What: Shares of Lions Gate Entertainment Corp. (NYSE:LGF-A) rose 12% in June, according to S&P Capital IQ data, in spite of the company's weaker-than-expected fiscal 2015 report in late May. And though Lions Gate has given up some of those gains so far this month, it still leaves the stock up more than 12% year to date and nicely outperforming the S&P 500:

LGF Chart

LGF data by YCharts

So what: Lions Gate's results technically weren't as pretty as analysts had hoped, as its decision to churn out only 10 movies last fiscal year left motion picture segment revenue down 17% on a year-over-year basis, including a 32% drop in theatrical revenue to $354 million. When all was said and done in the fiscal fourth quarter, that caused Lions Gate to fall short of Wall Street's expectations on both its top and bottom lines.

Lucky for investors, Lions Gate's TV business propped up the rest with its own banner year, with a company-record 238 episodes and 168 hours of domestic television series delivered, and record international sales driving a 30% jump in TV revenue to $579.5 million. Among Lions Gate's most popular titles are Anger Management, Orange is the New Black, Nashville, Mad Men, Manhattan, The Royals, and Nurse Jackie.  

Now what: But our market is a forward-looking machine, which is where Lions Gate excels. Consider, for example, that Lions Gate has bumped up its movie slate to 14 titles this fiscal year, notably including The Divergent Series' Allegiant, Part 1 next March. And in early June, Lions Gate garnered excitement for its big-screen prospects when it named Now You See Me producer Bobby Cohen and Twilight and Divergent executive Gillian Bohrer co-presidents of production for the Lions Gate lable. Add to that Lions Gate's more than $500 million in cash and investments to help it continue investing in new content -- including its hit TV series and a just-announced live action take on Hasbro's Monopoly from The Truman Show and The Terminal director Andrew Niccol -- and it's no wonder investors were willing to overlook Lions Gate's top- and bottom-line shortfalls last quarter.

In the end, as long as Lions Gate continues to maintain a healthy pipeline of content for both the big and small screens, I see no reason the stock can't also keep rewarding patient, long-term investors from here.