Rotana Mousica

Anghami and Rotana Renew Partnership and Expand Scope of Collaborations

Retrieved on: 
Tuesday, March 12, 2024
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.

Anghami Reports Preliminary Q3 2022 Unaudited Results With 29% Y-O-Y Revenue Growth and Gross Profit Increase

Retrieved on: 
Tuesday, November 15, 2022
Consumer Electronics, Technology, Other Communications, Online, General Entertainment, Entertainment, Communications, Digital Marketing, Apps, Applications, Internet, Mobile, Wireless, Investment, MENA, Inc., City, Happy Endings (album), Human, Rotana Mousica, Merlin Network, Partnership, Multimedia, Cloud computing, Universal Music Group, Annual report, Du (company), Music, Acquisition, Sony Music, Ecosystem, COVID-19, Warner Music Group, Tourism, Video game, Risk management, Kingdom, 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.

Anghami Reports Strong Preliminary H1 2022 Results With 29% Y-O-Y Revenue and 41% Y-O-Y Monthly Subscriber Growth

Retrieved on: 
Monday, August 15, 2022
Mobile, Wireless, Online, Entertainment, Internet, Mobile Entertainment, Consumer Electronics, Apps, Applications, Technology, General Entertainment, Other Communications, Digital Marketing, Communications, Merlin Network, Universal Music Group, U.S. Securities and Exchange Commission, Human voice, Spotlight, Ecosystem, Growth, SEC, Inc., Active users, Human, COVID-19, Company, Acquisition, Sony Music, MBC Group, Partnership, Reading, NASDAQ, Music, Private Securities Litigation Reform Act, Warner Music Group, Form 20-F, Advertising, Annual report, 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.

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%

Retrieved on: 
Tuesday, May 17, 2022
Online, Sports, Mobile, Wireless, Entertainment, General Sports, Hardware, Technology, Other Entertainment, TV and Radio, Music, Audio, Video, Licensing (Entertainment), Other Technology, Form, LG, Company, U.S. Securities and Exchange Commission, Annual report, Rotana Mousica, Sport, Mission statement, Amazon, NASDAQ, Music, Radio, Sony Music, Form 20-F, BISU Visual Identity, TOD, Marketing, Amazon Echo, Inc., GCC, Algorithm, MIC, ARPU, Partnership, United Arab Emirates, FIFA, Technology, Amazon Alexa, Human, Live radio, Hardware, Advertising, SEC, GCC2, Growth, Mobile phone, Video game, Nightclub, Renewable energy, Entertainment, Fitbit, Nasdaq, Rotana, Anghami, Arabic

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.

Rotana and Anghami Sign Strategic Partnership to Bring Largest Arabic Library Back to Platform

Retrieved on: 
Wednesday, April 6, 2022
Entertainment, Other Entertainment, TV and Radio, Online, Mobile Entertainment, Music, Human, Catalog, Arabs, NASDAQ, Music, Partnership, Form, Sony Music, Multimedia, Growth, Board, Rotana, SEC, Merlin Network, CEO, Rotana Mousica, Entrepreneurship, Private Securities Litigation Reform Act, Warner Music Group, U.S. Securities and Exchange Commission, Universal Music Group, International, File sharing, COVID-19, Film and Publication Board, Reunion, GCC, Arab world, Social media, Collection, Telco, Video game, Anghami

Commenting on the agreement, Mr. Salem Al Hindi, CEO of Rotana Music Holding, said: "We are thrilled to commence this partnership with Anghami, which will also strengthen the relationship between Rotana and its artists.

Key Points: 
  • Commenting on the agreement, Mr. Salem Al Hindi, CEO of Rotana Music Holding, said: "We are thrilled to commence this partnership with Anghami, which will also strengthen the relationship between Rotana and its artists.
  • We are confident that this collaboration will expand the business even further with the purpose of reaching Rotana music fans across the world.
  • We are delighted to welcome Rotana to Anghami, said Eddy Maroun, Co-Founder and CEO of Anghami.
  • Rotana owns the largest music library and covers the most important Arab festivals in various countries.