GLTA - Earnings announcements

Marti Technologies Inc. ("Marti" or the "Company"), Turkey's leading mobility app, today announced its financial results for the fourth quarter of 2022. The Company delivered strong financial performance in the fourth quarter as net revenue increased by 84% to $6.3 million as compared to the same period in 2021, and average net revenue per ride increased by 31% compared to the same period in 2021 due to timely price increases in excess of depreciation of the Turkish Lira against the U.S. dollar. Operating expenses as a share of net revenue increased due to the launch of sub-scale operations in new markets. In addition, the launch of Marti's car-pooling service, including related marketi

Marti Technologies Inc. ("Marti" or the "Company"), Turkey's leading mobility app, today announced its financial results for the third quarter ended September 30, 2022. The Company delivered strong financial performance in the third quarter as net revenue increased by 23% to $8.9 million as compared to the same period in 2021, while adjusted EBITDA1 decreased by 38% as compared to the same period in 2021 with an adjusted EBITDA margin of 17% primarily due to the effects of inflation on operating expenses. Marti Founder and Chief Executive Officer Alper Oktem said: "We continued to scale our fleet in the third quarter of 2022, with 36,176 average daily vehicles deployed and 3.11 average da