Anghami Sees Preliminary Q3 2023 Subscriber Growth Up 17% YoY Reaching 1.73M
Portfolio Pulse from Benzinga Newsdesk
Anghami reported a preliminary 17% year-over-year increase in subscribers for Q3 2023, reaching a total of 1.73 million subscribers.
December 26, 2023 | 2:26 pm
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Anghami's preliminary Q3 2023 results indicate a significant 17% increase in subscriber numbers compared to the same period last year, reaching 1.73 million.
Subscriber growth is a critical metric for streaming services like Anghami, as it directly impacts revenue and is a key indicator of company performance and market acceptance. A 17% increase in subscribers is a strong signal of growth, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100