Anghami Delivers Strong Growth Across Video and Music Service in 2024 with 28% growth in streaming engagement
Anghami Inc. (ANGH)
Company Research
Source: PR Newswire
ABU DHABI, UAE, Nov. 14, 2024 /PRNewswire/ -- Anghami (NASDAQ: ANGH), the leading multi-media streaming platform in the MENA region, announced substantial growth in user engagement and significant operational achievements, reinforcing its position as the region's premier entertainment destination.Strong Performance Metrics and Operational ExcellenceAnghami has achieved significant cost synergies, while simultaneously driving an 18% increase in Average Revenue Per User (ARPU) on the direct base. Video streaming engagement has shown exceptional momentum, with total hours watched surging by 28% during January-September 2024 compared to the same period in 2023.Elie Habib, CEO of Anghami & OSN+, commented, "Our strong performance this quarter, marked by an 18% ARPU increase on direct subscribers and 28% growth in streaming engagement, showcases the success of our integrated entertainment strategy. Through premium content expansion across both video and music, as well as technical innovatio
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ANGH
News
- Anghami Secures Significant Investment from OSN Group [Yahoo! Finance]Yahoo! Finance
- Anghami Secures Significant Investment from OSN Group [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Anghami Secures Significant Investment from OSN Group [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Anghami Secures Significant Investment from OSN GroupPR Newswire
- Anghami Secures Significant Investment from OSN GroupPR Newswire
ANGH
Sec Filings
- 12/20/24 - Form 6-K
- 12/18/24 - Form SCHEDULE
- 12/16/24 - Form 6-K
- ANGH's page on the SEC website