Jaguar8 commented on a stock · Dec 2, 2024 19:33

NEWS

Marti Expects to Reach Positive Free Cash Flow in 2025
1 minute ago, 3:32 AM PST
Via BusinessWire
Company Presents 2025 Guidance
Türkiye's leading mobility super app, Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:MRT) announces its expectation to reach positive free cash flow in 2025 and presents 2025 guidance.

After two years of investing in growing its ride-hailing business, Marti announced in October 2024 that it has begun monetizing its ride-hailing service.

As the only at scale ride-hailing operator in the country, together with the monetization of its ride-hailing service, Marti expects to complete 2025 with $34.0 million of revenue and $3.0 million of adjusted EBITDA*. These figures are up from Marti's 2024 performance targets of $16.6 million of revenue and $(22.5) million of adjusted EBITDA*.

Marti's 2025 forecast represents 2.1 times growth over its expected revenue figure for 2024, and an adjusted EBITDA improvement of $25.5 million.

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Jaguar8

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