Hulu revenue grew to $420 million last year

Written by Andre Yoskowitz @ 12 Jan 2012 8:11 User comments (3)

Hulu has posted their results for 2011, and it appears the streaming site's strong growth has continued.

CEO Jason Kilar says revenue grew 60 percent from $240 million to $420 million, although the company had internal projections of $500 million.

Hulu Plus now has over 1.5 million paying subscribers who pay $7.99 per month to have mobile access to Hulu's complete catalog of content. Users can watch back episodes of shows like Family Guy and 30 Rock on hundreds of devices, with minor ads.

More than double the amount of subscribers are signing up per day that were in 2010, adds Kilar.

Additionally, Hulu's content grew 40 percent year-over-year and Hulu Plus' content grew 105 percent in the same period.

Kilar concludes that the company will invest approximately $500 million in content in 2012.

Tags: Hulu Plus Content

<Target to experiment with larger selection of Apple products >Microsoft's extortion continues as company inks another Android licensing deal

3 user comments

112.1.2012 23:20

ivymike

Send private message to this user

Member

420!!!

213.1.2012 12:12

LordRuss

Send private message to this user

Senior Member

Invest $500 mill my ass... Advertisers pay for the whole thing. Just like judicial branches of the government, they always want to bloat the hell out of their gains to the public. I call it the 'bigger dick syndrome'. It's like telling the public the drug bust yielded 4 tons of cocaine instead of the honest 14 ounces that they really got.

They simply can't live with the truth. Why not tell the viewers 'we're doubling our content' or 'doubling our TV series'. No, take a dollar figure spent on last years productions, claim it as yours & then double it.

On top of that, get folks to pay for a subscription like it were cable service, still run ads on the website (yeah I know, not during the shows, but you know they slip them in before & after), pure gravy. It's like watching product placement before the movie at the theater.

Nah, I'll watch Hulu. I just have a different definition of what the "+" service is.

314.1.2012 21:33

buhughjackman

Unverified new user

Back seasons of 30 Rock have completely disappeared from Hulu. In fact, Hulu Plus subscribers can't even watch the show on their mobile devices or TV streaming boxes. Epic fail, NBC. Way to make things worse.

Comments have been disabled for this article.

	YouTube Premium starts showing ads to subscribers (13 Nov 2024 3:09) For years, YouTube Premium has been marketed as a way to enjoy an ad-free YouTube experience. But apparently, that is no longer the case, as Premium subscribers are now starting to see ads on the platform.
	Android 16 will launch sooner than expected (01 Nov 2024 6:45) Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
	Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12) Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution. 2 user comments
	Winamp released its source code - but didn't go open source (25 Sep 2024 12:38) The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
	Does your phone rattle? Here's why it happens (25 Aug 2024 8:30) When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments

	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment
	Guide: Phone battery drains quickly - how to fix (iPhone / Android) In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment

Hulu revenue grew to $420 million last year

3 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.