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Beyonce is pregnant and showing off her baby bumps and Jay-Z is “ecstatic!”

If his ear-to-ear grin at the MTV VMAs this past Sunday was any indication, Jay-Z cannot wait to be a father. 

The big news of the notorious night was Beyonce‘s announcement that she was in fact (finally!) pregnant. 

PHOTOS: Beyonce Is Pregnant!

As she framed her growing baby bump in a red flowy Lanvin gown and beamed onstage after her stellar performance of “Love On Top” (which is rumored to be written about her longtime relationship with Hov) it was clear that Jay is thrilled. 

“Jay is ecstatic and over the moon,” a source told US Weekly. “He really wanted this so badly.”

As Kanye West jumped around in the VMA audience and Jay showed off a rare unguarded smile, it was obvious the 41-year-old rapper is going to be an extremely proud papa. 

PHOTOS: Jay-Z Raps About His Unborn Child

And for the notoriously media shy couple, this is as public and unreserved as we’ve seen them. 

“She’s close to four months along,” the source continued. “She wasn’t going to announce it but she is so excited she couldn’t hold it in.”

Bey and Jay don’t yet know the gender of their child and its impending birth does mean some changes for the busy couple. 

Queen Bey was gearing up to star in a new film project, A Star Is Born, which will be delayed during her pregnancy and Jay-Z is also getting ready to jump into an epic tour schedule with his Watch The Throne partner ‘Ye.

“They will have to make adjustments,” says the source. “but this is worth it!”

We couldn’t think of anything more worth it! Best wishes to the happy couple.