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ANGH 
Anghami De Inc (ANGH)
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Upturn Advisory Summary
11/10/2025: ANGH (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
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  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/10/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 18.70M USD | Price to earnings Ratio - | 1Y Target Price 17 |
Price to earnings Ratio - | 1Y Target Price 17 | ||
Volume (30-day avg) 1 | Beta 1.36 | 52 Weeks Range 2.53 - 9.40 | Updated Date 11/9/2025 |
52 Weeks Range 2.53 - 9.40 | Updated Date 11/9/2025 | ||
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 - | 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 18122257 | Price to Sales(TTM) 0.24 |
Enterprise Value 18122257 | Price to Sales(TTM) 0.24 | ||
Enterprise Value to Revenue 0.23 | Enterprise Value to EBITDA -0.68 | Shares Outstanding 6688712 | Shares Floating 1714143 |
Shares Outstanding 6688712 | Shares Floating 1714143 | ||
Percent Insiders 74.76 | Percent Institutions 2.72 |
Upturn AI SWOT
Anghami De Inc
Company Overview
History and Background
Anghami, founded in 2012, is the leading music streaming platform in the Middle East and North Africa (MENA). It was the first legal music streaming platform in the region, establishing itself as a pioneer in digital music distribution in MENA.
Core Business Areas
- Music Streaming: Anghami's primary business is providing music streaming services to users across the MENA region and beyond. It offers a vast library of Arabic and international music, podcasts, and other audio content through its mobile app and web platform.
- Advertising: Anghami generates revenue through advertising, offering brands the opportunity to reach its large and engaged user base through audio and display ads.
- Subscription Services: Anghami offers premium subscription plans that provide users with ad-free listening, offline downloads, and other enhanced features.
Leadership and Structure
Eddy Maroun is the Co-Founder and CEO. The company operates with a functional organizational structure, with teams dedicated to technology, content, marketing, sales, and operations.
Top Products and Market Share
Key Offerings
- Music Streaming Platform: Anghami's core product is its music streaming platform, offering a vast library of Arabic and international music. Anghami holds a significant market share in the MENA region, estimated to be around 35-40%. Competitors include Spotify, Deezer, and Apple Music. Number of paid subscribers around 1.4 million in 2023. Revenue from music streaming is the primary revenue source.
- Podcast Streaming: Anghami offers a growing library of podcasts, catering to diverse interests. While specific market share data for Anghami's podcast offering is not readily available, it is a key growth area for the company. Competitors include Spotify, Apple Podcasts, and other podcast platforms.
Market Dynamics
Industry Overview
The music streaming industry is experiencing rapid growth globally, driven by increasing smartphone penetration, affordable data plans, and the convenience of on-demand music access. In the MENA region, the industry is still developing, with significant growth potential.
Positioning
Anghami is the leading music streaming platform in the MENA region, with a strong brand recognition, extensive Arabic music catalog, and established relationships with local artists and labels. Its competitive advantage lies in its deep understanding of the local market and its ability to cater to the specific needs of Arabic music listeners.
Total Addressable Market (TAM)
The total addressable market for music streaming in the MENA region is estimated to be several billion dollars. Anghami is well-positioned to capture a significant share of this market due to its strong brand presence and focus on Arabic music content. It's estimated TAM reaches 5 billion USD by 2030.
Upturn SWOT Analysis
Strengths
- Leading market position in MENA
- Extensive Arabic music catalog
- Strong brand recognition
- Established relationships with local artists and labels
- First-mover advantage
Weaknesses
- Dependence on the MENA market
- Limited international presence
- Lower average revenue per user (ARPU) compared to global competitors
- Piracy issues in the region
Opportunities
- Expansion into new markets outside MENA
- Partnerships with telecom operators and other businesses
- Growth of the podcast market
- Increasing smartphone penetration and data affordability in MENA
Threats
- Competition from global streaming giants (Spotify, Apple Music, Deezer)
- Piracy and copyright infringement
- Economic instability in the MENA region
- Changing consumer preferences
Competitors and Market Share
Key Competitors
- SPOT
- AAPL
- DEEZ
Competitive Landscape
Anghami's advantage is its strong presence in the MENA region and its focus on Arabic music content. However, it faces intense competition from global giants like Spotify and Apple Music, which have greater financial resources and broader international reach.
Major Acquisitions
MixRadio
- Year: 2016
- Acquisition Price (USD millions): 0
- Strategic Rationale: MixRadio provides Anghami with enhanced technology and talent to improve its service.
Growth Trajectory and Initiatives
Historical Growth: Anghami has experienced strong growth in user base and revenue since its inception, driven by the increasing adoption of music streaming in the MENA region.
Future Projections: Analysts project continued growth for Anghami, driven by increasing smartphone penetration, data affordability, and the company's expansion efforts. Revenue is projected to grow at a double-digit rate over the next few years.
Recent Initiatives: Recent strategic initiatives include expanding its podcast offerings, forging partnerships with telecom operators, and launching new marketing campaigns.
Summary
Anghami is a leading music streaming platform in the MENA region with a strong brand and extensive Arabic music catalog. While it faces competition from global giants and challenges related to profitability, its growth trajectory remains positive. Successful execution of its expansion plans and strategic partnerships will be crucial for its long-term success. Piracy remains a significant concern and could impact future revenue streams.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Reports
- Market Research Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on thorough research and consultation with a financial advisor.
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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