OnlyFans generated $1.4B in revenue and $684M in pre-tax profit in the year to November 2024.
Earlier sale discussions reportedly valued the company around $3.5B excluding debt, or $5.5B including debt, for a much larger stake.
Now Architect is reportedly buying roughly 15%.
This is one of the most profitable creator platforms in the world.
But the buyer pool is limited by adult-content, banking, compliance, and reputational risk.
That is the OnlyFans discount.