OnlyFans — the internet platform dominated by 'sexfluencers' — isn't seeing a slowdown even as tech slumps. But it's private. Here are 3 high-growth stocks you can buy – Yahoo Finance

Posted under Cibercommunity, Technology On By James Steward

Adult entertainment platform OnlyFans seems to be outperforming the rest of the tech sector. Its number of creators and subscribers both grew in recent months, according to the company’s CEO Amrapali "Ami" Gan.
“We’re not seeing any slowdown,” Gan told Axios.
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OnlyFans launched in 2016, but its popularity exploded during the pandemic, when celebrities and bored average people alike stuck in quarantine started creating their own accounts and pushing content.
But the rise of “sexfluencers,” or content creators who focus on sex and relationships, offers a fun lesson in market dynamics.
Fictional mobster Tony Soprano once said there were only two businesses that were recession-proof: adult entertainment and “our thing.” Turns out he was right. Recessions push more people into criminal activities, according to researchers at the LSE Centre for Economic Performance. They also boost demand for all forms of adult entertainment, including pornography, alcohol, gambling and tobacco.
The phenomenon is so well-understood that investors and researchers even have a term for it: “sin stocks.” Sin stocks like Anheuser-Busch (NYSE:BUD) and British American Tobacco (NYSE:BTI) outperformed the S&P 500 in 2022 by wide margins.
Meanwhile, OnlyFans seems to have avoided much of the pain spreading across the tech sector. The company announced only one minor round of layoffs in 2022, while media giants like Twitter and Netflix lost up to 50% of their workforce.
In fact, OnlyFans is profitable. Since 2020, the platform has delivered at least $500 million in net earnings to its owner, Leonid Radvinsky. Gan says the number of content creators has expanded to 3 million this year. These “sexfluencers” combine sexual content with traditional online influencer models to generate up to $900,000 a month.
Unfortunately, retail investors are missing out on this entertaining growth story as OnlyFans remains a private company. And that’s not likely to change as Gan says the team is “happy being privately held.” However, there are other ways investors can bet on the adult entertainment sector in 2023.
Read more: 4 simple ways to protect your money against white-hot inflation (without being a stock market genius)
RCI Hospitality (NASDAQ:RICK) operates over 40 strip clubs across the country. CEO Eric Langan said the company was “recession-resistant” and that "business is very, very good and we're continuing to run record revenues quarter after quarter.”
Nearly half (45%) of the company’s revenue is derived from alcohol sales, which tend to be marked up in strip clubs. Put simply, the company has pricing power in the midst of a recession and record-high inflation.
In the fourth quarter of 2022, the company reported 29.9% growth in revenue and 71.6% growth in net free cash flow. The stock is up 95.8% since July.
Gaming and Leisure Properties Inc. (NASDAQ: GLPI) is a specialized real estate investment trust that owns 57 casinos across 17 states. These casino properties are occupied by well-known brands such as Penn Entertainment, Caesars Entertainment, Boyd Gaming Corporation, Casino Queen, Bally’s and Cordish Companies.
All contracts are “triple-net” leases which puts the company in a favorable position. GLPI stock is up 8.5% over the past year.It trades at 21 times earnings per share and offers a 5.6% dividend yield.
If you’d rather not pick individual sin stocks, there’s a fund that makes it easier to bet on this phenomenon. AdvisorShares Vice ETF (NYSEARCA: VICE) has over $8.5 million in assets under management and holds sin stocks like Heineken, Monarch Casinos and MGP Ingredients.
The stock is up 6.5% over the past six months.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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