Taxi firm Gett becomes operationally profitable across all business divisions

Corporate on-demand transportation app, Gett, have announced that it became operationally profitable in December 2019.

The company reported a positive consolidated all countries EBITDA of $0.3 million (before fixed central and R&D cost). The operational profit is across each of its transportation, delivery, and shuttle product lines.

Gett launched one of the first-ever on-demand corporate travel services back in 2010 in Israel and attracted Google and Disney as its first clients.

Today more than 17,000 companies, including a third of the Fortune 500, use Gett's technology to move their workforces safely across the world. Gett has rapidly grown its client portfolio and is winning 400-500 new clients each month.

Dave Waiser, Chief Executive Officer of Gett, commented: "With the global roll-out of our 10th generation of B2B product in 2020, we will change the way corporates travel, create a new industry standard and introduce the most advanced technology in the space.

"Becoming profitable in our operations globally bears testament to the strength of our business model and reinforces our position as the leading corporate transportation service."

This news comes after Gett announced a strategic partnership with ride-hailing firm Lyft in November 2019, allowing Gett's corporate customers traveling in the United States to request rides through the Gett app and be matched with a driver on the Lyft network.