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Anghami
Market news
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Revenue | 11.24M | -18.10% |
Operating expense | 5.80M | 47.01% |
Net income | -1.93M | -15.94% |
Net profit margin | -17.17 | -41.55% |
Earnings per share | — | — |
EBITDA | -1.79M | -2,142.70% |
Effective tax rate | -11.40% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | 6.24M | 100.16% |
Total assets | 19.46M | -34.32% |
Total liabilities | 33.56M | -6.96% |
Total equity | -14.10M | — |
Shares outstanding | 29.71M | — |
Price to book | -0.06 | — |
Return on assets | -27.98% | — |
Return on capital | 39.10% | — |
Cash Flow
Net change in cash
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Net income | -1.93M | -15.94% |
Cash from operations | -1.10M | -399.26% |
Cash from investing | -100.20K | 90.54% |
Cash from financing | 3.68M | 299.00% |
Net change in cash | 2.48M | 973.52% |
Free cash flow | -891.37K | 58.44% |
About
Anghami is the first legal music streaming platform and digital distribution company in the Arab world. It launched in November 2012 in Lebanon, providing unlimited Arabic and international music to stream and download for offline mode.
It is designed for the Middle East and North Africa to provide the largest music catalog of licensed content from the major Arabic/regional labels such as Melody, Mazzika, Platinum Records and many other independent labels, in addition to international majors labels such as Sony, Universal and Warner Music. It is one of the largest digital music ventures in the Middle East, seed funded by MEVP.
On April 2, 2024, streaming platform OSN+ completed the acquisition of a 55.45% stake in Anghami. In the previous month, MBC Group had already acquired a 13.7% stake in the Lebanese company. Wikipedia
Founded
Nov 2012
Website
Employees
146
