Suno chief executive Mikey Shulman told Bloomberg's Screentime conference in Los Angeles on 1 October 2026 that the AI music company has moved well past 2 million paid subscribers and $300 million in revenue. He offered no replacement figures, so the numbers are a floor rather than a new disclosure. The remarks came as the company keeps pitching itself to the industry as a serious business rather than a novelty, with Shulman saying Suno has shown the world that music is big business.
“it's actually good that we don't have firm rules of the road just yet.”
Mikey Shulman, Suno co-founder and CEO, at Bloomberg's Screentime conference · musicbusinessworldwide.com ↗
Those two marks are the last ones Suno made public, back in February 2026, when it also said more than 100 million people had tried the service. The money trail since then is long: the Wall Street Journal put annual revenue at $200 million in November 2025, the month Suno raised a $250 million Series C at a $2.45 billion valuation, and a Series D of more than $400 million led by Bond Capital in June valued it at $5.4 billion.
Shulman also spoke about the product and its costs. Suno builds its technology in house, he said, and its compute bill falls somewhere between that of a streaming service and a general-purpose AI business. Licensed deals, in his telling, let fans remix, cover or mash up favourite artists, which he describes as a new product that enlarges the music business. He also sees room for artists to license their voice or likeness.
On regulation he took a relaxed line, arguing that the absence of settled rules is a good thing at this stage. In his view "AI music" covers too wide a range of work for one party to set labelling rules, so AI platforms, media platforms and rights holders should decide together.
The legal and licensing backdrop is mixed, and he spoke about it only in general terms. Suno settled Warner's lawsuit in November 2025, then signed BMG on 12 August 2026 and Believe on 8 September. Its new v6 models, launched on 9 September and built with Warner, BMG and Believe, replaced all earlier ones. Universal and Sony, which have no licence with Suno, filed a fresh suit on 18 September covering 60,202 recordings.
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