Panic stations were triggered at Hulu last week after the true extent of cash losses were uncovered and projected out for 2018 – making for rather unnerving reading. However, perhaps the simplest way to approach the assessment of these financials is by comparing them to Netflix, which famously took a long time to reach profitability, but today is one the most valuable companies in the world. Hulu made losses of $760 million last year, rising from $531 million in 2016 and forecast to rise to $1.6 billion in 2018, according to BTIG Research analyst Rich Greenfield. BTIG’s projection was made after digesting results from Hulu’s four parent companies Disney, Comcast, 21st Century Fox and Time Warner, where growing losses at…