Streaming catch-up service Hulu have revealed financial details for the year, and they pulled in $1 billion in revenue from an estimated 5 million U.S. subscriber base on the Hulu Plus paid service.
The company owned by a number of top TV networks including NBC and Fox, revealed the details in a statement, from new CEO Mike Hopkins, who said the earnings are up from $695 earned by Hulu Plus in 2012.
He said, “When you think about the fact that Hulu first launched out of beta in 2008, it’s quite an impressive feat to scale the business from zero to $1 billion over the course of just six years.”
Although the numbers may seem impressive, they pale into less significance when compared to rival Netflix. Forbes have a detailed breakdown of the figures and show that Netflix earns as much in a quarter as Hulu does for the whole year. Netflix will also gain as many subscribers in a single year that Hulu have got since launching in 2007 .
The Hulu Plus service costing $8 monthly can be watched on a number of connected devices that includes PC, laptops, smartphones, tablets, consoles and streaming boxes such as Apple TV and Roku.
Hulu revealed that around half of it’s subscribers watch content on portable devices and that the, “living room viewing” accounts for more than half of consumption.