Ride-hailing business growth

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Marti Technologies(MRT) - 2025 H1 - Earnings Call Presentation
2025-09-22 12:30
Financial Performance - Marti is on track to almost double revenue to $34 million for FY 2025[15] - Marti projects a $23 million improvement in Adjusted EBITDA for 2025[79] compared to an Adjusted EBITDA loss of $(193) million in 2024[76] - In 1H 2025, Marti's revenue increased by 704% to $14326 million[69] from $8409 million in 1H 2024[69] - Marti's Adjusted EBITDA improved by 474% to $(5955) million in 1H 2025[69] from $(11328) million in 1H 2024[69] - Gross profit margin improved to 49% in 1H 2025[55] from (18)% in 1H 2024[97] due to increased focus on ride-hailing[55] Operational Highlights - Marti is the 1 urban mobility app in Türkiye with 64 million all-time unique riders[17] - Marti has 228 million unique ride-hailing riders[17] and 327K registered ride-hailing drivers as of June 30, 2025[17] - Total rides increased by 409% to 1923 million in 1H 2025[69] from 1365 million in 1H 2024[69] - Unique ride-hailing riders increased by 1072% to 2280 million in 1H 2025[69] from 1101 million in 1H 2024[69] - Registered ride-hailing drivers increased by 919% to 327K in 1H 2025[69] from 171K in 1H 2024[69]