Marti Technologies, Inc. (AMEX:MRT) shares gained 5% in pre-market trading on Wednesday after the Turkish mobility super app delivered second-quarter revenue well above expectations and raised its full-year outlook, despite reporting a wider-than-expected adjusted loss per share.
Revenue reached $20 million for the quarter ended June 30, 2026, comfortably exceeding the analyst consensus of $16.69 million. Sales surged 141% year-on-year from $8.3 million, supported by continued expansion of Marti’s ride-hailing marketplace and increased monetisation through platform subscriptions.
Adjusted earnings were weaker than expected, with Marti recording a loss per share of $0.15 compared with the $0.06 loss anticipated by analysts.
Marti Reaches Positive Adjusted EBITDA for First Time
A significant milestone came on profitability, with Marti generating positive adjusted EBITDA of $2.9 million during the quarter. This marked the first time the company has achieved positive adjusted EBITDA and represented a substantial improvement from the $2.4 million loss recorded in the corresponding period last year.
Gross profitability also strengthened considerably. Gross margin expanded to 77% from 57% a year earlier, reflecting improved platform monetisation alongside tighter cost management.
“The second quarter represents an important milestone for Marti,” said Oguz Alper Öktem, Founder and CEO. “We more than doubled revenue, delivered record gross profitability, and achieved positive adjusted EBITDA for the first time while continuing to rapidly expand our marketplace.”
Marti Raises Full-Year 2026 Outlook
Following the strong quarterly performance, Marti increased its guidance for the full 2026 financial year.
The company now expects revenue of $85 million and adjusted EBITDA of $7 million, both representing upgrades from its previous forecasts.
The $85 million revenue target is broadly aligned with Wall Street expectations, sitting just below the current analyst consensus of $85.03 million.
Ride-Hailing Expansion Supports Growth
Marti’s rapidly expanding ride-hailing marketplace remained a major contributor to the 141% increase in quarterly revenue, while subscription monetisation provided an additional source of growth.
The combination of higher platform revenue and improved cost efficiency also helped drive the sharp expansion in gross margin and allowed the company to cross into positive adjusted EBITDA territory.
Although the adjusted EPS loss came in wider than expected, investors focused on the substantial revenue beat, improving profitability and upgraded full-year outlook, helping send Marti shares higher ahead of the opening bell.