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Anghami Shares Rocket 64% After Revenue Nearly Doubles on Warner Bros. Partnership

MarketDash Editorial Team
3 hours ago
Anghami shares surged Wednesday after the music streaming platform reported first-half revenue jumped 97% to $48.4 million, with paying subscribers doubling to 3.54 million thanks to its OSN+ integration and Warner Bros. Discovery tie-up.

Anghami Inc. (ANGH) shares jumped more than 60% Wednesday after the Middle Eastern music streaming platform delivered first-half results that show what happens when you pair regional content expertise with Warner Bros. firepower.

The Numbers Tell a Growth Story

Revenue for the six months ending June 30 climbed 97% year over year to $48.4 million. The main driver? Integration with OSN+ and subscription income hitting $43 million. Paying subscribers doubled to 3.54 million, while total registered users topped 120 million across the MENA region.

That's impressive growth for a company whose market value sat around just $21 million as of Tuesday's close. The subscriber gains reflect the power of bundling regional music streaming with premium video content in a market that's been underserved by global platforms.

The Warner Bros. Connection

Here's the strategic piece that matters: Earlier this year, Warner Bros. Discovery (WBD) invested $57 million in OSN Streaming Ltd., which owns a majority stake in Anghami. That deal brought exclusive HBO and Max Originals to the service, giving Anghami a content library that competitors in the region can't match.

But growth comes with a price tag. Heavy OSN+ acquisition and integration spending meant Anghami posted a $37.1 million loss for the period. Management expects revenue growth to continue in the second half, though integration costs will keep pressuring margins until the company achieves scale benefits and tightens cost controls.

What It Means for Investors

The stock remains down sharply over the past 12 months and was trading near its 52-week low before Wednesday's surge. Shares jumped 63.79% to $3.80 in morning trading, according to data from MarketDash.

The technical picture shows bullish short- and medium-term momentum, though the longer-term trend remains bearish. Trading below longer-term average price levels suggests underlying selling pressure could emerge if momentum fades.

Investors face a classic growth company trade-off: rapid revenue expansion and subscriber gains versus continued losses and execution risk. The Warner Bros. partnership provides valuable content differentiation, but profitability remains elusive as integration costs pile up.

As the market absorbs this sharp rally, watch for broader market conditions and any new developments around Anghami's integration progress or subscriber retention metrics that could shift investor sentiment.

Back to Stock Market News

Anghami Shares Rocket 64% After Revenue Nearly Doubles on Warner Bros. Partnership

MarketDash Editorial Team
3 hours ago
Anghami shares surged Wednesday after the music streaming platform reported first-half revenue jumped 97% to $48.4 million, with paying subscribers doubling to 3.54 million thanks to its OSN+ integration and Warner Bros. Discovery tie-up.

Anghami Inc. (ANGH) shares jumped more than 60% Wednesday after the Middle Eastern music streaming platform delivered first-half results that show what happens when you pair regional content expertise with Warner Bros. firepower.

The Numbers Tell a Growth Story

Revenue for the six months ending June 30 climbed 97% year over year to $48.4 million. The main driver? Integration with OSN+ and subscription income hitting $43 million. Paying subscribers doubled to 3.54 million, while total registered users topped 120 million across the MENA region.

That's impressive growth for a company whose market value sat around just $21 million as of Tuesday's close. The subscriber gains reflect the power of bundling regional music streaming with premium video content in a market that's been underserved by global platforms.

The Warner Bros. Connection

Here's the strategic piece that matters: Earlier this year, Warner Bros. Discovery (WBD) invested $57 million in OSN Streaming Ltd., which owns a majority stake in Anghami. That deal brought exclusive HBO and Max Originals to the service, giving Anghami a content library that competitors in the region can't match.

But growth comes with a price tag. Heavy OSN+ acquisition and integration spending meant Anghami posted a $37.1 million loss for the period. Management expects revenue growth to continue in the second half, though integration costs will keep pressuring margins until the company achieves scale benefits and tightens cost controls.

What It Means for Investors

The stock remains down sharply over the past 12 months and was trading near its 52-week low before Wednesday's surge. Shares jumped 63.79% to $3.80 in morning trading, according to data from MarketDash.

The technical picture shows bullish short- and medium-term momentum, though the longer-term trend remains bearish. Trading below longer-term average price levels suggests underlying selling pressure could emerge if momentum fades.

Investors face a classic growth company trade-off: rapid revenue expansion and subscriber gains versus continued losses and execution risk. The Warner Bros. partnership provides valuable content differentiation, but profitability remains elusive as integration costs pile up.

As the market absorbs this sharp rally, watch for broader market conditions and any new developments around Anghami's integration progress or subscriber retention metrics that could shift investor sentiment.