Fenix International, the UK parent of OnlyFans, distributed £530 million in dividends to a family trust between late 2024 and early 2026. This windfall follows the death of tycoon Leo Radvinsky , leaving sole control of the entity to his widow , Yekaterina Chudnovsky.
The £530 million windfall for Yekaterina Chudnovsky
Fenix International reported revenue of £1.2 billion for the 12 months ending November 2025, according to newly filed accounts. This represents a significant climb from the £1.05 billion earned the previous year. The company's profit before tax also saw an uptick, rising from £513 million to £543 million over the same period.
These profits allowed the company to pay out approximately £530 million in dividends to the family trust that controls the business. Specifically, the accounts show that the trust extracted £400 million in dividends for 2025, with an additional £130 million paid out in the period leading up to March of this year. Yekaterina Chudnovsky, a Florida-based corporate lawyer, now holds sole control of the UK-registered firm following the passing of her husband, Leo Radvinsky, who died of cancer in March at age 43.
How 437 million subscribers fueled a £1.5 billion creator payout
The financial scale of OnlyFans is underpinned by a massive expansion in its user base. As reported in the company's filings, subscriber accounts grew by 60 million in a single year, rising from 377 million in 2024 to 437 million in 2025. This growth has been primarily driven by pornography, which the accounts identify as the platform's main engine for expansion.
This surge in users has directly benefited the platform's more than 5 million creators, which include mainstream celebrities like Cardi B. Total payouts to these content producers rose to £1.5 billion in 2025, an increase from the £1.3 billion distributed the previous year. This indicates that while the owners are extracting hundreds of millions in dividends, the volume of capital flowing to the creators is also scaling rapidly.
From Tim Stokely's 2016 launch to Leo Radvinsky's adult pivot
The current profitability of Fenix International is the result of a strategic pivot that occurred years ago. OnlyFans was originally established in 2016 by British businessman Tim Stokely. However, the platform's trajectory shifted fundamentally in 2019 when Leo Radvinsky, a Ukrainian-American businessman, purchased the site and opened it up to adult content.
This move transformed the site from a general subscription service into a dominant force in the adult entertainment industry. despite the public nature of the business, Radvinsky and Chudnovsky maintained a strictly private personal life. This pattern of discretion continues under Chudnovsky's leadership, as she manages the company from the United States despite Fenix International's UK registration.
The mystery of the Netflix UK licensing deal
One of the most surprising revelations in the recent filings is the licensing of OFTV content to Netflix UK.. The company stated that this arrangement was inetnded to extend the platform's reach to a broader audience, suggesting an attempt to move OnlyFans content into the mainstream streaming ecosystem.
However, the accounts leave several critical points unverified. It remains unclear exactly what specific content or which creators are part of the Netflix UK deal. Furthermore, while the company is registered in the United Kingdom, the filings highlight a disconnect in leadership, as the sole controller, Yekaterina Chudnovsky, is not believed to have any direct links to the UK.
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