$ 35.5 million in total Anghami revenue for fiscal 2021

D + D – Normal size

Anghami, a Nasdaq-listed company, has submitted its financial results for the year ended December 31, 2021 to the US Securities and Exchange Commission. The results show that Angami’s total revenue for the financial year 2021 is $ 35.5 million.

The number of subscriptions paid to Anghami for the year ended December 31, 2021 increased to 1.4 million as a result of improved customer retention, adoption of new subscription plans and adoption of advanced smart mechanisms for subscription payment. Subscription revenue has also increased, with monthly subscriptions increasing by 47% year-on-year to reach 1.2 million users by 2021.

Advertising revenue increased in fiscal 2021, and brands reinvested in advertising after the epidemic, resulting in 70% year-over-year ad revenue growth, driven by increased production of personalized content, content sales and in-product. . Anghami has expanded its partnership with telecommunications companies across the region to increase the number of collaborating companies from 35 to 41 by the end of December 2021 to bring its music services to a wider audience in the market.

For unaudited preliminary results for the first quarter of 2022, the total unaudited revenue for the first quarter was $ 9.3 million, an increase of 23% year-on-year compared to the second quarter of 2021. Subscription revenue increased 26% year-on-year, reaching $ 7.3 million in the first quarter of 2022, with the average revenue per user increasing by 10% to $ 1.87. Anghami’s partnership with telecom companies has grown to 45 companies by March 2022.

The total number of active users of the company’s operating system increased by 20% year-on-year, reaching 18.5 million users in the first quarter of 2022. This increase was driven by increased production of local content (especially Arabic and original content). Improving the recommendation machine and launching unique social features Organizing special events in many countries.

In the first quarter of 2022, Anghami introduced a new identity for its brand, with the aim of supporting the next phase of its journey. The company’s brand new logo, which includes a new logo and display logo, features 4 color stripes that represent the “liquid, travel voice” that enables the company to communicate its message and share it worldwide.

These lines include the voices of many Arab creators, content makers and storytellers who share their voices through the Anghami site, and invite everyone to use it in content to learn more about Arabic culture anywhere in the world. , Enjoy and celebrate.

Eddie Maron, Co-Founder and CEO of Anghami, said: “2021 has been a very special year for us, with many achievements culminating in our roster on the NASDAQ, paving the way for achieving our growth goals. Exclusive agreements are contributed with the original content.

Our collaboration with Sony Music, Amazon Alexa and TOD / BeIN and our renewed partnership with Rotana Music, our Vibe Music Arabia initiative launched with Sony Music, enhances our ability to deliver an unparalleled experience to our users. Huge Arabic content. , Which tops our global list. This is in line with our goal of expanding Arab culture through content and technology. As we grow more and more as a unique entertainment platform, today we seek to introduce innovative concepts such as the “Income Lab” that provide the first-of-its-kind experience, connecting electronic and non-electronic worlds, and bridging the gap. Between the traditional and digital entertainment sectors, and support for local creative communities.

F said. Jacob Serian, Co-CEO of Anghami: “Prior to being listed on the NASDAQ, Anghami met many expectations, and was committed to launching innovative offerings, expanding its global reach and providing greater value to customers by offering the best. Class content. “New and innovative features.

Follow the economic report through Google News