Welcome to our dedicated page for Anghami news (Ticker: ANGH), a resource for investors and traders seeking the latest updates and insights on Anghami stock.
Anghami Inc. reports developments in MENA digital entertainment, centered on its Anghami music platform, Anghami Plus subscriptions and OSN+ video streaming service. Company news commonly covers annual and interim results, subscriber and engagement trends, subscription revenue, content distribution and the integration of music, podcasts, premium video and live entertainment across the region.
Recurring updates also include strategic partnerships with telecom operators, music labels, film studios, streaming distributors and technology providers for content protection and platform delivery. Corporate news may address financing from OSN-related entities, ordinary-share actions, Nasdaq listing compliance matters and governance changes tied to Anghami's public-company structure.
Anghami reported strong financial growth in 2021, with total revenue rising to $35.5 million (up 16% year-over-year) and gross margin at 25.5%. Subscription revenue reached $25.7 million, boosted by a 43% increase in monthly subscribers. Advertising revenue surged 70% to $9.8 million, with gross margins improving from 38% to 53%. Preliminary Q1 2022 results showed total revenue at $9.3 million, a 23% increase from the previous year, driven by a 26% rise in subscription revenue. Active users grew by 20% to 18.5 million.
Anghami has formed a strategic partnership with TOD to enhance its content offerings, starting this Ramadan. Anghami will stream TOD’s exclusive beIN sports audio content, providing subscribers with one month’s access to TOD’s entertainment content. The collaboration aims to diversify Anghami's portfolio with over 10,000 hours of premium sports and entertainment programming, including football league updates and interviews. Additionally, this partnership supports Anghami's growth trajectory following its recent branding update and a significant deal with megastar Amr Diab.
Rotana Music Holding and Anghami have announced a strategic partnership to distribute original Arabic music on org value="NASDAQ-NMS:ANGH" idsrc="xmltag.org"Anghami. The agreement, signed in Riyadh, allows users to access a vast catalog of music at no charge, enhancing Anghami's library of 72 million songs. This partnership revives a long-standing collaboration that began when Anghami launched in 2012, underscoring both companies' commitment to elevate Arabic content on a global scale. The deal is expected to benefit Rotana's artists and expand Anghami's reach.
Anghami Inc. (NASDAQ: ANGH), the leading music streaming platform in the MENA region, has launched a new brand identity to support its growth, revealed on March 3rd. The campaign, featuring global megastar Amr Diab, aims to empower Arab youth by projecting their voices globally. Anghami claims a 58% market share with 72 million songs and podcasts available. The new features include a microphone option for all Anghami Plus members, allowing users to host their own Live Radio shows. This initiative reflects Anghami's mission to celebrate and amplify Arab culture.
Anghami (NASDAQ: ANGH) has announced an exclusive partnership with renowned Arab artist Amr Diab, making his entire music catalog available for free on its platform. This multi-year agreement will feature releases from Diab's Nay Label and aims to enhance Anghami's offerings in the MENA region. Following Anghami's recent US Nasdaq listing, this deal positions the platform as a leading destination for Arabic music, showcasing Diab’s contributions to the genre. The collaboration signals Anghami's commitment to develop local talent and elevate Arabic culture globally.