It wasn't a blow-out-the-doors commercial success, but it was successful enough that players and media were produced for 20+ years. It had broad adoption in Japan, where the random-access functionality was particularly useful for karaoke bars well before DVD and hard-drive based players.
Indeed the attempts to turn it into an interactive media platform, such as LaserActive, were rather less successful and much shorter-lived than Laserdisc as a home theater video distribution medium.