Hulu Closes in on 1 Million Subscribers, Sees Revenue Doubling to Almost $500 Million

Apr 6, 2011  •  Post A Comment

Hulu is on pace to almost double its revenue to $500 million in 2011 and to increase its subscriber base to more than 1 million, according to a blog post written by Hulu Chief Executive Jason Kilar.

"It is still very early days for online video and our biggest opportunities/challenges are clearly still in front of us,” Kilar wrote. “We’re thankful for–and humbled by–the response we’ve received these past 90 days from our users, advertisers, and content partners."

He added that Hulu’s revenue increased by 90% in the first quarter compared with the year-earlier period, and that Hulu served 50% more advertisers in the first quarter than in the same period in 2010.


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