Anghami (ANGH)

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Anghami (ANGH) - 2024 Q4 - Annual Report
2025-04-30 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Anghami Secures Significant Investment from OSN Group
Prnewswire· 2024-12-16 14:01
Core Insights - Anghami Inc. has secured up to $55 million in funding from OSN Group, with an initial investment of $12 million in a convertible note program, marking a significant milestone in its digital entertainment journey in the MENA region [1][2] Group 1: Partnership and Growth - The partnership between OSN and Anghami, initiated in April 2024, has combined OSN+'s premium video streaming capabilities with Anghami's extensive audio portfolio, resulting in a 41% growth in video streaming subscribers from April to October 2024 [2][5] - Enhancements to the OSN+ platform, including the launch of a new 4K Premium Plan with Dolby Atmos and Dolby Vision, have led to increased user engagement and time spent on the platform [2][5] - The investment aims to accelerate growth, expand content libraries, and enhance user experiences through advanced technologies, including AI-driven personalization [2][3] Group 2: Company Overview - Anghami is the leading multimedia technology streaming platform in the MENA region, offering a wide range of premium video, music, podcasts, and live entertainment [4][6] - The company boasts over 120 million registered users and 3.5 million paid subscribers, having partnered with 47 telecommunications companies across MENA to facilitate customer acquisition [6] - Anghami operates in 16 countries within the MENA region, with its headquarters in Abu Dhabi and offices in major cities like Beirut, Dubai, Cairo, and Riyadh [6]
Anghami Delivers Strong Growth Across Video and Music Service in 2024 with 28% growth in streaming engagement
Prnewswire· 2024-11-14 13:13
ABU DHABI, UAE, Nov. 14, 2024 /PRNewswire/ -- Anghami (NASDAQ: ANGH), the leading multi-media streaming platform in the MENA region, announced substantial growth in user engagement and significant operational achievements, reinforcing its position as the region's premier entertainment destination.Strong Performance Metrics and Operational ExcellenceAnghami has achieved significant cost synergies, while simultaneously driving an 18% increase in Average Revenue Per User (ARPU) on the direct base. Video stream ...
Anghami Reports 18.3% Subscriber Growth and Strategic Milestones Following OSN+ Transaction
Prnewswire· 2024-09-04 11:13
ABU DHABI, UAE, Sept. 4, 2024 /PRNewswire/ -- Anghami (NASDAQ: ANGH), the leading multi-media streaming platform in the MENA region, announced a 18.3% growth in its video streaming subscriber base and significant strategic developments following its recent transaction with OSN+.Substantial Subscriber Growth and Premium AdoptionSince the transaction, Anghami's video streaming user base grew by 18.3% as of the end of July 2024, with the recent premiere of "House of the Dragons" Season 2 serving as a key catal ...
Anghami (ANGH) - 2023 Q4 - Annual Report
2024-04-29 20:30
Subscriber Growth - Premium subscribers grew by 18%, reaching 1.87 million as of March 31, 2024[1] - Anghami's user base exceeds 120 million registered users and 2.5 million paid subscribers[7] Revenue and Financial Performance - Total revenues increased by 8%, primarily driven by a 27% growth in subscription revenue[2] - Gross margin improved from 20% to 26%[1] - Operating loss reduced from $5.4 million to $2.7 million, indicating progress towards profitability[2] - The company anticipates significant revenue growth following the OSN+ transaction[4] Strategic Partnerships and Transactions - Anghami completed a significant transaction with OSN+, receiving a cash investment of $38 million and integrating video streaming services[3] - The company has established partnerships with 47 telcos across MENA, facilitating customer acquisition and subscription payments[7] Marketing and Events - The company executed a successful concert with Amr Diab, generating substantial regional excitement and media buzz[3] - Anghami's core subscription business continues to grow despite challenges, supported by a rapidly expanding advertising and production segment[5]
Anghami (ANGH) - 2023 Q4 - Annual Report
2024-04-29 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value $0.0001 per share ANGH The Nasdaq Stock Market LLC Warrants exercisable to purchase Ordinary Shares ANGHW The Nasdaq Stock Market LLC FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
Anghami and OSN+ Successfully Complete Milestone Transaction, Creating an Entertainment Powerhouse
Prnewswire· 2024-04-02 06:30
The transaction has received all required regulatory approvals for successful closure OSN Group's investment in Anghami gives it a majority stake at a valuation of $3.69 per shareABU DHABI, UAE, April 2, 2024 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals. Anghami a ...
Anghami and Rotana Renew Partnership and Expand Scope of Collaborations
Businesswire· 2024-03-12 13:53
Left to right: Kamil Abi Khalil (Head of Production at Anghami), Ahmed Al Rasheed (KSA Manager at Anghami), Salem al-Hindi (CEO of Rotana Music), Eddy Maroun (Co-Founder & CEO of Anghami), and Firas Khashman ( Deputy CEO at Rotana Music) (Photo: AETOSWire)Left to right: Kamil Abi Khalil (Head of Production at Anghami), Ahmed Al Rasheed (KSA Manager at Anghami), Salem al-Hindi (CEO of Rotana Music), Eddy Maroun (Co-Founder & CEO of Anghami), and Firas Khashman ( Deputy CEO at Rotana Music) (Photo: AETOSWire) ...
Anghami (ANGH) - 2022 Q4 - Annual Report
2023-05-16 20:59
User Base and Engagement - As of December 31, 2022, Anghami has over 121 million registered users, 1.52 million paid subscribers, and 18.8 million active users, with more than 11.6 billion streams annually[213]. - The number of aggregate monthly subscribers increased from 595,980 in January 2019 to 1,521,472 in December 2022, reflecting consistent growth in the Premium user base[275]. - Active users increased from 18.2 million in 2021 to 18.8 million in 2022, despite economic challenges in Egypt and Lebanon[383]. - The Premium service offers unlimited online and offline high-quality streaming and download access, enhancing user experience and engagement[273]. - The churn rate for monthly paying subscribers decreased from 7.7% in January 2019 to 6.1% in December 2022, indicating improved subscriber retention[275]. Revenue and Financial Performance - The overall consolidated revenue for Anghami reached $48.5 million, an increase of $12.9 million or 36.6% compared to 2021[410]. - Revenue from subscriptions reached $27.1 million in 2022, a 5.4% increase from 2021, comprising 56% of total revenue[396][397]. - Advertisement revenue surged by 22.5% to $12.1 million in 2022, accounting for approximately 25% of total revenue[398]. - Revenue from live events was $9.4 million in 2022, marking a 100% increase as it was not present in 2021[396]. - Premium subscriptions generated 56% of total revenues in fiscal year 2022, while advertisement revenue contributed 25% and live events accounted for 19%[271]. Market Growth and Opportunities - The MENA region's recorded music revenue grew by 23.8% in 2022, with streaming accounting for 95.5% of music consumption, the highest rate globally[227]. - The music streaming market in the MENA region is projected to grow at a CAGR of 9.5%, from $1.5 billion in 2019 to $3.2 billion by 2027[228]. - Music streaming penetration in Saudi Arabia is only approximately 6% of the addressable market, indicating significant growth potential[253]. - The podcast segment is expected to grow significantly, with global podcast listeners projected to reach 504 million by 2024, presenting a growth opportunity for the company[296]. Content and Partnerships - Anghami's Arabic music catalog includes approximately 894,000 songs, with Arabic content accounting for 58% of total streams in 2022, indicating significant growth potential[235]. - Anghami has established strategic relationships with 42 telecommunications companies across the MENA region to enhance user acquisition and subscription conversion rates[215]. - Anghami has established partnerships with major music labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group, as well as thousands of independent labels[352]. - Anghami signed an exclusive agreement with Amr Diab, the largest Arab artist in MENA, to stream existing content and create new exclusive content over the next three years[237]. - The company created over 150 original Arabic songs since 2018, achieving a 59% ROI on production costs, highlighting a focus on local content[392]. Advertising and Marketing Strategies - Anghami's advertising solutions include audio ads, video ads, and display ads, with a new pricing scheme based on streams delivered rather than impressions, aimed at increasing advertising revenue[306][308]. - The company provides content promotion offerings, allowing brands to sponsor playlists and promote their music content for increased visibility[309]. - Anghami utilizes data analytics for digital marketing, optimizing campaign performance and budget allocation based on user behavior[314]. - The company capitalized 2.3% of engineering salaries related to product development in 2022, a decrease from 24% in 2021, reflecting a shift in focus on operational expenses[375]. Cost Structure and Financial Management - Licensing costs, which account for 47% of total revenue (excluding live events), are a major part of variable costs due to royalty payments to music labels[282]. - Total expenses increased by $12.7 million or 47.9% year-on-year, reaching $39.1 million for the year ended December 31, 2022[401]. - Content acquisition and royalty costs rose by $1.2 million or 7.6% due to the addition of Rotana's catalogue and a $10 million exclusivity deal with Amr Diab[402]. - Monthly variable technology costs averaged $316,293 in 2022, with a strategic focus on optimizing the platform's backend code for long-term efficiency[289]. Strategic Initiatives and Innovations - Anghami aims to leverage live events to create synergies between online and offline experiences, increasing user engagement and potential revenue[268]. - The partnership with Addmind to launch Anghami Lab generated revenue of $4,498,779 in 2022, establishing innovative entertainment venues in Saudi Arabia[266]. - Anghami's Radar feature allows users to identify and add songs playing around them to a special playlist, enhancing music discovery[297]. - The company plans to launch a new offering in May 2023 with innovative features to attract new users[262]. Organizational Changes and Workforce Management - The company downsized its workforce by 22% in 2022 as part of cost-cutting measures[345]. - Anghami's organizational structure includes multiple subsidiaries across the MENA region and the UK, with a focus on an asset-light business model[346][347].