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Anghami De Inc (ANGH)



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Upturn Advisory Summary
09/17/2025: 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 21.47M USD | Price to earnings Ratio - | 1Y Target Price 17 |
Price to earnings Ratio - | 1Y Target Price 17 | ||
Volume (30-day avg) 1 | Beta 1.24 | 52 Weeks Range 2.53 - 9.40 | Updated Date 09/17/2025 |
52 Weeks Range 2.53 - 9.40 | Updated Date 09/17/2025 | ||
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 19593774 | Price to Sales(TTM) 0.27 |
Enterprise Value 19593774 | Price to Sales(TTM) 0.27 | ||
Enterprise Value to Revenue 0.25 | Enterprise Value to EBITDA -0.68 | Shares Outstanding 6688710 | Shares Floating 1704247 |
Shares Outstanding 6688710 | Shares Floating 1704247 | ||
Percent Insiders 71.92 | Percent Institutions 2.87 |
Upturn AI SWOT
Anghami De Inc

Company Overview
History and Background
Anghami, founded in 2011, is the leading music streaming platform in the Middle East and North Africa (MENA). It went public in 2022 via a SPAC merger with Vistas Media Acquisition Company Inc. Significant milestones include securing major label partnerships and expanding its user base across the MENA region and beyond.
Core Business Areas
- Music Streaming: Provides on-demand music streaming services to users via subscription or ad-supported models.
- Podcast Hosting: Offers a platform for podcast creators to host and distribute their content.
- Advertising: Generates revenue through advertising placements within the Anghami app and website.
- Anghami Lab: Focuses on live entertainment and creator tools to enhance user experiences.
Leadership and Structure
Eddy Maroun (Co-founder and CEO) leads Anghami. The organizational structure includes departments for technology, content, marketing, and finance, overseen by a board of directors.
Top Products and Market Share
Key Offerings
- Description: Paid tier offering enhanced features and removing ads.
- Premium Subscription: Offers ad-free listening, offline downloads, and higher audio quality. No specific market share data readily available. Competitors include Spotify and Deezer.
- Description: Free access with ads for broader reach.
- Free Ad-Supported Streaming: Provides access to Anghami's music library with ad interruptions. User numbers are substantial but not broken out specifically. Competitors are Spotify and YouTube Music
Market Dynamics
Industry Overview
The music streaming industry is experiencing substantial growth, driven by increasing smartphone penetration and internet access. The MENA region shows strong growth potential.
Positioning
Anghami is the leading player in the MENA region, with a strong focus on Arabic music. Its competitive advantage lies in its localized content and cultural understanding.
Total Addressable Market (TAM)
The global music streaming market is projected to reach hundreds of billions of dollars. Anghami is positioned to capture a significant share of the MENA market.
Upturn SWOT Analysis
Strengths
- Leading market position in MENA
- Strong brand recognition
- Extensive catalog of Arabic music
- Localized content and cultural understanding
Weaknesses
- Limited global presence
- Dependence on the MENA market
- Competition from global players like Spotify and Apple Music
- Profitability challenges
Opportunities
- Expanding into new markets
- Developing innovative features
- Forging strategic partnerships
- Increasing subscription revenue
Threats
- Intense competition
- Piracy and copyright infringement
- Economic instability in the MENA region
- Changing consumer preferences
Competitors and Market Share
Key Competitors
- SPOT
- AAPL
- DEEZR
Competitive Landscape
Anghami's advantage is its focus on the MENA region and Arabic music. However, it faces intense competition from global players with larger resources and broader content catalogs.
Growth Trajectory and Initiatives
Historical Growth: Anghami has experienced strong user growth in the MENA region.
Future Projections: Future growth projections are not available in this context. Refer to analyst estimates.
Recent Initiatives: Recent initiatives include expanding its podcast offerings, investing in live entertainment, and focusing on creator tools.
Summary
Anghami is the leading music streaming platform in the MENA region with a strong focus on Arabic music, giving them a competitive advantage. It faces increasing competition from global players like Spotify and Apple Music, which may hinder growth. The company's future success hinges on its ability to expand its subscription base, innovate its product offerings, and capitalize on opportunities in the growing MENA market. Continued financial growth needs to be a focus.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Market Analysis
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice.
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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