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> there were about 20K active content creators). The average monthly payment was $5000 20k times $5,000 = $100M/month. Still quite impressive.
by simonebrunozzi 5y ago
> there were about 20K active content creators). The average monthly payment was $5000
20k times $5,000 = $100M/month. Still quite impressive.
- deaddodo 5y agoI'm sure their cut was somewhere in the 10-15%. There's no way there was an OnlyFans competitor a few years ago with a 1.2B USD revenue stream and it went without notice (or purchase). OnlyFans just broke a 2B USD GMV after the COVID surge; and, at their 20% cut, that's a $400M per annum revenue stream.
- throwmeawaydddy 5y agoYeah, you're close on the cut (varied from 12.5% to 25% depending on purchase types). The revenue was nowhere near 1.2B. (I wrote the below in another comment, but it's relevant to this comment): Both of the claims in my original comment are correct as stated: * Roughly 20K active creators (VAL_A). * An average monthly payout to creators of $5K (VAL_B). HOWEVER, that does not mean that VAL_A * VAL_B = total monthly payout. The below details are relevant: 1. Not all active creators made money. 2. There was a payout minimum (well, a free payout minimum, which the majority of users waited to reach).
- quenix 5y ago… heavily skewed by the top 5%. So the number is likely way, way lower than $100M (perhaps $8-10M?)
- jtolmar 5y agoIt's an average, so the skew doesn't matter for this. Average = sum / count. Multiply both sides by count. Sum = count * average.
- quenix 5y agoNeat! This does seem algebraically coherent. Unfortunately, it just doesn't make intuitive sense to my lizard brain. Cool trick anyway, thanks for clearing it up!
- andreareina 5y agoIt's the heart of the difference between the two statements: - The average streamer makes $x - Streamers make an average of $y
- scrollaway 5y agoVery beautifully and succinctly summarized. :)
- bongoman37 5y agoWhat do we mean by "average" streamer? Would median be a better term here?
- andreareina 5y agoColloquially, the kind of results you'd expect if someone told you they're a streamer. If you wanted to be more precise then median would work, as would the mode.
- milliondollar 5y agoSorry, whats the difference here? -avg streamer makes $x. Total = $x * # streamers -streamers make an average of $y. Total = $y * # streamers Average is always sum/n?
- ppseafield 5y agoA streamer that is considered average - has an average number of followers and subscribers - could be expected to make about $X. The average income of all streamers (including super popular streamers and streamers with 1 follower) makes is $y. Because the streamers in the top 1% make several orders of magnitude more money, $y is skewed higher than $x.
- deleted 5y ago[deleted]
- throwmeawaydddy 5y agoI felt obligated to reply to this comment, because you're correct at interpreting my intent. I should have been cleared with my numbers considering the audience (HN is a stat-aware place it appears!) Both of my numbers were accurate as stated: * There were 20K~ active creators. * The average monthly payout was $5K. HOWEVER, those numbers are not intended to be calculated together for a total payout valuation (doing that would assume every creator received a payout every month, which was not the case).
- uulbiy 5y agoI think this is not correct. The 20K were the content creators and the payments were from the their subscribers which should be a lot more. Even more impressive!
- throwmeawaydddy 5y agoJust to clarify, those two numbers are both accurate as stated (there were roughly 20K active creators and the average monthly payout was amount 5K). However, those numbers can't be multiplied to get the monthly payout total. 1. A large portion of active creators made $0 per month. 2. There was a free payout minimum (otherwise you were charged a fee), so a lot of smaller creators would get their payouts every few months. The total monthly payout was much less than 100M.