AI music platform Suno reaches 2M paid users and $300M annual recurring revenue

Suno co-founder and CEO Mikey Shulman said in a LinkedIn post that the AI music generator has now reached 2 million paying subscribers and $300 million in annual recurring revenue.

The update comes not long after the company’s last major funding news. Just three months ago, Suno announced a $250 million fundraising round, valuing the business at $2.45 billion. At that time, Suno told The Wall Street Journal that its annual revenue had reached $200 million — suggesting the company has posted significant growth in a relatively short period.

Suno lets users create songs by typing natural-language prompts, enabling people with little or no background in music production to generate audio quickly and with minimal effort. That capability has also fueled criticism and legal pressure from musicians and record labels, with lawsuits accusing Suno of copyright infringement, largely because the company’s model was likely trained on existing recorded music. However, Warner Music Group recently settled its lawsuit and instead reached an agreement that allows Suno to release models using licensed music from Warner’s catalogue.

The platform has also produced synthetic tracks that are convincing enough to chart on major platforms, including Spotify and Billboard. One example is Telisha Jones, a 31-year-old from Mississippi, who used Suno to convert her poetry into a viral R&B track titled “How Was I Supposed to Know,” later signing with Hallwood Media in a deal reportedly valued at $3 million.

Even with that momentum, backlash against AI-generated music remains strong. Several major artists have publicly criticised the growing role of AI in music, including Billie Eilish, Chappell Roan, and Katy Perry.