)
Anghami (ANGH) investor relations material
Anghami H2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Anghami expanded into video streaming in 2024 via the OSN+ transaction, consolidating nine months of OSN+ results and issuing 36.9 million shares to OSN Streaming, which now holds a 55.25% stake.
Revenue grew 88.7% year-over-year to $78.1M, driven by the addition of OSN+; active users rose to 22.4M and subscribers to 3.4M.
Net loss widened to $63.6M (from $15.7M in 2023), with negative adjusted EBITDA of $55.3M, mainly due to fixed video content costs and integration expenses.
OSN Streaming invested $32M via convertible notes, with an option for an additional $23M; Warner Bros. Discovery acquired a minority stake in OSN Streaming Ltd.
The company faces going concern risks due to negative working capital and ongoing losses, but management expects continued funding from shareholders.
Financial highlights
Revenue: $78.1M in 2024, up from $41.4M in 2023 (+88.7%).
Subscription revenue: $65.0M (+164.7% YoY), advertisement: $11.2M (+13.3%), live events: $1.9M (-72.8%).
Gross loss: $(24.0)M (gross margin -30.8%), compared to gross profit of $10.3M in 2023 (24.9% margin).
Net loss: $(63.6)M, compared to $(15.7)M in 2023.
Adjusted EBITDA: $(55.3)M (-70.8% of revenue), compared to $(11.3)M in 2023.
Cash and cash equivalents: $14.1M at year-end 2024.
Outlook and guidance
Focus remains on growing music and video streaming subscriptions, optimizing acquisition, and leveraging B2B partnerships.
Plans to expand advertising revenue through new ad formats, branded content, and ramping up the OSN+ Ad Tier.
Live events are expected to remain a minor revenue stream but support user engagement and brand visibility.
Management highlights ongoing risks from currency devaluation, macroeconomic uncertainty, and the need for continued external funding.
Next Anghami earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)