Hulu's Annual Revenue Approaches $700 Million
Online video service claims subscriptions have doubled year over year
It's been a good year for Hulu. Despite a lot of noise about a possible IPO and some hand-wringing over whether or not Jason Kilar would keep his post as CEO (there wasn't one, and he did), the company has made quite a bit of money, and it's taking a little time off this week to crow about it.
"In 2012, we will close the year with approximately $695 million in revenue. Hulu’s revenues will have grown over 65 percent, which is an acceleration over 2011 growth levels," posted Kilar on the company blog.
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