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Anghami month-to-month subs up 41% YoY in H1, in keeping with preliminary outcomes


Anghami has posted its preliminary outcomes for the primary half of 2022 (ended June 30, 2022).

The MENA-focused music streaming platform stories that its complete income grew 29% year-over-year to $21.1 million.

The platform’s variety of Month-to-month Paying Subscribers, in the meantime, elevated 41% YoY to 1.28 million subscribers.

In line with Eddy Maroun, Anghami’s Co-founder, and CEO, the corporate’s first half outcomes “ought to result in a report yr for Anghami in 2022”.

Anghami stories that its subscriber development was primarily on account of “increased conversion charges of advertising-supported customers to paying subscribers, in addition to a better variety of Lively Customers”.

The app’s lively consumer base elevated 46% year-over-year to 19.5 million customers in H1, leading to what Anghami says was elevated promoting and subscription revenues. Anghami defines ‘Lively Customers’ as customers who used its service at the very least as soon as over a rolling three-month interval.

Anghami listed on the NASDAQ in New York in February by way of a merger with a publicly-traded particular function acquisition firm.

The music streaming firm entered right into a definitive merger settlement in March 2021, which valued Anghami at $220 million.

Anghami says that “Arabic content material is essential” to its “future development”. The corporate notes that it has introduced a number of partnerships in latest months, which it says are aimed toward bolstering its place within the MENA area.

In February, Anghami introduced an unique partnership with Egyptian artist and Arabic music megastar Amr Diab, essentially the most streamed artist on the Anghami platform, with near 1.2 billion streams. This unique partnership introduced the singer’s whole audio and video catalog, in addition to future releases, solely to Anghami.

In April, Anghami inked a strategic partnership with Rotana Music, claimed to be the most important report label within the Center East.

In the meantime in June, Anghami renewed a advertising cope with Saudi Arabia-based leisure firm, MBC Group. Beneath this strategic partnership, Anghami might be featured throughout MBC’s programming within the area, giving Anghami entry to airtime throughout a number of leisure exhibits similar to The Voice and Arab Idol, in addition to MBC’s TV channels, radio stations, all of MBC’s main social media channels, and MBC’s Shahid platform, which is claimed to be the world’s main Arabic video streaming platform.

Elsewhere, in July, Anghami acquired Highlight Occasions, a dwell occasions firm that makes a speciality of creating and managing dwell occasions and concert events within the MENA area.

Earlier this month, Anghami partnered with WAJEEZ, an Arabic subscription service to greater than 3,500 audiobook summaries of Arabic books and translated worldwide bestsellers.

Anghami stories that Arabic music streams accounted for almost 60% of its complete music streams in H1, marking a 20% YoY enhance.

“The primary half outcomes ought to result in a report yr for Anghami in 2022.”

Eddy Maroun, Anghami

Eddy Maroun, Co-founder, and Chief Government Officer of Anghami, mentioned: “The primary half outcomes ought to result in a report yr for Anghami in 2022.

“We proceed to hearken to the wants of our loyal customers by increasing our native Arabic content material and enhancing our technology-enabled digital streaming platform.

“These are the important thing drivers that can preserve Anghami’s management place within the Arabic music streaming market and make Anghami one of many main digital leisure platforms within the MENA area.”

“We’re assured that this constructive trajectory will proceed by way of 2022 as we profit from our rising partnerships and choices.”

F. Jacob Cherian, Anghami

F. Jacob Cherian, Co-Chief Government Officer of Anghami, mentioned “Anghami stays dedicated to launching extra revolutionary choices, increasing its international attain and delivering worth to prospects by way of best-in-class content material and revolutionary new options.

“We’re assured that this constructive trajectory will proceed by way of 2022 as we profit from our rising partnerships and choices.”Music Enterprise Worldwide

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