Anghami
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 31.2m | 30.5m | 35.5m | 48.5m | 41.4m |
% growth | - | (2 %) | 16 % | 37 % | (15 %) |
EBITDA | (5.3m) | (2.9m) | (13.0m) | (11.0m) | (9.0m) |
% EBITDA margin | (17 %) | (10 %) | (37 %) | (23 %) | (22 %) |
Profit | (6.7m) | (5.6m) | (17.8m) | (61.0m) | (15.8m) |
% profit margin | (22 %) | (18 %) | (50 %) | (126 %) | (38 %) |
EV / revenue | - | - | - | 0.8x | 0.6x |
EV / EBITDA | - | - | - | -3.5x | -2.5x |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.3m | Series A | ||
$8.0m | Series A | ||
N/A | $1.5m | Series A | |
N/A | $3.5m | Series A | |
N/A | Series B | ||
* | N/A | Late VC | |
$100m Valuation: $220m 7.2x EV/LTM Revenues -75.0x EV/LTM EBITDA | SPAC IPO | ||
* | $40.0m Valuation: $220m 7.2x EV/LTM Revenues -75.0x EV/LTM EBITDA | SPAC Private Placement | |
* | $5.0m | Post IPO Equity | |
* | N/A | Post IPO Equity | |
* | N/A | Acquisition | |
Total Funding | €49.4m |
Recent News about Anghami
EditAnghami is a digital music streaming service that caters to both Arabic and international music lovers. The company operates in the Middle East and North Africa (MENA) region, providing a platform where users can access a vast library of licensed music from leading Arabic labels like Platinum Records, Mazzika, and Melody, as well as major international labels such as Universal, Sony, EMI, and Warner. Anghami's service is available across multiple devices, including mobile phones, tablets, desktops, and smart TVs, ensuring users can enjoy their favorite tunes anytime and anywhere.
The business model of Anghami revolves around both free and premium subscription services. The free tier offers unlimited music streaming supported by advertisements, while the premium service, known as Anghami Plus, provides an ad-free experience, high-definition sound quality with Dolby 320 Kbps, and exclusive access to new releases. This dual approach allows Anghami to generate revenue through both subscription fees and advertising.
Anghami serves a diverse clientele, ranging from individual music enthusiasts to families and friends who can share the joy of music through gifting options. The platform also offers unique features like "Stories" and "Radar" that allow users to express their moods and interact with music in a social context. Additionally, Anghami partners with various brands and businesses for advertising opportunities, further diversifying its revenue streams.
In summary, Anghami is a comprehensive music streaming service that combines a rich library of Arabic and international music with user-friendly features and a flexible business model. It continues to expand its content and improve user experience, making it a leading player in the MENA music streaming market.
Keywords: Music Streaming, Arabic Music, International Music, Subscription Service, High-Definition Sound, Ad-Supported, Anghami Plus, MENA Region, Licensed Content, Multi-Device Access.