Business
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%
FINANCIAL HIGHLIGHTS 2021 Total revenue increased to $35.5 million in 2021 – (16% year-over-year) with overall gross margin reaching 25.5% Subscription
About this update from Anghami Inc.
[{"type":"text","content":"\nFINANCIAL HIGHLIGHTS 2021\n\n\nTotal revenue increased to $35.5 million in 2021 – (16% year-over-year) with overall gross margin reaching 25.5%\n\n\nSubscription revenue reached $25.7 million in 2021 – notably by converting 43% more paying subscribers into the monthly plan\n\n\nAdvertising revenues grew by 70% to $9.8 million – with advertising gross margin growing from 38% in 2020 to 53% in 2021\n\n\nPRELIMINARY UNAUDITED RESULTS FOR Q1 2022\n\n\nTotal revenue increased 23% year-over-year to $9.3 million driven by the growth in subscription revenue growing 26% year-over-year\n\n\n18.5 million active users representing growth of 20% year-over-year\n\n\nARPU grows 10% year-over-year driven by 43% growth in monthly paying subscribers\n\n\n ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--\nAnghami 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 year ended December 31, 2021, with the U.S. Securities and Exchange Commission on Friday, May 13, 2022. The Form 20-F can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at https://www.anghami.com/investors. In addition, the Company’s stockholders and warrant holders may receive a hard copy of the Form 20-F, which includes the Company’s complete audited financial statements, free of charge by requesting a copy from the Company’s Investor Relations department at [email protected]\n\nFor the year ended December 31, 2021, Anghami's paid subscribers increased to 1.4 million, driven by improved customer retention, the introduction of new subscription plans and smart billing enhancements. Subscription revenue also increased due to a focus on monthly subscriptions1, which grew by 47% year-over-year to 1.2 million users in 2021.\n\nAd-Supported revenues for the year ended December 31, 2021, increased as brands restarted investment in advertising after the pandemic, which resulted in a 70% growth in ad revenue year-over-year, driven by an increase in bespoke branded content production, content promotion and in-house productions.\n\nGrowing partnerships and exclusive content: Accelerating support for the Arab artist community and delivering unique interactive user experiences.\n\nAnghami has expanded its partnerships with telecom operators across the region from 35 to 4...