Associated tags: Music, Ecosystem, Human, MENA, Merlin Network, Sony Music, Catalog, Warner Music Group, Universal Music Group, Anghami, Entertainment, COVID-19, International, Form, File sharing, Mobile Entertainment, Video game, Telco, Online, Entrepreneurship, TV and Radio, Inc.
Locations: UNITED STATES, DUBAI, AFRICA, TURKEY, BAHRAIN, IRAN, IRAQ, JORDAN, KUWAIT, LEBANON, OMAN, PALESTINE, QATAR, SAUDI ARABIA, SYRIA, UNITED ARAB EMIRATES, YEMEN, ALGERIA, EGYPT, LIBYA, MOROCCO, SUDAN, TUNISIA, WESTERN SAHARA, UNITED STATES OF AMERICA, CANADA, ABU, MIDDLE EAST
Entertainment,
TV and Radio,
General Entertainment,
Online,
Music,
Podcast,
Licensing (Entertainment),
Inc.,
Partnership,
Trust,
Arab world,
KSA,
GCC,
Creativity,
Multimedia,
Rotana Mousica This commitment paves the way for an expanded array of releases and collaborations across various content over the next three years.
Key Points:
- This commitment paves the way for an expanded array of releases and collaborations across various content over the next three years.
- Commenting on the announcement, Eddy Maroun, Co-Founder & CEO of Anghami, said: "We are excited to renew and broaden our partnership with Rotana, reaffirming our dedication to offering users content and experiences.
- In addition to granting Anghami access to Rotana's extensive Arabic music catalog, the partnership will witness collaborative efforts including live concerts and artist collaborations, available on Anghami.
- We are all confident that what is coming between Rotana and Anghami will help expand our presence by delivering Rotana music to listeners worldwide.”
With this expanded partnership, Anghami and Rotana are set to redefine the music scene in the Arab world, offering fans in the MENA region an unmatched selection of content and live experiences.
Retrieved on:
Tuesday, December 26, 2023
Marketing,
Music,
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Collection,
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City,
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Gross income ABU DHABI, UAE, Dec. 26, 2023 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary results for the third quarter of 2023, the 9-month period ending September 30, 2023, highlighting significant growth, cost reductions and strategic developments.
Key Points:
- Anghami signed a milestone transaction in which OSN Group will contribute its video streaming platform (OSN+) and will invest up to $50 million in cash in Anghami:.
- Amr Diab's highly anticipated "Makanak" album to debut exclusively on Anghami on December 28, 2023, accompanied by a Live Concert Tour.
- On August 7, 2023, Anghami introduced a new subscription plan, Anghami Gold, its highest subscription tier to date.
- The strategic investments from OSN Group and SRMG are poised to significantly accelerate Anghami's expansion in high ARPU markets within the GCC, where OSN Group and SRMG have a strong foothold.
Retrieved on:
Tuesday, December 26, 2023
Marketing,
Music,
Ecosystem,
OSN,
HBO,
Collection,
Vodafone,
City,
Y/Y,
EGP,
AI,
ARPU,
Advertising,
Growth,
GCC,
Gross income ABU DHABI, UAE, Dec. 26, 2023 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary results for the third quarter of 2023, the 9-month period ending September 30, 2023, highlighting significant growth, cost reductions and strategic developments.
Key Points:
- Anghami signed a milestone transaction in which OSN Group will contribute its video streaming platform (OSN+) and will invest up to $50 million in cash in Anghami:.
- Amr Diab's highly anticipated "Makanak" album to debut exclusively on Anghami on December 28, 2023, accompanied by a Live Concert Tour.
- On August 7, 2023, Anghami introduced a new subscription plan, Anghami Gold, its highest subscription tier to date.
- The strategic investments from OSN Group and SRMG are poised to significantly accelerate Anghami's expansion in high ARPU markets within the GCC, where OSN Group and SRMG have a strong foothold.
Technology,
Entertainment,
Carriers and Services,
Online,
Mobile Entertainment,
Audio,
Video,
Software,
Internet,
Music,
Inc.,
Anghami,
Face,
Marketing,
Multimedia,
Sacredness,
ARPU,
Advertising,
Average revenue per user,
Live,
Gold,
Growth,
WITH,
Development,
MENA,
Annual report,
Cryptocurrency,
Retail,
Mobile phone,
EBITDA Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230517005484/en/
ANGHAMI FILES 2022 ANNUAL REPORT, WITH 37% REVENUE GROWTH.
- ANNOUNCES Q1 2023 RESULTS: EXCEPTIONAL EFFICIENCY WITH 60% EBITDA IMPROVEMENT, 43% GROSS PROFIT GROWTH, 6% REVENUE GROWTH COMPARED TO Q1 2022 (Graphic: AETOSWire)
Despite facing currency-related challenges in Egypt and Lebanon, Anghami successfully achieved a Q1 2023 unaudited revenue of $10.2 million, representing a 6% increase compared to Q1 2022.
- Revenue from the advertisements segment also grew 10% in Q1 2023 compared to Q1 2022, a 32% increase when Q1 2022 advertisements revenue is adjusted for non-cash barter revenue.
- Building on Q1 2023’s strong performance, the momentum continues in April 2023 which already shows record growth in revenue in both Subscriptions and Advertisements segments."
Technology,
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Music,
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Record,
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Motorcycle Consumer News,
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First,
Algorithm,
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Sport,
AI,
MENA,
News,
Medical device,
Anghami The platform is also releasing its first ever daily news podcast - Anghami AI Newsroom - generated solely by AI.
Key Points:
- The platform is also releasing its first ever daily news podcast - Anghami AI Newsroom - generated solely by AI.
- Anghami's AI then crafts a podcast specifically tailored to their interests, providing a unique and unparalleled experience - a significant shift in how we receive daily updates.
- Launching today, Anghami AI Newsroom is a groundbreaking daily news podcast produced solely by Artificial Intelligence, without human intervention.
- This is a testament to our ongoing commitment to innovation and delivering exceptional user experiences,” said Elie Habib, Co-Founder of Anghami.
The Nestlé Cereal Metaclub invites fans to experience unique digital attractions in an immersive virtual world.
Key Points:
- The Nestlé Cereal Metaclub invites fans to experience unique digital attractions in an immersive virtual world.
- A dedicated corner aims to support the Rainforest Alliance in raising awareness for their sustainability projects and encouraging donations.
- Anghami's exclusive partnership with Nestlé provides access to special playlists and complimentary subscriptions.
- To enter the Nestlé Cereals Metaclub , users can simply choose their favorite avatar and start exploring the space.
Software,
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Music,
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Atlantis The Palm, Dubai,
Sony Music,
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Anghami,
Video game Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230307005846/en/
Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023 (Graphic: AETOSWire)
Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared to 2021, despite an unfavorable impact of foreign currency exchange rates.
- Anghami also experienced a growth in its total paying subscribers, reaching 1.52 million subscribers, representing a 21% increase year-on-year.
- Anghami's focus on efficiency and profitability in the second half of 2022 resulted in a significant improvement in gross margin across all business segments.
- Anghami aims to achieve profitability in 2023 by building on the momentum of efficiency, as reflected in its improvement in gross margins.
Retrieved on:
Monday, November 21, 2022
Destinations,
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Music,
Mobile Entertainment,
Food,
Beverage,
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Warner Music Group,
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Dallal Merwa Achour,
Anghami Key Points:
- View the full release here: https://www.businesswire.com/news/home/20221121005525/en/
Anghami Lab Opens in Boulevard Riyadh City, Bringing a Whole New Experience to the Citys Buzzing Music and Social Scene (Photo: Business Wire)
A rooftop with a twist, Anghami Lab is a partnership between Anghami and Addmind, the regions market leader in hospitality.
- We hope our first-of-its-kind entertainment destination mirrors the unique experience Anghami fans get from the app.
- We believe Anghami Lab is a true reflection of the exciting, vibrant, and modern face of Riyadh.
- Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Retrieved on:
Tuesday, November 15, 2022
Consumer Electronics,
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Anghami,
ARPU Anghami Inc. (NASDAQ: ANGH) (the Company or Anghami), the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary unaudited results for Q3 2022 ended September 30, 2022.
Key Points:
- Anghami Inc. (NASDAQ: ANGH) (the Company or Anghami), the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary unaudited results for Q3 2022 ended September 30, 2022.
- View the full release here: https://www.businesswire.com/news/home/20221115005925/en/
ANGHAMI REPORTS PRELIMINARY Q3 2022 UNAUDITED RESULTS WITH 29% Y-O-Y REVENUE GROWTH AND GROSS PROFIT INCREASE (Graphic: Business Wire)
Subscription revenue in Q3 2022 increased 27% quarter-over-quarter, which is in line with Anghami's total revenue growth, which also increased 29% year-over-year from $24.5 million to $31.7 million.
- "I am proud to report that we grew our Q3 2022 gross profit by 13% quarter-over-quarter, driven by an 8% increase in ARPU.
- Sustained focus on profitability required tough measures such as a 22% reduction in headcount and 19% savings in cloud computing costs - despite a 15% increase in music traffic in Q3 2022.
Mobile,
Wireless,
Online,
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Internet,
Mobile Entertainment,
Consumer Electronics,
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Applications,
Technology,
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Merlin Network,
Universal Music Group,
U.S. Securities and Exchange Commission,
Human voice,
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Sony Music,
MBC Group,
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Private Securities Litigation Reform Act,
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Form 20-F,
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Monthly,
Rotana Mousica,
Printing,
Risk management,
Anghami,
Arabic Excluding these foreign currency effects and applying constant exchange rates year-over-year, revenue would have increased by more than 50% year-over-year.
Key Points:
- Excluding these foreign currency effects and applying constant exchange rates year-over-year, revenue would have increased by more than 50% year-over-year.
- On February 24, 2022, Anghami announced an exclusive partnership with Egyptian artist Amr Diab, the global megastar of Arabic music and the most streamed artist on the Anghami platform, with close to 1.2 billion streams.
- This exclusive partnership brings the legendary singers entire audio and video catalog, as well as future releases, exclusively to the Anghami platform.
- Eddy Maroun, Co-founder, and Chief Executive Officer of Anghami, said, "The first half results should lead to a record year for Anghami in 2022.
