Jan.10.2024

SUZUVERSE Reports Record December 2023 Sales, Closing Out Strongest Year Yet

Tokyo, Japan, January 10, 2024 — SUZUVERSE, the leading mixed reality metaverse platform offering social, mental, and economic freedom, today announced its financial results for December 2023 and the full year 2023, showcasing the company's best performance to date.

Key Highlights for December 2023

  • All-time high revenue of $4.1 million, up 35% from November 2023
  • 97% of users are paying customers, indicating extremely high product appeal
  • Monthly active users grew to 4624, with 19% month-over-month retention
  • 6356 total subscriptions, with the majority choosing the Unlimited package
  • Record high monthly recurring revenue of $628K
  • High average revenue per user of $895, amidst global expansion

"December 2023 was a phenomenal month for SUZUVERSE, capping off our best year yet," said Ryoji 'George' Miyauchi, President and CEO of SUZUVERSE. "Our products and services clearly resonate with users worldwide, as evidenced by the stellar engagement and financial metrics this month."

Full Year 2023 Review

  • Total 2023 revenue exceeded $25 million, far surpassing forecasts
  • Almost 61% of over 33K total users are paying subscribers
  • 33% user retention rate demonstrates ability to maintain engagement
  • Average revenue per user was $1245 for the full year

"I am thrilled to report that SUZUVERSE generated over $25 million in revenue in our first full year of operations," added Miyauchi. "We will continue innovating in 2024 to combat loneliness and spread happiness globally."

Growth Forecast for 2024

SUZUVERSE is targeting substantial growth in 2024, with total sales projected to reach 280 million. More conservative internal targets still predict over $215 million in revenue next year.

The company plans to expand into North America and China on the back of its strong 2023 performance in Japan of over 38,000 users and $25 million in sales.

Product updates like the recent launch of celebrity AI avatars on CheerCast and an in-app web3 wallet demonstrate SUZUVERSE's commitment to delivering on its vision in 2024 and beyond.


About SUZUVERSE:

Founded in 2022 by Ryoji Miyauchi, SUZUVERSE is a Japan-based leader in the mixed reality metaverse space. It integrates emotion AI technology with blockchain to deliver unique digital experiences with a social impact. SUZUVERSE’s flagship products, CheerCast and Suzuwalk, address contemporary challenges such as loneliness, social isolation, and holistic health. The platform champions a decentralized approach, empowering users to experience true freedom - socially, spiritually, and economically. For more information, visit SUZUVERSE’s official links at https://go.suzuverse.com/linktree.

Media Contact:

For more information about SUZUVERSE and its latest earnings, please contact Angeline “Chii” Viray (Investor Relations) via email (ir@suzuverse.com) or on WhatsApp (+639608994989).