Billionaire Mason Morfit’s 10 Stock Picks with Highest Upside Potential

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

Potential Upside: 16.61%

Number of Hedge Fund Holders: 59

Live Nation Entertainment, Inc. (NYSE:LYV) holds a key 3.13% chunk of Mason Morfit’s stock portfolio, worth about $137.5 million. The company is the lead player in live events worldwide, driven by its vertically integrated business model. It covers concert promotion, venue operation, sponsorships, and ticketing through Ticketmaster, a setup that has allowed Live Nation to dominate the growing entertainment sector.

Live Nation Entertainment, Inc. (NYSE:LYV)’s Q1 2025 earnings call showed how resilient its concert business is in these unsteady economic conditions as fans keep buying tickets. CEO Michael Rapino pointed out that people aren’t cutting back on shows, as seen in tours by Chris Brown, Lady Gaga, and Mumford & Sons, which are selling out fast. Moreover, over two-thirds of expected fan growth is projected for the second half of the year, signaling increased revenue in Q2 and Q3.

However, Ticketmaster’s numbers looked weak in Q1 because of delayed revenue, currency issues, particularly in Latin America, and fewer non-concert events. Still, management explained that concert-related future revenue was up by double digits, hinting at better profits when these events happen. Live Nation Entertainment, Inc. (NYSE:LYV) bought Japan’s Hayashi International to grow in Asia. Additionally, its Venue Nation plan will add four new venues by year-end, with more coming in 2026, building up its owned locations.

Live Nation Entertainment, Inc. (NYSE:LYV) recorded a 12% year-over-year increase in venue ticketing. While Ticketmaster’s revenue dropped due to timing issues, its deferred ticketing revenue jumped 13% in Q1. The company reported $2.5 billion in revenue and $115 million in operating income, with adjusted income of $341 million, about $361 million without currency effects. Concert-centered future revenue hit a record $5.4 billion, an increase of 24% from last year, while Ticketmaster’s deferred revenue rose 13% to $270 million. Moreover, global stadium ticket sales exploded by over 80%, helping sell 95 million tickets total, and Ticketmaster’s April concert sales volume shot up 45% YoY.

As a major part of Mason Morfit’s stock portfolio, Live Nation Entertainment, Inc. (NYSE:LYV) stands to gain from the global demand for live shows, its growing venue network, and smarter pricing that cuts out scalpers and boosts profits.