Anghami Reports $48.4M H1 Revenue, 97% Subscriber Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
0mins
Should l Buy ANGH?
Source: PRnewswire
- Significant Revenue Growth: Anghami reported $48.4 million in revenue for H1 2025, a 97% year-over-year increase, primarily driven by subscription income rising to $43 million following the OSN+ integration, highlighting its market potential in the MENA region.
- User Base Expansion: As of June 30, 2025, Anghami's paid subscribers grew 97% year-over-year to 3.54 million, with total registered users exceeding 120 million, indicating successful user acquisition amid rising digital entertainment demand.
- Profitability Challenges: Despite substantial revenue growth, Anghami faced a loss of $37.1 million, primarily due to increased investments for OSN+ subscriber acquisition, underscoring profitability pressures during rapid expansion.
- Deepening Strategic Partnerships: The $57 million investment from Warner Bros. Discovery enhances Anghami's content exclusivity, while the collaboration with Talabat is expected to further expand user acquisition channels, driving future growth momentum.
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Analyst Views on ANGH
About ANGH
Anghami Inc is a United Arab Emirates based company that provides digital music entertainment technology platform in the Middle East and North Africa (MENA). The Company has catalog comprising more than 72 million songs and licensed content from Arabic labels, independent artists, and distributors, available for more than 75 million users. The Company also features music from the international labels such as Universal, Sony and Warner. The Company's services are available in English, Arabic and French. It has offices in Beirut, Dubai, Cairo and Riyadh and operates in 16 countries across MENA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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