Suno Now Has ‘Far Beyond’ Two Million Subscribers, CEO Says

How’s Suno faring after shifting exclusively to licensed models? Quite well, according to CEO Mikey Shulman, who says the company now boasts “far beyond” two million subscribers and $300 million in annual recurring revenue.

Shulman pointed to continued growth – albeit without divulging hard figures – during a sit down at Bloomberg Screentime 2026. As many will recall, the exec this past February indicated that Suno had cracked over 100 million total users, including two million paid subs, and surpassed the above-noted $300 million in revenue.

But a lot has changed in the interim, and not solely because of the wider AI space’s rapid evolution. Suno last month shelved all its existing models (meaning those allegedly trained on protected recordings without authorization) upon launching multiple v6 products in partnership with Warner Music, BMG, and Believe.

Out of the gate, certain users pushed back against the sweeping changes – though whether their grievances will translate into a subscriber-base contraction remains to be seen. More immediately, Shulman struck an optimistic tone when discussing the platform’s commercial positioning.

“The last stats that we released were two million subscribers, $300 million in revenue,” he said. “We are far beyond that by now, and so there is quite a lot of traction.”

Admittedly, as the v6 pivot only arrived in September, the comments don’t reveal a ton about Suno’s current subscribership trends.

However, they are interesting generally and because “traction” doesn’t solely refer to paid users; the aforesaid licensing agreements presumably contribute to traction, as do increases in the number of “industry professionals” using the platform.

Regarding the latter, some have directly acknowledged incorporating Suno outputs into mainstream releases. Nevertheless, assuming Shulman is being forthright when referring to the “tons and tons of industry professionals using” the platform “in their day-to-day workflows,” its reach could be strong in this department.

That’s especially noteworthy because the Suno Studio DAW “is exempt from the download limits taking effect in September 2026,” according to the appropriate product page. On the other hand, as reiterated by Shulman during the same interview, casual users (like “a grandmother just making music for fun”) also play an important part in the relevant business model.

As competition intensifies, will these casual users shift to Klay, ElevenMusic, Spotify, Udio, and other gen AI players – which, even given the Sony Music- and artist-led copyright complaints against Udio, are plagued by fewer legal headaches?

Time will tell. Closer to the present, that Suno’s “next” planned expansion will involve “opt-in experiences built around individual artists” – including from Warner Music’s roster – is worth keeping in mind as well.