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According to Bloomberg, Turkey's leading mobility platform Marti Technologies Inc. (NYSE: MRT) recently announced that its ride-hailing service has surpassed 3.8 million registered passengers and 490,000 registered drivers, exceeding the operational targets originally set for March 31, 2026.

According to Bloomberg, Turkey's leading mobility platform Marti Technologies Inc. (NYSE: MRT) recently announced that its ride-hailing service has surpassed 3.8 million registered passengers and 490,000 registered drivers, exceeding the operational targets originally set for March 31, 2026.

老虎证券老虎证券2026/03/18 10:53
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Completed strategic targets two years ahead of schedule The company disclosed in its latest operational data that the current platform passenger scale has increased by about 40% compared to the end of 2023, and the number of drivers has grown by 35% year-on-year. This growth far exceeds the industry average, especially against the backdrop of high inflation and pressured consumer spending in Turkey, demonstrating the platform's strong execution in user acquisition and driver recruitment. Emerging market travel demand continues to be released As a hub country at the crossroads of Europe and Asia, Turkey's ride-hailing market has maintained double-digit growth in recent years. With accelerated urbanization and increased smartphone penetration, the persistent shortage of traditional taxi services continues to drive demand for ride-hailing. Marti, leveraging localized operational strategies and dynamic pricing models, holds a leading share in key cities such as Istanbul and Ankara. Scale effect drives profitability improvement Analysts at Goldman Sachs pointed out that the simultaneous breakthroughs in user and driver scale mean Marti's order matching efficiency and unit economics are expected to further optimize. As order density increases, the platform's subsidy pressure may ease, and gross margin has room to rise. However, fluctuations in the Turkish lira and rising fuel costs remain potential short-term challenges to profitability. As of press time, Marti's after-hours stock price rose 2.3%, with the market responding positively to its better-than-expected growth. Company management stated that it will accelerate the deployment of electric vehicle fleets and value-added services such as fintech to consolidate its leadership in the regional market.
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