Streetbeat News

ANGH

Anghami Inc.

https://www.anghami.com

Industry

Entertainment

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

Open

0.85

Mkt cap

24M

Volume

55K

High

0.85

P/E Ratio

-1.36

52-wk high

2.27

Low

0.77

Div yield

N/A

52-wk low

0.64

Anghami Inc. has secured a significant investment from OSN Group, with a commitment of up to $55 million, starting with a $12 million initial investment in a convertible note program. This funding aims to strengthen Anghami's leadership in the MENA region's digital entertainment sector.

Portfolio Pulse from

December 16, 2024 | 2:15 pm

Anghami (NASDAQ: ANGH) reported a 28% growth in streaming engagement and an 18% increase in Average Revenue Per User (ARPU) for 2024, highlighting its strong performance and operational excellence in the MENA region.

Portfolio Pulse from

November 14, 2024 | 1:30 pm

In Wednesday's pre-market session, several communication services stocks experienced significant movements. Haoxi Health Technology, Reddit, Global Mofy AI, Snap, LQR House, and Anghami saw notable gains, while Thryv Holdings, Criteo, ZW Data Action Tech, Trump Media & Technology, Blue Hat Interactive, and Leafly Holdings experienced declines.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 12:08 pm

Several communication services stocks experienced significant price movements in Wednesday's pre-market session. Notable gainers include Haoxi Health Technology, Reddit, Global Mofy AI, and Snap, with Snap's rise linked to its Q3 earnings report. On the losing side, Thryv Holdings and Criteo saw declines, with Criteo's drop associated with its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 12:08 pm

Anghami reported an 18.3% growth in its video streaming subscriber base, driven by strategic developments following a transaction with OSN+.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:18 am

The article lists the top gainers and losers in the communication services sector during Monday's after-market session. Notable gainers include Society Pass (SOPA), E W Scripps (SSP), and Sphere Entertainment (SPHR). Significant losers include Asset Entities (ASST), MediaCo Holding (MDIA), and BuzzFeed (BZFD).

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 8:31 pm

The article highlights the pre-market movements of several communication services stocks on Friday. Notable gainers include Leafly Holdings (LFLY), Super League Enterprise (SLE), and Treasure Global (TGL), while significant losers include Moving iMage Technologies (MITQ), 36KR Holdings (KRKR), and GD Culture Group (GDC).

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 12:08 pm

Anghami Inc. (NASDAQ:ANGH), the leading MENA region music and entertainment streaming platform, reported an 18% increase in premium subscribers to 1.87 million and an 8% revenue growth in Q1 2024. Gross margin improved from 20% to 26%. The company highlighted its strategic focus on high-margin subscription channels and cost optimization, leading to a reduced operating loss from $5.4 million to $2.7 million. Anghami also completed a significant transaction with OSN Group, enhancing its digital entertainment offerings. Despite challenges in 2023, including currency devaluation and the Gaza war, Anghami's core subscription business continues to grow.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:49 pm

In Thursday's pre-market session, several communication services stocks showed notable movements. Criteo (CRTO) and MediaAlpha (MAX) led the gainers with significant increases following their Q1 earnings reports. Other gainers included Chicken Soup for the Soul (CSSEP), Grom Social Enterprises (GROM), IAC (IAC), and Bilibili (BILI). On the losing side, Blue Hat Interactive (BHAT) and Global Mofy Metaverse (GMM) saw declines, along with MediaCo Holding (MDIA), HWH International (HWH), Marcus (MCS), and Anghami (ANGH), with some reacting to earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 12:07 pm

In Friday's pre-market session, 11 Communication Services stocks showed notable movements. NextPlat (NXPL) led the gainers with a 51.3% increase following their Q4 earnings release, while Gamer Pakistan (GPAK) experienced the largest drop among the losers, falling 6.8%. Other notable movers included Hanryu Holdings (HRYU), VS Media Holdings (VSME), and Liberty Global (LBTYA) on the gainers' side, and Brera Holdings (BREA), Motorsport Games (MSGM), and TuanChe (TC) among the losers.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 12:10 pm

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