Hulu CEO, Jason Kilar recently announced that the company is expecting revenues to double this year.
While speaking at the NewTeeVeeLive 2010 conference in San Francisco on Wednesday, Kilar said that Hulu is expecting revenue in the tune of around $240 million, which is more than double last years $108 million Hollywood Reporter said.
Hulu, a joint venture between Walt Disney, NewsCorp, NBC Universal and private equity firm Providence Equity Partners, announced only a few months ago that it achieved profitability.
According to Reuters sources, Hulu is expecting to raise between $200 to $300 million in a public offering. Hulu has however declined to comment about a possible public offering.
Hulu is the second largest video web service provider in the US after Google’s YouTube. According to Kilar, Hulu served 30 million users last month and has 235 content partners.
Kilar also claimed that 260 million content stream were consumed on Hulu last month along with 800 million ad streams.