Image Credit: Anghami
Middle Eastern music streaming service Anghami reported an increase in revenue for the first half of 2022, as well as growth in the number of users.
Good news from RouteNote partner Anghami. The music platform reported revenue growth for the first half of this year, with an increase of 29%.
Monthly subscribers also increased by 41% compared to 2021, with the number of paid users reaching 1.28 million.
Additionally, the streaming service announced that 60% of the total streams on the platform are Arabic music, which is a 20% increase from last year. The music service said it is particularly focused on Arabic content for future growth.
Eddy Maroun, Co-Founder and CEO of Anghami, said, “The first half results should lead to a banner year for Anghami in 2022. We continue to listen to the needs of our loyal users by expanding our local Arabic content and improving our technology. digital streaming platform enabled.
“These are the key drivers that will maintain Anghami’s leading position in the Arabic music streaming market and make Anghami one of the leading digital entertainment platforms in the MENA region.”
So far in 2022, Anghami has taken action, including investing in Spotlight Events, a company focused on broadcasting live music concerts, and partnering exclusively with Amr Diab, the most streamed artist. on the platform, to integrate the entire catalog of the Egyptian singer. Anghami also updated the app’s streaming algorithm to account for older tracks that have seen a resurgence on social media.
Did you know that you can find internal RouteNote playlists on Anghami? The seven mixes feature some of the best music released through the RouteNote distribution, across a host of different music genres.
Put your own music on Anghami for free with RouteNote. Learn more about releasing your music here!