Jan. 1 at 9:10 PM
$ANGH H1 2025 results dropped and shares up 50%. Anghami can be compared to the
$SPOT of the Middle East and got a 57 million dollar investment from
$WBD
Here are the details:
* Revenue:
$48.4M (up 97% YoY)
* Paid subs doubled to 3.54M
* Exclusive Middle East home for HBO/Max content
* New Talabat deal is a massive user acquisition bonus
* Just wiped
$55M in debt off the balance sheet
* P/S ratio is 0.3x while Spotify is 2.5x
Bottom line: SPAC baggage is real and burn is high (
$37M loss), but the growth is great. If they hit break-even in 2026,
$ANGH could be a multi-bagger.