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"Hulu is projected to hit the $1 billion revenue mark in 2013, a first for the company, CEO Mike Hopkins wrote in a blog post on Wednesday. \nThe company relies on a mix of advertising and subscribers for its income, both of which have continued to climb, according to Hulu. The company broke through 5 million paid subscriptions earlier in 2013 and now counts more than 1,000 advertisers on its site. \nSee also: 6 Great Alternatives to Netflix\nTo put these numbers in perspective, Netflix revenue for the third quarter alone came in at $1.1 billion, although its streaming service does not offer any free content or show ads. While smaller than Netflix, Hulu's revenue is growing at a fast pace: The company's revenue in 2012 was $695 million, meaning revenue increased by 44% year-over-year.\nThe company did not disclose any costs, meaning it's not possible to determine how much \u2014 if any \u2014 profit the company has turned.\nHave something to add to this story? Share it in the comments. \nImage: Michael Kovac/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/12/18/hulu-revenue-2013/>