Friday, August 10, 2018

Hulu Losses Double in Q2 to $357 Million

This isn't surprising at all, it seems like the company loses money every quarter. They'll probably just make you watch more / longer ads.

In Q2, Hulu sustained a loss of about $357 million, double from the prior-year quarter of about $173 million. That’s based on Comcast’s 10-Q filing for the period, which said the streamer’s losses were “primarily due to higher programming and marketing costs.” Disney’s quarterly filing also cited increased content spending along with “labor costs, partially offset by higher subscription and advertising revenue.”