Hulu Hits $1 Billion In Revenues

Los Angeles-based streaming television site Hulu said Wednesday that it will reach $1 billion in revenue this year, up from the $695M in revenues it had in 2012, and also now has 5 million subscribers on its Hulu Plus premium service, six years after the company's launch in 2008. Hulu disclosed the new numbers in a blog post discussing the company's 2013 results. Hulu also said that mobile and device access is driving Hulu Plus signups, with roughly 50 percent of its subscribers watching content on devices such as the Xbox One, PlayStation 4, Chromecast, Ninetendo 3DS, Windows Phone, in addition to iOS, Samsung, Roku, and other devices.