Anghami, regional music and entertainment streaming platform, has reported its preliminary results for the first half of 2022, ending June 30, 2022.
The primary insights, according to the streaming platform, were as below:
The total revenue grew 29 per cent year-over-year to $21.1 million. The number of monthly paying subscribers increased 41 per cent year-over-year. This growth was primarily due to higher conversion rates of advertising-supported users to paying subscribers and a higher number of active users, which increased 46 per cent year-over-year to 19.5 million users, resulting in increased advertising and subscription revenues. Anghami recorded negative foreign currency ef
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