Anghami Inc. (ANGH)

NASDAQ: ANGH · IEX Real-Time Price · USD
2.19
-0.12 (-5.19%)
Feb 6, 2023, 1:39 PM EST - Market open
-5.19%
Market Cap 56.95M
Revenue (ttm) 35.50M
Net Income (ttm) -17.79M
Shares Out 26.01M
EPS (ttm) -206.90
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,932
Open 2.19
Previous Close 2.31
Day's Range 2.17 - 2.29
52-Week Range 1.47 - 33.13
Beta -0.36
Analysts Buy
Price Target 17.34 (+691.78%)
Earnings Date n/a

About ANGH

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates. [Read more]

Industry Entertainment
Founded 2012
Employees 169
Stock Exchange NASDAQ
Ticker Symbol ANGH
Full Company Profile

Financial Performance

In 2021, Anghami's revenue was $35.50 million, an increase of 16.34% compared to the previous year's $30.52 million. Losses were -$17.79 million, 218.4% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ANGH stock is "Buy." The 12-month stock price forecast is $17.34, which is an increase of 691.78% from the latest price.

Price Target
$17.34
(691.78% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Anghami Lab Opens in Boulevard Riyadh City, Bringing a Whole New Experience to the City's Buzzing Music and Social Scene

RIYADH, KSA--(BUSINESS WIRE)--Anghami, the leading music and entertainment streaming platform in the Middle East and North Africa (MENA) region, has launched an innovative new entertainment venue in...

2 months ago - Business Wire

Anghami Reports Preliminary Q3 2022 Unaudited Results With 29% Y-O-Y Revenue Growth and Gross Profit Increase

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading music and entertainment streaming platform in the Middle East and Africa regio...

2 months ago - Business Wire

Anghami Reports Strong Preliminary H1 2022 Results With 29% Y-O-Y Revenue and 41% Y-O-Y Monthly Subscriber Growth

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--ANGHAMI REPORTS STRONG PRELIMINARY H1 2022 RESULTS WITH 29% Y-O-Y REVENUE AND 41% Y-O-Y MONTHLY SUBSCRIBER GROWTH

6 months ago - Business Wire

Anghami Acquires Live Events and Concerts Company Spotlight, as It Expands Into Offline and Virtual Entertainment

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa (MENA), has announ...

7 months ago - Business Wire

A Decade of Partnership Renewed as MBC GROUP and Anghami Renew Their Marketing Agreement

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--MBC GROUP has set a new dimension for the marketing collaboration with Anghami Inc. (NASDAQ: ANGH), and renewed its marketing agreement.

8 months ago - Business Wire

Anghami, Volkswagen Partner to Promote Safer Driving

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Volkswagen Middle East has partnered with music streaming platform Anghami (NASDAQ:ANGH) to promote safe driving using Anghami's Auto Car Mode, a uniq...

9 months ago - Business Wire

Anghami Reports Full Year 2021 Financial Results With Total Revenue of $35.5 Mn, Up 16% Year-Over-Year, and Preliminary Q1 2022 Revenue of $9.3 Mn Up 23%

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (Nasdaq: ANGH) (the “Company” or “Anghami”) today announced that it has filed its annual report on Form 20-F (the “Form 20-F”) for the ye...

9 months ago - Business Wire

Anghami and TOD Partner to Provide Users With World Class Sports and Entertainment Content

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa (MENA), and TOD, t...

10 months ago - Business Wire

Rotana and Anghami Sign Strategic Partnership to Bring Largest Arabic Library Back to Platform

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Rotana Music Holding, the Arab World's leading independent record label and largest repertoire owner of Arabic music, media, entertainment, events, and content p...

10 months ago - Business Wire

Anghami Rebrands on the Back of Landmark NASDAQ Listing

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami (NASDAQ: ANGH), the leading music streaming and entertainment platform in the Middle East and North Africa, has unveiled a new brand identity.

11 months ago - Business Wire

Anghami Signs Global Arab Megastar Amr Diab Exclusively on His Past and Upcoming Music

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Amr Diab, the Global Arab megastar and all-time best-selling Middle Eastern artist, is moving exclusively to Anghami. Anghami Inc. (“Anghami”) (NASDAQ...

1 year ago - Business Wire

ANGH Stock Alert: Why Is Anghami Skyrocketing More Than 100% Higher Today?

ANGH stock is flying higher today, up more than 100%. Here's what you need to know about the music-streaming platform.

1 year ago - InvestorPlace

ANGH Stock Alert: 9 Things to Know as Anghami Skyrockets After SPAC Merger

There's a new music-streaming company trading publicly, and it's up more than 55% today. Here's what you need to know about ANGH stock.

1 year ago - InvestorPlace

Anghami Becomes the First Arab Tech Company to Be Listed on NASDAQ Stock Exchange as It Begins Trading on February 4, 2022

NEW YORK--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music streaming platform and service in the Middle East and North Africa, announced today that is has completed its busi...

1 year ago - Business Wire

Vistas Media Acquisition Company Inc. and Anghami Inc. Announce Closing of Business Combination

Anghami Expected to Begin Trading on the NASDAQ on February 4, 2022 at 9:30 AM ET Under the Ticker Symbol “ANGH” Anghami Expected to Begin Trading on the NASDAQ on February 4, 2022 at 9:30 AM ET Under...

1 year ago - GlobeNewsWire

VMAC Stock Alert: 7 Things to Know as VMAC Soars Ahead of Anghami SPAC Merger

Today, investors in Vistas Media Acquisition Corp. and VMAC stock are seeing a lot of green, as investors become bullish about its merger. The post VMAC Stock Alert: 7 Things to Know as VMAC Soars Ahe...

1 year ago - InvestorPlace

ADGM headquartered Anghami marks approval to list on NASDAQ with bell-ringing ceremony

ABU DHABI, UAE, Feb. 3, 2022 /PRNewswire/ -- Abu Dhabi Global Market (ADGM) proudly welcomes the approval to list of Anghami, an ADGM registered public company, on NASDAQ following its successful merg...

1 year ago - PRNewsWire

Vistas Media Acquisition Company Inc. Shareholders Approve Business Combination with Anghami Inc.

NEW YORK, Jan. 21, 2022 /PRNewswire/ -- Anghami Inc. ("Anghami" or the "Company"), the leading music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Co...

1 year ago - PRNewsWire

Vistas Media Acquisition Company Inc. Announces that the SEC Has Declared Anghami's Form F-4 Effective in Connection with its Previously Announced Business Combination

NEW YORK, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Anghami Inc. (“Anghami” or the “Company”), the leading music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisitio...

1 year ago - GlobeNewsWire

Vistas Media Acquisition Company Inc. and Anghami Announce Joint Venture Between Sony Music Entertainment Middle East and Anghami For New Record Label ‘Vibe Music Arabia'

NEW YORK, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Anghami Inc. (“Anghami”), the leading music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisition Company Inc. (N...

1 year ago - GlobeNewsWire

Anghami and Vistas Media Acquisition Company Inc. Announce Filing of Anghami's Amended Registration Statement with the U.S. Securities and Exchange Commission

Filing Includes First-Half 2021 Financials Filing Includes First-Half 2021 Financials

1 year ago - GlobeNewsWire

Vistas Media Acquisition Company Inc. Announces Filing of Registration Statement with the U.S. Securities and Exchange Commission With Respect to Proposed Business Combination With Anghami

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Anghami Inc. (“Anghami” or the “Company”), the leading music streaming platform and service in the Middle East and North Africa, and Vistas Media Acquisitio...

1 year ago - GlobeNewsWire

PUBG MOBILE MENA and Anghami Join Forces to Bring Music Rewards to Players

PUBG MOBILE players will have the chance to redeem special music prizes and enjoy exclusive Anghami playlists from September 30th - October 7th PUBG MOBILE players will have the chance to redeem speci...

1 year ago - GlobeNewsWire

Amazon Prime and Anghami Collaborate in Saudi Arabia and United Arab Emirates with Anghami Plus

NEW YORK, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Amazon and Anghami, have today announced that Amazon Prime members in Saudi Arabia and the UAE can enjoy an exclusive six-months free offer on Anghami Plus...

1 year ago - GlobeNewsWire

Amazon Prime Members in Saudi Arabia and the UAE Can Now Enjoy an Exclusive Offer of 6 Months of Anghami Plus For Free

Millions of songs and podcasts, unlimited downloads, and more, from the region's leading music streaming service, will now be available to Amazon Prime members in Saudi Arabia and the UAE, free of cha...

1 year ago - GlobeNewsWire