Subscriber Growth - Premium subscribers grew by 18%, reaching 1.87 million as of March 31, 2024[1] - Anghami's user base exceeds 120 million registered users and 2.5 million paid subscribers[7] Revenue and Financial Performance - Total revenues increased by 8%, primarily driven by a 27% growth in subscription revenue[2] - Gross margin improved from 20% to 26%[1] - Operating loss reduced from 2.7 million, indicating progress towards profitability[2] - The company anticipates significant revenue growth following the OSN+ transaction[4] Strategic Partnerships and Transactions - Anghami completed a significant transaction with OSN+, receiving a cash investment of $38 million and integrating video streaming services[3] - The company has established partnerships with 47 telcos across MENA, facilitating customer acquisition and subscription payments[7] Marketing and Events - The company executed a successful concert with Amr Diab, generating substantial regional excitement and media buzz[3] - Anghami's core subscription business continues to grow despite challenges, supported by a rapidly expanding advertising and production segment[5]
Anghami (ANGH) - 2023 Q4 - Annual Report