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    The Cribs gatecrash the Top 10 with their first three albums: “It’s perverse!”

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    Chaka Khan Says She’s Still Upset About ‘Sounding Like a Chipmunk

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    Journey Albums Ranked Worst to Best

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    Brad Paisley and Post Malone: Is More Than Bromance Brewing?

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    Luude Lands Second U.K. Top 40 Hit With ‘Big City Life’

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    Mo Ostin, Legendary Warner Bros Records Executive, Dies at 95

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    Joey King & Fiance Steven Piet Make Red Carpet Debut as Engaged Couple at L.A. Premere of ‘Bullet Train’

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    Mandy Moore Reveals Moving on From ‘This Is Us’ Is ‘Daunting’

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    Frankie Jonas Reveals Which Brother Is the Secret “Party Guy”

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    Nicki Minaj Shuts Down Allegations Made By Instagram Account Claiming To Be Her Former Assistant

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    Donald Trump Blasts Brittney Griner For Going To Russia ‘Loaded Up With Drugs’: She got caught & now we’re supposed to get her out for an absolute killer and one of the biggest arms dealers in the world

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    RNB MIX | RNB PARTY | BEST HIP HOP BLACK HITS 2022 | VOL 30

    TOP 40: Offizielle Deutsche Download Single Charts / 03. Oktober 2022

    TOP 40: Offizielle Deutsche Download Single Charts / 03. Oktober 2022

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    The Cribs gatecrash the Top 10 with their first three albums: “It’s perverse!”

    The Cribs gatecrash the Top 10 with their first three albums: “It’s perverse!”

    Chaka Khan Says She’s Still Upset About ‘Sounding Like a Chipmunk

    Chaka Khan Says She’s Still Upset About ‘Sounding Like a Chipmunk

    Journey Albums Ranked Worst to Best

    Journey Albums Ranked Worst to Best

    Brad Paisley and Post Malone: Is More Than Bromance Brewing?

    Brad Paisley and Post Malone: Is More Than Bromance Brewing?

    Luude Lands Second U.K. Top 40 Hit With ‘Big City Life’

    Luude Lands Second U.K. Top 40 Hit With ‘Big City Life’

    Mo Ostin, Legendary Warner Bros Records Executive, Dies at 95

    Mo Ostin, Legendary Warner Bros Records Executive, Dies at 95

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    10 Actors Who Weren’t Sober While Filming Movie Scenes

    10 Actors Who Weren’t Sober While Filming Movie Scenes

    Joey King & Fiance Steven Piet Make Red Carpet Debut as Engaged Couple at L.A. Premere of ‘Bullet Train’

    Joey King & Fiance Steven Piet Make Red Carpet Debut as Engaged Couple at L.A. Premere of ‘Bullet Train’

    Mandy Moore Reveals Moving on From ‘This Is Us’ Is ‘Daunting’

    Mandy Moore Reveals Moving on From ‘This Is Us’ Is ‘Daunting’

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    Frankie Jonas Reveals Which Brother Is the Secret “Party Guy”

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    Nicki Minaj Shuts Down Allegations Made By Instagram Account Claiming To Be Her Former Assistant

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    Better Call Saul Recap, Season 6, Episode 11: A Major Kim Clue

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    “Every Day I Learn That Y’all Getting Dumber and Dumber” [Video]

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    Sketchy Insider Claims Julia Roberts’ Marriage Apparently On ‘Life Support’ After Solo Appearance

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    Kate Middleton Wearing Shorts: Photos Showing Bare Legs

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    Rachael Leigh Cook Has The Fright Of Her Life In The Spooky Trailer For ‘Spirit Halloween: The Movie’

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    PICS Teresa Giudice Celebrates Bridal Shower With RHONJ Cast

    Donald Trump Blasts Brittney Griner For Going To Russia ‘Loaded Up With Drugs’: She got caught & now we’re supposed to get her out for an absolute killer and one of the biggest arms dealers in the world

    Donald Trump Blasts Brittney Griner For Going To Russia ‘Loaded Up With Drugs’: She got caught & now we’re supposed to get her out for an absolute killer and one of the biggest arms dealers in the world

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    Flipping through magazines with asmr explosion

    RUFUS GETTING MARRIED (with Ashley Ray) – XOXO, Gossip Kings – 305

    RUFUS GETTING MARRIED (with Ashley Ray) – XOXO, Gossip Kings – 305

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    RNB MIX | RNB PARTY | BEST HIP HOP BLACK HITS 2022 | VOL 30

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Anghami Posts 23% Revenue Jump In First Quarter On the Stock Market

Level Up Hip Hop by Level Up Hip Hop
May 18, 2022
2 min read
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Anghami Posts 23% Revenue Jump In First Quarter On the Stock Market


RELATED POSTS

The Cribs gatecrash the Top 10 with their first three albums: “It’s perverse!”

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Journey Albums Ranked Worst to Best

During its first quarter as a publicly traded company, Middle Eastern streaming service Anghami (NASDAQ: ANGH) reported a 23 percent year-over-year revenue jump and a 20 percent boost for “active users.”

The Abu Dhabi-based streaming platform, which arrived on NASDAQ in February after merging with a SPAC, just recently posted its financials for Q1 2022 as well as the entirety of 2021. As noted, the decade-old company said that it achieved a 23 percent income hike in Q1 2022, which delivered a total of $9.31 million.

Like with other, larger music streaming players, the lion’s share of the sum ($7.33 million, up 26 percent YoY) derived from subscriptions, whereas the remaining $1.99 million (up 13 percent YoY) is attributable to ad-supported accounts, per higher-ups.

On the user side, Anghami relayed that it had 1.51 million premium subscribers (up 13 percent YoY) at March’s end, including trials. Meanwhile, “monthly paying subscribers” – premium accounts less trials and “daily subscribers” – surpassed 1.24 million, the business disclosed.

For further reference, the MENA streaming service said that it boasted 1.42 million premium subscribers at 2020’s conclusion and 1.44 million premium subscribers at 2021’s end. Across the same stretch, annual revenue improved from $30.52 million to $35.50 million, according to the document.

Regarding other interesting takeaways from Anghami’s performance specifics, execs communicated that their service’s library contains 72 million tracks, indicated that their inaugural Anghami Lab (“a music venue, lounge and studio”) is slated to open in Riyadh in Q3 2022, and stated that “median weekly streaming time” had cracked 82 minutes per day, up nine percent.

Finally, for Anghami’s showing, the platform’s Live Radio offering, which launched last May, had an average daily usage time of 65 minutes “per active live radio user” for its hosting feature. 

Addressing the earnings report in a statement, Anghami co-founder and CEO Eddy Maroun said in part: “In terms of partnerships, our exclusive deals with artists such as megastar Amr Diab, Original content and our label initiative Vibe Music Arabia with Sony Music, Amazon Prime & Alexa, TOD/BeIN and our renewed partnership with Rotana Music have strengthened our ability to provide an unparalleled experience to our users, with the largest Arabic content offering on top of the world’s repertoire.”

Sony Music and Anghami rolled out the “boutique” label Vibe Music Arabia in December of 2021, while Warner Music Group acquired a reportedly $200 million stake in Rotana Music early last year. And the remaining Big Three label put The Weeknd manager Wassim “Sal” Slaiby in charge of Universal Arabic Music; Slaiby has also served as Anghami’s international head of partnerships.

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