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The latest update is out from Anghami Inc. ( (ANGH) ).
On April 30, 2026, Anghami reported consolidated results for the year ended December 31, 2025, posting a 27% rise in revenue to $99.3 million driven by subscriber growth across Anghami Plus and OSN+, and the first full-year consolidation of OSN+ following its April 2024 integration. Paid subscribers surpassed 3.5 million and registered users topped 130 million, underlining the scale benefits of its expanded streaming ecosystem.
Operationally, 2025 was the first full year of the combined Anghami–OSN+ business, during which the company rebuilt the OSN+ platform in-house, premiered its first OSN+ Original and deepened distribution through Noon, talabat and an “Epic Bundle” with Shahid and Disney+ that drove strong subscriber traction. Warner Bros. Discovery’s $57 million minority investment in OSN Streaming Limited in March 2025 strengthened content ties and board representation, while an expanded telco network of 45 operators and new directors signaled a push for scale and governance, even as fixed video content fees weighed on profitability and regional conflicts constrained live events and production.
Management said it entered 2026 focused on scaling revenue, improving unit economics and leveraging bundled and embedded distribution to acquire users more efficiently amid intensifying streaming competition in MENA. The company emphasized that its rich content slate, strengthened partnerships and technology investments, including AI-powered recommendations and a rebuilt 4K-capable platform, are expected to support better monetization and operating leverage over time, and it filed its 2025 annual report on Form 20-F with the U.S. Securities and Exchange Commission on April 30, 2026.
Spark’s Take on ANGH Stock
According to Spark, TipRanks’ AI Analyst, ANGH is a Neutral.
The score is primarily constrained by weak financial performance: ongoing losses, negative margins, and negative operating/free cash flow with reliance on external financing. Technicals also weigh on the score as the stock trades below key moving averages with muted momentum. Valuation offers limited support because earnings are negative and there is no dividend yield data.
To see Spark’s full report on ANGH stock, click here.
More about Anghami Inc.
Anghami Inc. is a leading multimedia technology streaming platform in the Middle East and North Africa, offering premium video, music, podcasts, live entertainment and audio services. Headquartered in Abu Dhabi and operating in 16 MENA countries, it serves over 130 million registered users and 3.5 million paid subscribers, supported by partnerships with 45 telecom operators and major regional and global content providers.
The company’s model combines direct subscriptions with telco bundles and platform partnerships, positioning Anghami at the intersection of music and video streaming. Its portfolio now includes the OSN+ video service and exclusive HBO content, alongside original regional productions and large-scale live events that reinforce its brand and cultural footprint across the region.
Average Trading Volume: 5,810
Technical Sentiment Signal: Hold
Current Market Cap: $33.99M
Learn more about ANGH stock on TipRanks’ Stock Analysis page.