Anghami’s Nasdaq-listed shares jumped more than 40% in after-hours trade on Tuesday (December 30) after the MENA streaming group reported first-half revenue of $48.4 million (€41.2 million).
For the 6 months to June 30, 2025, revenue was up 97% year-on-year, with subscription income rising to $43.0 million (€36.6 million) following the OSN+ integration. Anghami said paid subscribers rose 97% to 3.54 million, while registered users exceeded 120 million.
The company also pointed to a deepening relationship with Warner Bros. Discovery, following a $57 million (€48.5 million) strategic investment into OSN Streaming Ltd, which it describes as Anghami’s majority owner.
Despite the topline growth, Anghami posted a net loss of $37.1 million (€31.6 million), which it attributed to increased investment in OSN+ subscriber acquisition and integration costs. It said cost optimisation and scaling efficiencies are underway, while highlighting new OSN+ partnerships with Noon and PlayStation and a distribution agreement with Talabat.
