{"id":99674,"date":"2024-05-07T11:00:00","date_gmt":"2024-05-07T10:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=99674"},"modified":"2024-05-15T08:56:14","modified_gmt":"2024-05-15T07:56:14","slug":"anghami-reports-strong-q1-2024-boosted-by-subscribers","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/anghami-reports-strong-q1-2024-boosted-by-subscribers\/","title":{"rendered":"Anghami reports strong Q1 2024 boosted by subscribers"},"content":{"rendered":"\n<h2 style=\"user-select: auto;\"><span style=\"color: #3366ff; user-select: auto;\">Anghami, the leading music streaming platform in the Middle East and North Africa (MENA) region, showcased impressive growth in Q1 of 2024.<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/how-to-get-my-music-on-anghami-for-free\/\">Anghami<\/a> lead the way for music streaming in the MENA region. Their <a href=\"https:\/\/talks.anghami.com\/anghami-files-2023-annual-report-and-announces-2024-q1-results-highlighting-18-growth-in-subscribers-and-significant-margin-improvement\/\">first quarter 2024 results<\/a> see their continuing dominance with a significant increase in premium subscribers, improved margins, and a strategic move that positions them for future success.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"622\" src=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2024\/05\/Anghami-2024-Q1-results-PR-EN-mi.jpg\" alt=\"Anghami 2024 Q1 results\" class=\"wp-image-99676 lazyload\"\/><\/figure>\n\n\n\n<p>Anghami saw a substantial 18% increase in premium subscribers compared to Q1 2023, reaching 1.87 million. This surge in subscribers translated to an 8% overall revenue increase, with subscription revenue itself experiencing a robust 27% year-on-year growth. This positive trend highlights Anghami&#8217;s ability to attract and retain users in the MENA region.<\/p>\n\n\n\n<p>Anghami&#8217;s strong performance is down to its strategic focus on high-quality revenue and user acquisition. They optimised user acquisition with high-margin channels like mobile app stores and web, as well as renegotiating key content agreements to reduce the cost of sales. These efforts helped to boost their gross margin from 20% to 26%.<\/p>\n\n\n\n<p>Anghami have been following the footsteps of leading global services like <a href=\"https:\/\/routenote.com\/spotify#:~:text=You%20can%20distribute%20unlimited%20music,listeners%20all%20around%20the%20world.\">Spotify<\/a> and <a href=\"https:\/\/routenote.com\/blog\/get-music-on-amazon-music\/\">Amazon Music<\/a>. Both of those services have just launched new playlists powered by AI, for a curated experience on user request. Anghami have been investing in their own AI capabilities for a user recommendation engine.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"drgO0J7MEO\"><a href=\"https:\/\/routenote.com\/blog\/spotify-ai-playlists\/\">Use Spotify&#8217;s AI Playlist tool and build tailored playlists for any musical occasion<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Use Spotify&#8217;s AI Playlist tool and build tailored playlists for any musical occasion&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/spotify-ai-playlists\/embed\/#?secret=drgO0J7MEO\" data-secret=\"drgO0J7MEO\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/osn-merge-with-anghami-to-lead-streaming-in-mena\/#:~:text=RouteNote%20Blog,-RouteNote.com&amp;text=Video%20streaming%20service%20OSN%20are,fantastic%2035%25%20growth%20in%20revenues.\">Anghami completed an acquisition of OSN+<\/a>, a leading video streaming platform in the MENA region. This positions them to gain even more influence over the large region&#8217;s entertainment audiences with a broader approach.<\/p>\n\n\n\n<p>With a focus on high-quality revenue, strategic acquisitions, and continuous improvement, Anghami is well-positioned for a successful 2024 and beyond. The strong Q1 2024 results and the transformative OSN+ acquisition lay a solid foundation for Anghami to solidify its dominance in the MENA region&#8217;s digital entertainment landscape. <\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"http:\/\/www.routenote.com\">Upload your music to Anghami and many over global music platforms to reach the world. Distribute unlimited releases for FREE and earn money from every stream at www.routenote.com.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anghami, the leading music streaming platform in the Middle East and North Africa region, showcased impressive growth in Q1 of 2024.<\/p>\n","protected":false},"author":12,"featured_media":99675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6745],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Anghami reports strong Q1 2024 boosted by subscribers - RouteNote Blog<\/title>\n<meta name=\"description\" content=\"Anghami, the leading music streaming platform in the Middle East and North Africa region, showcased impressive growth in Q1 of 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/anghami-reports-strong-q1-2024-boosted-by-subscribers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anghami reports strong Q1 2024 boosted by subscribers - 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