Anghami Inc., a prominent music streaming service based in the United Arab Emirates, has reported its financial results for the six months ending June 30, revealing a substantial increase in revenue and subscriber numbers. This positive report led to a notable surge in the company's stock value in recent after-hours trading sessions, reflecting investor optimism despite an overall net loss during the period.
Details of Anghami's Financial Performance and Strategic Developments
On Tuesday, December 31, 2025, Anghami Inc. (NASDAQ: ANGH) witnessed a significant uptick in its share price, soaring by 49.8% to reach $3.48 in after-hours trading. This impressive gain was directly attributed to the company's announcement of its six-month financial results, which highlighted a robust 97% year-over-year revenue increase, amounting to $48.4 million. The growth was largely propelled by the successful integration of OSN+ and an expansion in subscription income, which alone contributed $43 million. Furthermore, the platform's paid subscriber count doubled to 3.54 million, pushing the total registered user base beyond the 120 million mark.
A key development impacting Anghami's trajectory was the earlier investment of $57 million by Warner Bros. Discovery (NASDAQ: WBD), a major U.S. media and entertainment entity, into OSN Streaming Ltd., the majority owner of Anghami. This investment secured exclusive access to HBO content and Max Originals for the streaming service, enhancing its content library and appeal. Elie Habib, Anghami's CEO, underscored the platform's operational efficiency, noting a 99.9% uptime and an improvement in app store ratings from 3.8 to 4.6 stars, indicating enhanced user satisfaction and service reliability.
Despite the strong revenue and subscriber growth, Anghami reported a net loss of $37.1 million. This loss was primarily due to considerable investments in subscriber acquisition and integration costs, as the company expanded its market presence and content offerings. During this period, Anghami also forged new distribution collaborations with significant partners such as Talabat, Noon, and PlayStation, broadening its reach and accessibility.
Looking ahead, the management team at Anghami projects continued topline growth in the latter half of the year. While integration investments are expected to influence profitability in the short term, the company anticipates achieving operational synergies and better cost control in due course. Exciting content launches are also planned for early 2026, including exclusive regional productions and a wider array of international content partnerships, aiming to further solidify its market position.
From a technical analysis perspective, Anghami currently holds a relative strength index (RSI) of 31.66. The stock has experienced a 71.84% decline over the past year, reflecting a prolonged downtrend. With a market capitalization of $21.03 million, its trading range over the last 52 weeks spanned from a high of $8.40 to a low of $2.25. As of Tuesday's closing, ANGH was priced at $2.32, down 4.85%, placing it near the lower end of its annual trading range. This positioning suggests that a significant catalyst would be required to drive a sustained upward movement in its stock value.
The recent surge in Anghami's stock valuation after a period of decline offers a fascinating case study in market dynamics, particularly how strategic partnerships and robust operational growth can ignite investor interest, even when profitability lags due to expansion costs. It highlights the delicate balance between aggressive growth strategies and financial prudence. For streaming services operating in competitive markets like the Middle East and North Africa, continuous innovation in content and seamless user experience are paramount. Anghami's commitment to improving platform stability and expanding its content portfolio, despite short-term financial headwinds, suggests a long-term vision that could ultimately redefine its market standing. This situation serves as a reminder that the perceived value of a company often lies not just in its current financials, but also in its future potential, particularly when backed by strong strategic moves and an expanding user base.