Anghami
Offers MENA audiences subscription and ad-supported music, audio, and premium-video streaming services.
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Profile
Sells subscription and ad-supported access to music, podcasts, live entertainment, and premium video. Combines the Anghami audio service with OSN+ and uses telco relationships for distribution, customer acquisition, and subscription payments.
Provides music, podcasts, music videos, live events, movies, and series through a digital entertainment and online-streaming platform. Paying users receive unlimited, ad-free streaming and downloads, while ad-supported users receive restricted on-demand access. The service is offered through paid and advertising-supported tiers.
Combines the Anghami audio service with OSN+ premium video across MENA markets, using telco relationships for distribution, customer acquisition, and subscription payments. The OSN+ asset combination expanded the business from music and audio into premium video. Content depends on licenses from music labels, independent artists, and studios; the consumer offering also depends on those commercial relationships.
Company facts
Categories
Key statistics
Year to date −15.5% · Average volume (30d) 37.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Mar 6, 2023 | — | — | — | $21.1M | $21.1M | 0.0% | +25.68% |
| Nov 24, 2021Q3 FY21 | — | $0.87 | — | — | — | — | −0.10% |
| Aug 23, 2021Q2 FY21 | — | −$1.07 | — | — | — | — | −0.20% |
| May 24, 2021Q1 FY21 | — | $0.49 | — | — | — | — | +0.20% |
Financial highlights
| 5 quarters | — | Q3 FY20 | Q4 FY20 | Q1 FY21 | Q2 FY21 | Q3 FY21 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | — | $0 | $0 | $0 | $0 | $0 | |
| Operating income | — | −$314.9K | −$259.9K | −$208.7K | −$229.1K | −$213.7K | |
| Net income | — | $8.7M | −$7.8M | $2.5M | −$5.5M | $4.4M | |
| Diluted EPS | — | $1.58 | −$1.53 | $0.50 | −$1.08 | $0.88 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $22.4M · Total debt $126.2K · Total assets $113.9M · Shareholders' equity $27.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.06M · Float 2.49M · 27.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dplay Entertainment Limited | 7.42M | 71.30% | 13D | Jun 26, 2026 |
| Kuwait Projects Company (Holding) K.S.C.P | 7.42M | 71.27% | 13D | Jun 26, 2026 |
| Elias Habib · director, officer: Chief Executive Officer | 248.6K | 2.74% | Form 4 | Apr 30, 2026 |
| Edgard Maroun · director | 248.6K | 2.74% | Form 4 | Apr 28, 2026 |
| UBS Group AG | 658 | 0.01% | 13F | May 5, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Spotify
Global subscription music streaming with MENA reach
- Netflix
Premium international video-streaming competitor in MENA




