Entertainment

Suno is 'far beyond' 2 million paying subscribers, CEO says

Kiran MachadoPublished 2d ago2 min readBased on 1 source
Suno is 'far beyond' 2 million paying subscribers, CEO says
Photo by Euronewsweek Media on Unsplash

Suno is now "far beyond" 2 million paid subscribers and $300 million in revenue, chief executive Mikey Shulman said on 1 October.

He was speaking at Bloomberg's Screentime conference in Los Angeles. He did not give a new figure for either subscribers or revenue, according to Music Business Worldwide

The last hard numbers came from Suno itself in February. The AI music company said then that it had passed 2 million paid subscribers and $300 million in annual recurring revenue, the yearly total implied by its subscriptions. It also said more than 100 million people had used its platform.

Growth since then has been fast. The Wall Street Journal reported in November 2025 that Suno had $200 million in annual revenue when it closed a $250 million Series C funding round at a $2.45 billion post-money valuation, the company's value set after the investment. In June, Suno raised more than $400 million in a Series D round led by Bond Capital at a $5.4 billion post-money valuation.

Shulman's update follows a busy run of deals with parts of the music industry. Suno settled a copyright lawsuit brought by Warner Music Group in November 2025. It then signed BMG on 12 August and announced a licensing deal with Believe on 8 September. Those agreements cover the use of music in and around its system.

On 9 September, Suno launched its v6 suite of models, developed with Warner Music Group, BMG and Believe. On the same day, it retired every model it had previously run. Shulman said: "We build all of our technology in house."

Not every major label is on board. Universal Music Group and Sony Music Entertainment, neither of which has licensed Suno, sued the company for a second time on 18 September. That case accused Suno of copying 60,202 of their recordings without a licence.

What makes this stand out is the split. Suno reports rising paid demand. Three music companies are now working directly with it. Two others remain in court against it, with permission for training data at the centre of the dispute.

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