SUZUVERSE Sets Sales Record in December 2023

Tokyo, Japan, January 10, 2024 - SUZUVERSE, the metaverse mixed reality platform today announced its financial results for December 2023 and full year 2023, showing the company's best performance to date.

KEY HIGHLIGHTS FOR THE MONTH OF DECEMBER 2023

• Suzuverse's highest revenue so far was $4.1 million, up 35% from November 2023.
• 97% of users are paying customers which shows the very high appeal of Suzuverse products.
• Monthly active users grew to 4624 users, with monthly retention of 19% month over month.
• 6356 total subscriptions , with the majority choosing the Unlimited package.
• Recorded high monthly recurring revenue of $628K.
• Average revenue per user is $895, amid Suzuverse's global expansion into several countries.

"December 2023 is a phenomenal month for SUZUVERSE, as well as closing our best year yet," said Ryoji 'George' Miyauchi, President and CEO of SUZUVERSE. "Our products and services clearly resonate with users around the world, as evidenced by the incredible team engagement and financial milestones achieved this month."

FULL YEAR REVIEW IN 2023

• Total 2023 revenue exceeded $25 million, far exceeding estimates.
• Nearly 61% of over 33K total users are paying customers.
• 33% user retention rate shows the ability to maintain customer satisfaction.

Average revenue per user was $1245 for the full year
"I'm thrilled to report that SUZUVERSE generated over $25 million in revenue in our first year of operation," added Miyauchi. "We will continue to innovate in 2024 to combat loneliness and spread happiness globally."

GROWTH ESTIMATION FOR 2024
SUZUVERSE targets substantial growth in 2024, with total sales projected to reach $280 million. More conservative internal targets still forecast revenue of more than $215 million next year.

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

Product updates such as the recent launch of celebrity AI avatars on CheerCast and in-app Web3 Wallet demonstrate SUZUVERSE's commitment to realizing its vision in 2024 and beyond.

ABOUT SUZUVERSE:
Founded in 2022 by Ryoji Miyauchi, SUZUVERSE is a pioneering company based in Japan in the field of metaverse and mixed reality. The company integrates AI technology with blockchain to provide unique digital experiences with 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 the official SUZUVERSE link at https://go.suzuverse.com/linktree.

MEDIA CONTACT:
For further information regarding SUZUVERSE and the latest information, please contact Angeline "Chii" Viray (Investor Relations) via email (ir@suzuverse.com) or WhatsApp (+639608994989).