Hulu revenue up to $695M; 3 million subscribers

Dec 17, 2012

(AP)—Online video service Hulu says revenue this year will grow about 65 percent to $695 million.

Hulu says it has more than doubled the number of subscribers who pay $8 a month for Hulu Plus. The figure now exceeds 3 million. Hulu Plus gives users a broader selection of back episodes and access over mobile devices, and Internet-connected TVs. Both free and paid versions of Hulu come with ads.

In a blog post, Hulu CEO Jason Kilar said Monday that the service has spent $500 million on content this year, boosting the number of titles it offers by 40 percent. Hulu also debuted its first scripted original series, "Battleground," this year.

is owned by the parent companies of broadcasters ABC, NBC and Fox.

Explore further: Apple, Samsung lose ground in cooling tablet market

More information: Hulu blog post: blog.hulu.com/2012/12/17/a-big-2012

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Hulu to launch first original scripted show

Jan 16, 2012

(AP) -- Hulu will broadcast its first original scripted series next month, a political comedy that will debut during the real-life Republican presidential primary.

Hulu mulls putting itself up for sale

Jun 22, 2011

(AP) -- Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, people familiar with the matter said Tuesday.

No IPO for Hulu for now: report

Dec 21, 2010

US online video entertainment site Hulu has decided not to go public for now and may examine other financing options, The Wall Street Journal reported late Monday.

Recommended for you

Nokia profits rise after sale of handset division

10 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

12 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

23 hours ago

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Facebook 2Q earnings, revenue soar (Update)

23 hours ago

(AP)—Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

User comments : 0