The Profile DhabiBased Anghami 1.4m 70m 220m, a company that is expected to become an industry leader in e-commerce, is a good example of the emergence of a new culture. Its growth is based on its ability to cater to the needs of a growing number of consumers. This is evident in its user base, which is estimated to grow at an average of 1.4 million people a month. In addition, it is estimated that its revenue will reach $220 million in 2022. As such, the enterprise value is projected to be 2.5 times this amount.
Leading Digital Music Streaming Operator
Profile DhabiBased Anghami 1.4m 70m 220m is a leading digital music streaming operator in the Middle East. Founded in 2012, the company offers 57 million songs and 70 million registered users. The app has offices in Beirut, Dubai, Cairo, and Riyadh. It also has partnerships with telecommunications companies.
Multi-Year Partnership with Middle Eastern Megastar
In February, Profile DhabiBased Anghami 1.4m 70m 220m announced a multi-year partnership with Middle Eastern megastar Amr Diab. The agreement includes exclusive benefits and a platform for video releases. Anghami grew its streaming market share by 21% in March, making it the largest music platform in the region. Anghami will also cross-list on the Saudi Arabian stock exchange, the Tadawul, to increase its access to the largest Middle Eastern market.
Last Three Years
Profile DhabiBased Anghami 1.4m 70m 220m revenues have grown 80% over the last three years. It expects to record $88 million in sales in the year ahead. And its Ebitda is projected to be positive this year.
Anghami’s business is highly unique. As a result, it’s hard to replicate. Many parts of its operating region charge high data fees, which should underpin its subscription demand.
“Cultural Rebalancing”
The Anghami app has a pretty big name to keep an eye out for and to get there has required a bit of finesse. After all, if you’re trying to build a digital music service for a region with a population size of pythons, it’s not hard to imagine a fumble or two. Fortunately, the Anghami execs are among the most business savvy of any digital music service out there. It’s no wonder they’re still going strong, nearly a decade after their founding.
And while they’re at it, they’re also churning out some of the best content in the biz, courtesy of their evergreen content partners. To boot, the Anghami execs know they’re not the only ones in the business. So, if you’re in the market for one of those shiny new smartphones, you might want to hold off for a little while before making the call on that next big thing.
Anghami’s Registered Users
Anghami is the leading music streaming platform in the MENA region. The platform offers users unlimited access to Arabic and international music. It has signed licensing deals with major international labels and Arabic music labels. In addition, the company has an extensive podcast library.
Middle East and North Africa
Anghami has offices in 16 countries in the Middle East and North Africa, including Lebanon, Saudi Arabia, UAE, Egypt, and Tunisia. Its headquarters are in Abu Dhabi.
Sony Music
Since launching in 2012, Anghami has become the leading music streaming service in the MENA market. It has more than 70 million registered users. Anghami features music from Universal Music Group, Warner Music, and Sony Music. The company has also launched a boutique record label, Vibe, which was launched in partnership with Sony Music.
Anghami’s revenue has grown 80 percent in the past three years. At this time, the company has more than 1.4 million paying subscribers. In addition, Anghami has a free ad-supported restricted tier.
Anghami’s revenue is the amount of money that the company receives from customers. It is the main line item on its income statement. For example, if Anghami has $31.7 million in revenues for the fiscal year, its net income would be $17.9 million.
Final Words:
Anghami is an Arabic music streaming service that targets the Middle East. The company was founded by Eddy Maroun and Elie Habib in Beirut, Lebanon in 2012. AAnghami operates in 16 countries in the MENA region, including Algeria, Egypt, Jordan, Morocco, Morocco, Palestine, Saudi Arabia, Syria, Tunisia, and Yemen.
Anghami’s goal is to provide consumers with a comprehensive music and entertainment experience. To achieve this, Anghami provides weekly and daily subscriptions. In addition to its premium and ad-free streaming, Anghami also offers a variety of services for mobile users. They include ad-free streaming, data bundles, and subscriptions. These services allow Anghami to offer the best in-class content to its users.
