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Anghami (ANGH) investor relations material
Anghami H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 27% year-over-year to $99.3 million in FY2025, driven by subscriber growth and the full-year consolidation of OSN+.
Paid subscribers surpassed 3.5 million, with registered users exceeding 130 million across the MENA region.
Strategic partnerships, including the Epic Bundle with Shahid and Disney+, Noon, and talabat, expanded distribution and monetization.
Warner Bros. Discovery completed a $57 million minority investment in OSN Streaming Limited, strengthening content and regional production.
Integration of OSN+ and proprietary technology investments, including AI-powered recommendations and a rebuilt streaming platform, enhanced user experience.
Financial highlights
Revenue increased to $99.3 million in 2025 from $78.1 million in 2024, reflecting subscriber and segment growth.
Profitability was impacted by fixed video content licensing fees, reflecting a full 12-month impact versus 2024.
Outlook and guidance
Positioned for continued growth in digital entertainment demand across MENA, leveraging platform-led partnerships and a robust content pipeline.
Focus on scaling embedded and bundled distribution models for efficient user acquisition and deeper engagement.
Management aims to balance growth with operational discipline, targeting improved monetization and operating leverage in 2026.
- Revenue up 63% but net loss deepens; OSN Streaming takes control and $55M note converts to equity.ANGH
H1 20257 Jan 2026 - OSN+ acquisition drove revenue growth but losses widened and OSN+ became majority shareholder.ANGH
H1 202413 Jun 2025 - Revenue surged with OSN+ integration, but losses and funding risks remain elevated.ANGH
H2 20249 Jun 2025
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