Anghami gains on higher H1 revenue, rising subscriber base

Anghami

07/03/2023 11:40

** U.S.-listed shares of UAE-based audio streaming platform
Anghami Inc  ANGH.O  rise 8.7% to $1.99 premarket
    ** ANGH says H1 2022 revenue grew 29% to $21.1 mln
    ** Anghami reports that monthly paying subscribers up by 41%
y/y in 6-month period ended June 30, 2022
    ** Co says active users in H1 which increased by 46% y/y to
19.5 mln users driving increased advertising and subscription
revenue
    ** "The latest first half results should produce a record
year for Anghami in 2022" - co-founder and CEO Eddy Maroun
    ** Up to last close, stock had risen ~15% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))