Anghami Reports Full Year 2021 Financial Results With Total Revenue of $35.5 Mn, Up 16% Year-Over-Year, and Preliminary Q1 2022 Revenue of $9.3 Mn Up 23%
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Tuesday, May 17, 2022
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Subscription revenue also increased due to a focus on monthly subscriptions1, which grew by 47% year-over-year to 1.2 million users in 2021.
Key Points:
- Subscription revenue also increased due to a focus on monthly subscriptions1, which grew by 47% year-over-year to 1.2 million users in 2021.
- By March 2022, Amr Diab had recorded a 21% increase in the streaming market share on Anghami.
- Preliminary unaudited total revenue for the first quarter of 2022 of $9.3 million, an increase of 23% year-over-year compared to the Q2 2021.
- We are confident that this positive development will continue through 2022 as we benefit from our growing partnerships and offerings.