Anghami Achieves Remarkable Revenue Growth with 3.5 Million Subscribers and Key Partnerships

Overview

In an impressive announcement, Anghami Inc. (NASDAQ: ANGH) has disclosed its fiscal results for the year ending December 31, 2025. The leading music streaming service in the MENA (Middle East and North Africa) region showcased a notable revenue of $99.3 million, reflecting a 27% increase from $78.1 million in 2024. This surge is attributed to a remarkable growth in its subscriber base, having surpassed 3.5 million paid subscribers, while its total registered users have now reached over 130 million.

Positive Contributors to Growth

The substantial revenue boost is primarily due to the gain in subscribers on both the Anghami platform and OSN+, the latter of which has significantly contributed as it was fully consolidated from April 1, 2024. Furthermore, the first full year of combined operations between Anghami and OSN+ has enabled the company to optimize its offerings and expand its content portfolio through various strategic partnerships.

One of the critical partnerships was formed with Warner Bros. Discovery, whose investment of $57 million in OSN Streaming Limited reinforces the content partnership, paving the way for joint investment in regional original productions.

Strategic collaborations with Noon and talabat have further strengthened OSN+'s distribution channels, which, along with the introduction of the innovative Epic Bundle featuring partnerships with Shahid and Disney+, have resulted in heightened engagement and excellent subscriber acquisition rates.

CEO Insights

Reflecting on these accomplishments, Elie Habib, CEO of Anghami, stated that 2025 marked a pivotal year for the business. The consolidation of the OSN+ platform not only enhanced the user experience by delivering improved functionalities and content, but also solidified Anghami's position in the competitive streaming market. He emphasized their vision for sustainable growth moving forward, with a focus on enhancing the user experience, expanding content offerings, and optimizing business efficiencies.

Business Evolution

The year has brought remarkable evolution for Anghami as it integrates the OSN+ streaming platform into its diverse media ecosystem. Notable developments included the launch of original content on OSN+, with productions like The Fashionista, affirming Anghami's commitment to region-specific content in addition to its extensive catalog of exclusive HBO content.

In addition to enhancing content variety, Anghami has proactively developed its proprietary technology. This includes AI-powered content recommendations and technological advancements that aim to boost performance and enrich user experience. Already, the company partners with 45 telco operators across the MENA region, effectively facilitating subscription payments and ensuring high conversion rates.

Cultural Relevance and Global Connections

Despite ongoing regional conflicts impacting live events, Anghami has maintained its cultural relevance with initiatives like Aktar Men Ayya Waqt, a collaboration that brought together prominent artists in the region. Their Ramadan content strategy yielded continuous consumer engagement, which is a testament to their understanding of market trends and user preferences.

Looking Forward

As Anghami ventures into 2026, it remains poised to leverage the burgeoning demand for digital entertainment across the MENA region. Strategic collaborations with platforms such as Shahid, Disney+, and expanded engagement with Warner Bros. Discovery are anticipated to act as catalysts for further growth. Key releases lined up for the year, including eagerly awaited series and films, are expected to captivate audiences and further elevate Anghami's standing in the entertainment landscape.

With an emphasis on streamlined user acquisition and deeper engagement, Anghami is strategically positioned to balance sustainable growth against operational efficiencies, making it one of the leading contenders in the digital entertainment arena of the MENA region.