Anghami Files 2023 Annual Report and Announces 2024 Q1 Results, Highlighting 18% Growth in Subscribers and Significant Margin Improvement [Yahoo! Finance]
Anghami Inc. (ANGH)
Company Research
Source: Yahoo! Finance
in the Middle East and North Africa region, filed its annual report on April 30th, 2024, under Form 20-F for the fiscal year ending December 31, 2023 and announced unaudited preliminary results for Q1 2024, ending March 31, 2024. Comparing Q1 2024 to Q1 2023: Premium Subscribers grew 18% reaching 1.87 million Total Revenues grew by 8% Gross Margin improved from 20% to 26% Premium Subscriber Growth and Improved Margins, Driven by a Disciplined Focus on High Quality Revenue Anghami remains the premier MENA-based music streaming platform for listeners who want to enjoy a vast catalog of both Arabic and International music. Anghami has achieved significant top line improvements: Premium subscribers reached 1.87 million by March 31, 2024, an 18% increase compared to March 31, 2023 Total revenues grew by 8%, mainly driven by 27% growth in subscription revenue Anghami optimized its user acquisition and focused on high-margin direct subscription channels (mobile app stores
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ANGH
News
- Anghami - All the Music for Free for iOS [CNET News]CNET News
- Anghami Files 2023 Annual Report and Announces 2024 Q1 Results, Highlighting 18% Growth in Subscribers and Significant Margin ImprovementBusiness Wire
- We're Hopeful That Anghami (NASDAQ:ANGH) Will Use Its Cash Wisely [Yahoo! Finance]Yahoo! Finance
- Anghami Reports Full Year 2023 Earnings [Yahoo! Finance]Yahoo! Finance
- Anghami and OSN+ complete milestone transaction [Seeking Alpha]Seeking Alpha
ANGH
Sec Filings
- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- 4/8/24 - Form SC
- ANGH's page on the SEC website