MRT News & Events

Marti Technologies announced that as of June 11, Marti's ride-hailing service has reached 4.30M riders and 532,000 registered drivers, exceeding the June 30 targets of 4.3M riders and 530,000 registered drivers. Marti's number of ride-hailing riders grew 96% from June 11, 2025 to June 11, 2026. The number of registered drivers grew 68% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrates large demand for the service across Turkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum. Encouraged by the growth in the rider and driver bases of its ride-hailing business, Marti has set targets for 4.9M riders and 580,000 registered drivers by September 30.

Reports Q1 revenue $15.4M vs. $6.0M last year. Q1 adjusted EBITDA was ($0.5M) vs. ($3.6M) a year ago. "We delivered an exceptional start to 2026, exceeding our internal targets across revenue, gross profit margin, and Adjusted EBITDA," said Oguz Alper Oktem, CEO. "Revenue grew more than 2.5x year-over-year, gross profit margin reached 72%, and we moved to near breakeven Adjusted EBITDA. This reflects the scaling of our platform subscription package monetization model and continued improvement in unit economics and operating leverage. Our ride-hailing marketplace continues to perform strongly across our 20-city footprint in Turkiye, with significant growth in both unique ride-hailing riders and registered ride-hailing drivers. We are also driving increased adoption of our delivery services...With this strong start to the year, we are on track to achieve our 2026 goals, including our first full year of positive Adjusted EBITDA. We are laser focused on increasing efficiency across our platform and capturing additional scale opportunities as usage across the platform deepens, supporting our path toward long-term profitability."