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Anghami De Inc (ANGH)



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Upturn Advisory Summary
08/28/2025: ANGH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $17
1 Year Target Price $17
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -34.38% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 21.64M USD | Price to earnings Ratio - | 1Y Target Price 17 |
Price to earnings Ratio - | 1Y Target Price 17 | ||
Volume (30-day avg) 1 | Beta 1.25 | 52 Weeks Range 2.53 - 9.46 | Updated Date 08/29/2025 |
52 Weeks Range 2.53 - 9.46 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-09-03 | When - | Estimate - | Actual - |
Profitability
Profit Margin -81.38% | Operating Margin (TTM) -72.66% |
Management Effectiveness
Return on Assets (TTM) -53.44% | Return on Equity (TTM) -285.53% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 19761661 | Price to Sales(TTM) 0.28 |
Enterprise Value 19761661 | Price to Sales(TTM) 0.28 | ||
Enterprise Value to Revenue 0.27 | Enterprise Value to EBITDA -0.68 | Shares Outstanding 6688710 | Shares Floating 1704247 |
Shares Outstanding 6688710 | Shares Floating 1704247 | ||
Percent Insiders - | Percent Institutions 28.71 |
Upturn AI SWOT
Anghami De Inc

Company Overview
History and Background
Anghami is a music streaming platform serving the Middle East and North Africa (MENA) region. Founded in 2012, it was one of the first legal music streaming services in the region. It has grown through partnerships and content licensing agreements.
Core Business Areas
- Music Streaming: Anghami's core business is providing on-demand music streaming services to users in the MENA region, offering a vast library of Arabic and international music.
- Podcast Hosting and Distribution: Anghami has expanded into podcast hosting and distribution, catering to the growing popularity of podcasts in the MENA region.
- Advertising: Anghami generates revenue through advertising, offering brands the opportunity to reach its user base through audio and display ads.
- Subscription Services: Anghami offers premium subscription tiers providing ad-free listening, offline downloads, and other enhanced features.
Leadership and Structure
The company is led by Eddy Maroun (CEO) and Elie Habib (CTO) and has a typical corporate structure with departments for technology, content, marketing, sales, and finance.
Top Products and Market Share
Key Offerings
- Music Streaming Service: Anghami provides access to a vast library of music through its app and website. It has a sizable user base in the MENA region, although market share data varies. Competitors include Spotify (SPOT), Apple Music (AAPL), and Deezer. Exact revenue figures for this product are not publicly available.
- Podcast Platform: Anghami hosts and distributes podcasts, expanding its content offerings and attracting new users. The MENA podcast market is still developing, so market share data is limited. Competitors include Spotify (SPOT), Apple Podcasts (AAPL), and regional podcasting platforms. Revenue figures are not publicly available.
Market Dynamics
Industry Overview
The music streaming industry is highly competitive, with major global players and regional services vying for users. Growth is driven by increasing smartphone penetration and internet access, especially in emerging markets. The MENA region has unique cultural and linguistic characteristics that favor local players like Anghami.
Positioning
Anghami is positioned as the leading music streaming service in the MENA region, with a focus on Arabic music and content. Its competitive advantages include its understanding of local tastes, partnerships with regional artists and labels, and established user base.
Total Addressable Market (TAM)
The total addressable market for music streaming in the MENA region is estimated to be in the hundreds of millions of dollars and growing. Anghami is positioned to capture a significant share of this market by focusing on its regional expertise and content offerings.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in the MENA region
- Extensive catalog of Arabic music
- Established partnerships with local artists and labels
- Deep understanding of regional user preferences
- First-mover advantage in the MENA music streaming market
Weaknesses
- Limited global reach compared to major players
- Reliance on licensing agreements for content
- Vulnerability to competition from well-funded international services
- Profitability challenges in a price-sensitive market
- Limited diversification beyond music streaming
Opportunities
- Expansion into new MENA markets
- Development of original Arabic content
- Partnerships with telecom operators and other distribution channels
- Monetization of podcast platform
- Leveraging data analytics to improve user experience and targeting
Threats
- Increasing competition from global streaming services
- Piracy and unauthorized content distribution
- Economic instability in the MENA region
- Changes in licensing agreements and royalty rates
- Technological disruption
Competitors and Market Share
Key Competitors
- SPOT
- AAPL
- DEEZER.PA
Competitive Landscape
Anghami's advantages over global competitors include its focus on Arabic music and local market expertise. Its disadvantages include its smaller scale and limited global reach.
Major Acquisitions
SpotHit
- Year: 2021
- Acquisition Price (USD millions): 5.5
- Strategic Rationale: Strengthen Anghami's advertising capabilities and enhance its ad technology platform.
Growth Trajectory and Initiatives
Historical Growth: Anghami has experienced growth in user base and revenue since its founding. Historical growth rates are not readily available in numerical format.
Future Projections: Analyst estimates for Anghami's future growth are not readily available in numerical format without access to detailed financial reports and analyst coverage.
Recent Initiatives: Recent initiatives include expanding its podcast platform, partnering with telecom operators, and investing in original Arabic content.
Summary
Anghami is the leading music streaming platform in the MENA region, benefitting from its focus on Arabic music and local market expertise. It faces competition from global giants like Spotify and Apple Music but maintains a strong brand and user base. Anghami's success hinges on its ability to adapt to evolving consumer preferences and navigate the competitive landscape of the digital music market. They should focus on long term goals and profitability as the industry is still evolving and fragmented.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Press Releases
- Analyst Reports (limited access)
- SEC Filings
Disclaimers:
This analysis is based on publicly available information and may not reflect all factors relevant to Anghami's performance. Market share data is approximate and may vary depending on the source. Financial figures are based on my knowledge cutoff and may not be completely up-to-date.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Anghami De Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2022-02-03 | Co-Founder, CEO & Director Mr. Elias Nabil Habib | ||
Sector Communication Services | Industry Entertainment | Full time employees 186 | Website https://www.anghami.com |
Full time employees 186 | Website https://www.anghami.com |
Anghami Inc. operates a music-streaming platform in the Middle East and North Africa. The company offers digital entertainment and online streaming services, including music, podcasts, music videos, live events, movies, and series. It also provides a library of approximately 18,000 hours of premium video, including HBO content; and approximately 100 million Arabic and international songs and podcasts. In addition, the company offers various devices and payment methods. It offers its services through the Anghami Music and OSN+ Video apps. The company was founded in 2012 and is headquartered in Abu Dhabi, United Arab Emirates.

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