Revenue rose 97% year on year to $48.4m for the six-month period ended 30 June 2025, driven by the OSN+ integration and growing subscription income.
Anghami Inc. has reported a sharp rise in revenue and subscribers for the six months ended June 30, 2025, highlighting the positive impact of its OSN+ platform integration and its expanded strategic partnership with Warner Bros. Discovery.
During the first half of 2025, Anghami recorded revenue of $48.4m, representing year-on-year growth of 97%. The increase was largely driven by higher subscription income following the integration of OSN+, with subscription revenue rising to $43m. The company’s paid subscriber base also doubled to 3.54m by the end of June, while total registered users surpassed 120m across the region, reflecting strong conversion from free to paid offerings.
A key milestone during the period was a $57m strategic investment by Warner Bros. Discovery into OSN Streaming Ltd., Anghami’s majority owner. The investment further strengthened the partnership between the companies and reinforced OSN+ as the exclusive home for HBO content, Max Originals and a broad range of international entertainment for audiences across MENA.
Commenting on Anghami’s results, Elie Habib, CEO of Anghami, said: “H1 2025 revenue reached $48.4m, driven by subscription income rising to $43m following the OSN+ integration. On the operational side, we delivered 99.9% uptime and improved app store ratings from 3.8 to 4.6 stars. Warner Bros. Discovery’s $57m investment in OSN Streaming reinforces our partnership and keeps HBO, Max Originals, and global hits exclusive to OSN+ viewers across MENA. Looking ahead, our new collaboration with Talabat expands OSN+ distribution and positions us to accelerate subscriber growth through 2026 and beyond.”
Operationally, the first half of the year marked a transformational phase for Anghami. The integration of music and video services into a single, unified platform enabled seamless access to a broader range of content, driving higher engagement and encouraging users to upgrade to full entertainment subscriptions. However, the company reported a net loss of $37.1m for the period, reflecting increased investment in subscriber acquisition, OSN+ integration costs and broader platform expansion. Management said it is taking steps to adjust the cost base and enhance the benefits of scale as the business continues to grow.
Anghami also expanded its distribution reach during the period through new OSN+ partnerships with PlayStation and Noon, opening additional customer acquisition channels. The platform strengthened its cultural footprint through major live events, including the Amr Diab and Adam Port concert in Abu Dhabi and a Nancy Ajram activation at Riyadh Boulevard.
After the reporting period, Anghami further reinforced its ecosystem with a distribution agreement with Talabat, creating new pathways for content discovery and user growth. The company has also confirmed a slate of major content launches planned for early 2026, featuring exclusive regional productions alongside expanded international partnerships.
Looking ahead, Anghami said it is well positioned to benefit from rising demand for digital entertainment across the MENA region. Its partnerships, particularly with Warner Bros. Discovery, are expected to continue driving subscriber growth through 2025 and 2026. While management anticipates continued topline growth in the second half of the year, it noted that profitability will remain under pressure in the near term as investments continue, until operational synergies are fully realised and the combined platform reaches optimal scale across its markets.
