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SEC filingAnghami Inc. reported FY2025 revenue of $99.3 million, up 27% from $78.1 million in 2024, with paid subscribers exceeding 3.5 million and registered users over 130 million.
Anghami's FY2025 results reflect the first full year of OSN+ consolidation from April 1, 2024, driving 27% revenue growth to $99.3 million through subscriber expansion across Anghami Plus and OSN+ segments. Paid subscribers surpassed 3.5 million, supported by a registered user base exceeding 130 million, bolstered by integrations with 45 telco operators that enhance conversion rates via frictionless payments and co-branded campaigns. Strategic moves included Warner Bros. Discovery's $57 million minority stake in OSN Streaming Limited, securing expanded content access like HBO titles and joint regional production investments. Distribution partnerships with Noon, talabat, and the Epic Bundle with Shahid and Disney+ delivered strong activation and conversion, while the in-house OSN+ platform rebuild introduced 4K and AI recommendations, improving user experience. CEO Elie Habib highlighted progress in platform rebuild, originals like The Fashionista, and partnerships amid regional challenges, noting profitability pressure from full-year fixed video licensing fees. Looking to 2026, Anghami eyes revenue scaling, unit economics improvement, and operating leverage via content slate including House of the Dragon and bundled models, with Form 20-F filed concurrently for detailed financials.