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Anghami Inc. Warrants (ANGHW)



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Upturn Advisory Summary
02/12/2025: ANGHW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -81.25% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 22698 | Beta 1.42 | 52 Weeks Range 0.01 - 0.10 | Updated Date 02/14/2025 |
52 Weeks Range 0.01 - 0.10 | Updated Date 02/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -185.24 |
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -60.31% | Operating Margin (TTM) -88.2% |
Management Effectiveness
Return on Assets (TTM) -23.26% | Return on Equity (TTM) -82.17% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 17025758 |
Shares Outstanding - | Shares Floating 17025758 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Anghami Inc. Warrants: A Comprehensive Overview
Company Profile:
Detailed History and Background: Anghami Inc., originally Anghami FZ-LLC, was established in 2012 in Abu Dhabi, UAE. The company developed Anghami, a music streaming service for the Arab world, offering over 60 million tracks and podcasts in Arabic and international content. Anghami was the first legal music streaming platform in the MENA region. In 2021, Anghami completed a Business Combination Agreement (BCA) with Vistas Media Acquisition Company Inc., a special-purpose acquisition company (SPAC), and became publicly listed on the Nasdaq stock exchange under the ticker symbol ANGH (for Class A ordinary shares) and ANGHW (for warrants) on October 4th, 2021.
Business Model: Anghami operates a freemium subscription-based business model.
- Free Tier: Users access free, limited content with advertising.
- Premium Tier: Paid subscriptions remove advertising, provide higher-quality audio, access to exclusive content and offline playback.
Leadership and Corporate Structure:
- Elie Habib, co-founder, serves as Chief Executive Officer (CEO).
- Eddy Maroun, co-founder, serves as Chief Technology Officer (CTO).
- Jad Khabbaz, co-founder, serves as Vice President.
- Board members include experienced professionals with expertise in music, technology, finance, and law.
Top Products and Market Share:
Top Products:
- Anghami music streaming app available on iOS, Android, and web platforms.
- Free and premium subscription tiers with different features.
- Curated playlists, podcasts, and user-generated content.
Market Share:
- Anghami holds the largest market share in the MENA region's music streaming market, estimated to be around 47%.
- Global presence, with operations across 70+ markets.
- Faces competition from international giants like Spotify and regional competitors like Deezer and Soundcloud.
Total Addressable Market:
The global market for music streaming is significant and growing rapidly, estimated to reach USD 75.13 billion by 2032. The MENA region represents a high-potential market, with increasing internet and smartphone penetration driving the adoption of music streaming services.
Financial Performance:
Latest financials as of Q3 2023:
- Revenue: USD 36 million
- Gross profit margin: 35%
- Operating loss: USD 9.2 million
- EPS (Diluted): USD (0.17)
Year-over-Year Performance:
- Revenue increased 28% year-over-year.
- Gross profit margin increased from 30% in Q3 2022.
- Operating loss improved compared to Q3 2022.
- EPS (Diluted) was (USD 0.18) in Q3 2022.
Financial Health:
- Strong cash position – USD 181 million as of Q3 2023.
- Improved gross margin indicating better cost management.
- Operating losses indicate the need for further scale and monetization improvements to achieve profitability.
Dividends and Shareholder Returns:
- Anghami, as a high-growth company, does not currently pay dividends to focus on reinvestment and expansion.
- Total Shareholder Return (TSR):
- 1 year: -26%
- 5 years (since IPO): -38%
Growth Trajectory:
- Historical Growth: Revenue has grown at a CAGR of 45% between FY 2018 and FY 2022.
- Future Projections: Management projects 45% revenue growth in FY2023 and expects continued strong growth thereafter, driven by user acquisition, market penetration, and strategic initiatives.
- Growth Prospects: Expansion in newer markets, new strategic partnerships (ex. OSN, Starzplay), investments in Arabic music content, and focus on personalization through AI.
Market Dynamics:
- The music streaming industry is dynamic and competitive.
- Growing penetration of smartphones and high-speed internet drives market expansion.
- Technological advancements offer new features and personalized experiences.
- Piracy remains a challenge in some markets.
- Anghami is positioned as the leading platform in MENA, leveraging regional content and understanding.
Competitors:
- Spotify (NYSE: SPOT)
- Global market leader
- Market Share: 31%
- Wider international presence
- Strong brand recognition
- Larger financial resources
- Deezer (EPA: DEEZ)
- Strong presence in France and Europe
- Market share: 2%
- Focuses on French and European content
- Anghami has advantages in its regional expertise, focus on Arabic content, and established partnerships.
Challenges and Opportunities:
Key Challenges:
- Intense competition from global and local players.
- Balancing growth and achieving profitability.
- Protecting intellectual property and combating piracy. Potential Opportunities:
- Expanding to new markets and user segments
- Introducing innovative features and personalized experiences.
- Partnerships and collaborations with music labels, artists, and other technology companies.
Recent Acquisitions (last 3 years):
None reported in the last three years.
AI-Based Fundamental Rating:
Rating: 6.5/10
Strengths:
- Leader in MENA market with strong brand recognition.
- High growth potential and positive future projections.
- Improved financials and strong investor backing.
- Focus on AI-driven personalization and content discovery.
Weaknesses:
- Unprofitable, with continued operating losses.
- Intense competition from global players.
- Limited international presence compared to bigger competitors.
Sources and Disclaimer:
- Anghami Inc. Investor Relations Page: https://investors.anghami.com/
- Anghami Q3 2023 earnings press release: https://investors.anghami.com/news/news-details/2023/Anghami-Reports-Third-Quarter-2023-Financial-Results/default.aspx
- Statista: https://www.statista.com/
- Yahoo Finance: https://finance.yahoo.com/
Disclaimer
This information is provided for educational and informational purposes only. It is not intended to be a substitute for professional financial advice. Please conduct thorough independent research and consult with a qualified financial advisor before making any investment decisions.
About Anghami Inc. Warrants
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2020-08-21 | Co-Founder, CEO & Director Mr. Elias Nabil Habib | ||
Sector Communication Services | Industry Entertainment | Full time employees 146 | Website https://www.anghami.com |
Full time employees 146 | Website https://www.anghami.com |
Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and operates a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is headquartered in Abu Dhabi, the United Arab Emirates.
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