Anghami (NASDAQ:ANGH) saw its revenue skyrocket in the first half of 2025, as the integration of the OSN+ video service transformed the Abu Dhabi-based company into a regional entertainment powerhouse.
For the six months ended June 30, 2025, revenue surged 97% year-on-year to $48.4 million.
The growth was spearheaded by a massive jump in subscription income, which reached $43 million, following the company’s pivot to a unified music-and-video offering.
The platform’s paid subscriber base doubled during the period to 3.54 million, while total registered users exceeded 120 million.
The results highlight the immediate impact of Anghami’s landmark deal with OSN Group and a strategic $57 million investment from Warner Bros. Discovery into OSN Streaming Ltd., Anghami's majority owner.
This partnership has cemented Anghami as the exclusive MENA home for high-value content, including HBO and Max Originals.
"H1 2025 revenue reached $48.4 million, driven by subscription income following the OSN+ integration," said Elie Habib, CEO of Anghami.
"Warner Bros. Discovery’s investment reinforces our partnership and keeps global hits exclusive to our viewers."
Despite the top-line success, the company reported a net loss of $37.1 million for the period.
Management attributed the deficit to heavy one-time integration costs and aggressive spending on subscriber acquisition for the new unified platform.
However, the company noted significant operational gains, including a boost in app store ratings to 4.6 stars and the maintenance of 99.9% system uptime.
Looking ahead, Anghami is banking on new distribution deals with regional giants Talabat, PlayStation, and Noon to maintain its momentum into 2026.
Shares of Anghami surged over 40% in Tuesday trading as investors cheered the rapid scaling of the business.