Anghami says FY2025 revenue rose 27% to $99.3M with 3.5M paid subscribers, boosted by OSN+ consolidation and new distribution bundles.
Anghami reported FY2025 revenue of $99.3 million, up 27% year on year. Paid subscribers across Anghami and OSN+ topped 3.5 million.
Anghami published consolidated results for the year ended December 31, 2025. The company said revenue rose to $99.3 million, up from $78.1 million in 2024.
Anghami attributed part of the increase to subscriber gains across Anghami Plus and OSN+. It also pointed to the first full-year consolidation of OSN+ after the acquisition was consolidated from April 1, 2024.
The company said paid subscribers exceeded 3.5 million across Anghami and OSN+. It also reported a registered user base above 130 million.
On partnerships, Anghami highlighted a $57 million minority investment by Warner Bros. Discovery in OSN Streaming Limited, which closed in March 2025. Anghami said the deal expands the content partnership and includes plans to jointly invest in regional original production.
Anghami also said OSN+ launched multiple distribution partnerships, including with Noon and a regional distribution agreement with talabat. In December 2025, OSN+ launched the “Epic Bundle” with Shahid and Disney+, which combines three streaming subscriptions into one plan.
For streaming businesses in MENA, distribution is often the main growth lever. Telco bundles, super-app channels, and e-commerce and delivery tie-ins can reduce customer acquisition costs, meaning the money spent to get a new paying user.
Anghami is signalling that its growth plan is not only about content. It is also about owning more of the streaming stack, improving conversion from registered users to paying subscribers, and using bundles to reach customers where they already spend time.
The Warner Bros. Discovery stake in OSN Streaming Limited also matters because it reinforces access to premium content while supporting regional originals. For Anghami, the next question investors will watch in 2026 is whether higher scale leads to better unit economics, which means healthier profit per subscriber after content, marketing, and platform costs.
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