messages for viewing and direct streams, while 41% come from subscriptions, according to a video published by Wall Street Journal last December.
The company receives a 20% reduction from its 4 million creators, which content 300 million subscribers. The site is not in app stores, so no income is shared with Apple or Google. Two -thirds of its revenue are generated by US clients, $ 863 million of $ 1.3 billion, according to the UK appearance.
Other sites of adult content sold in recent years have failed to arouse great interest in investors. Pornhub – the 19st most visited website in the world, by similarity – was on the market for about three years before finally found a buyer in 2023, the source of industry said.
An ethical, ethical capital firm Capital Partners was formed by investors who wanted to remain anonymous before the agreement was completed. Neither the ethical capital nor the former owner of Pornhub, Mindgeek revealed the final price, but the industry source said he knew it fell well for $ 1 billion.
Other private capital firms were not interested in pornhub because most raise money from state pensions and other investors who are not allowed to own increased content companies, and media businesses did not want porn coloring, the source added.
Playboy released in public in 2021 with the listed control company Mountain Crest Acquisition Corp. Plby Group traded at $ 1.47 on Wednesday, a $ 138 million market cap. At its peak in the 1970s, the company founded by Hugh Hefner was worth $ 200m, about $ 1.6 billion when it was regulated for inflation.
Visa and MasterCard in 2021 and 2022 interrupted payments on Pornhub on charges of illegal content as video of children’s sex abuse. Pornhub then closed Pornub Premium and turned more into ads for its free site.
Credit card companies charge more than a 10% rate for adult content sites to process transactions, but so far has loaded less to the only -phase, the industry source said.
Bleri had told the diary that the company was working hard to hit minors or being creators or clients.
“Absolutely there is a risk associated with [our business] But there is often the same risk related to general social media platforms as there are only with seed, “she said.
Radvinsky bought only the only Stokely and his family, who started the site in 2016 as an outlet for musicians and influencers. A year later he raised his detention for pornography and the company rose.
Only the Faiths exploded during the Covid pandemic. In 2021, Radvinsky briefly banned the clear sexual content after receiving pressure from financial institutions that did not want to process credit card payments. He returned the course later.
Only Fans are based on section 230 of the Law on Location of Communication to legally protect itself from the content generated by its 4 million creators who claim it is not responsible for the videos it does not produce.
“The success of success was reliable credibility,” the industry source said.
But now the question is to do not know what the creators are doing is deliberate ignorance that may not be protected by law, the source of the industry said.
“Pressure on the industry to monitor their sites is deteriorating and deteriorating,” the industry source said.
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