Billionaire Dan Loeb’s Top Stock Picks

Page 6 of 15

10. Live Nation Entertainment, Inc. (NYSE:LYV)

Number of Hedge Fund Holders: 44 

Third Point’s Stake: $256.2 million   

Live Nation Entertainment, Inc. (NYSE:LYV) offers entertainment services like concerts, ticketing, sponsorship, and advertising, among others. The following elements demonstrate why this company is an excellent investment choice. The company’s concert operations drive strong financial performance as depicted in the report for the third quarter of 204. For instance, the highest ever-concert profitability with adjusted operating income was $474 million, up 39%, and margins of 7.2%, up more than two hundred basis points. In addition, double-digit increases were reported in on-site spending per fan at major festivals (over 100k fans) and up 9% at amphitheaters (same artist comparison) year-to-date. This reflects the success of Venue Nation’s events and stronger consumer spending on-site.

Page 6 of 15