Suno is now “well above” the 2 million paid subscribers and 300 million dollars in revenue it disclosed in February, co-founder and CEO Mikey Shulman said. He provided no updated totals as the company expands its licensing partnerships while facing further lawsuits from Universal and Sony.
Shulman made the comments on Thursday, October 1, at Bloomberg’s Screentime conference in Los Angeles, during an interview with journalist Ed Ludlow.
“The last statistics we published were 2 million subscribers and 300 million dollars in revenue. At this point, we’re well above that.”
Revenue and funding
In February, Suno said it had exceeded 2 million paid subscribers and 300 million dollars in annual recurring revenue, with more than 100 million people having used the platform. That revenue figure exceeded the 200 million in annual revenue attributed to the company in November 2025.
Suno’s funding rounds have also increased its valuation:
- In November 2025, it closed a Series C round of 250 million at a valuation of 2,450 million.
- In June, it raised more than 400 million dollars in a Series D round led by Bond Capital, at a post-money valuation of 5,400 million.
Licensing partnerships and lawsuits
Asked what Warner Music Group and BMG are paying for, Shulman described a product built around fan participation: remixing, covering or combining a favorite artist’s music, with the feeling of “co-creating” with that artist.
“It’s a completely new product. Digital music has become very, very passive. And getting people to participate in new ways is how we really grow the music business.”
Suno settled Warner’s lawsuit through an agreement in November 2025, signed with BMG on August 12 and announced a licensing agreement with Believe on September 8. The following day, it launched its v6 model family, developed with those three partners, and retired all previous models.
Universal Music Group and Sony Music Entertainment, which have not licensed their catalogs to Suno, sued the company again on September 18, alleging that it copied 60,202 recordings without a license.
During the interview, without addressing the lawsuit, Shulman said: “We build all our technology in-house.”
Labeling AI-generated music
On labeling music generated with artificial intelligence (AI), Shulman said “AI music” covers a broad spectrum, from someone entering a few words into a text box to a professional using the technology for specific parts of production.
“We don’t want any party, whether an AI platform, a media platform or a group of rights holders, to make these decisions alone. We want to make them together.”
He described the landscape as changing and added that “it’s actually good that we don’t have firm rules yet.”
Artist licensing and computing costs
Shulman also saw “a great many opportunities” in licensing artists’ voices or likenesses to AI platforms and said Suno had demonstrated that “music is a great business.”
On computing costs, he positioned Suno between two models: it does not have streaming’s near-zero marginal cost, but it is also not competing in the race to accumulate computing capacity for general intelligence.
“Music is art. Music doesn’t have right answers.”
