OnlyFans' 2023 financials were bonkers: Net revenue increased 20% to $1.31 billion, while the company’s pre-tax profit jumped 25% to $658 million. With an average monthly headcount of 42 employees the company made more than +$30m per employee.
Over a 20-year timeframe, Games Workshop Group PLC, results have been superb. Even ignoring dividend incom... See more
The pivot to paid is, in most ways, a positive development in the search for sustainable media models. That’s not to say ad-dependent media is dead, not by a long shot. But too often in the excitement around subs the attention goes to acquisition vs retention. And the latter is where the true health of a subscriptions business is gauged.