Charter Communications(US:CHTR) GlobeNewswire News Roomยท2025-08-22 16:00Core Viewpoint - Charter Communications, Inc. is facing a class action lawsuit due to significant declines in internet and video customers, which were not adequately disclosed to investors, leading to a substantial drop in stock price [4][3]. Financial Performance - In Q2 2025, Charter reported a decline of 117,000 internet customers, compared to a decline of about 100,000 in Q2 2024, when adjusted for the Affordable Connectivity Program (ACP) impact [2]. - The company also experienced a decrease of 80,000 total video customers during the same period [2]. Stock Market Reaction - Following the release of the disappointing financial results, Charter's stock price fell by $70.25, or 18.5%, closing at $309.75 per share on July 25, 2025 [3]. Lawsuit Details - The class action lawsuit alleges that Charter made materially false and misleading statements regarding its business operations and failed to disclose the adverse effects of the ACP ending on customer retention and revenue [4]. - Specific allegations include the company's inability to manage the impact of the ACP end, the failure to execute operations effectively, and the misleading nature of positive statements made about the company's growth prospects [4]. Legal Action - Investors who purchased Charter common stock during the class period (July 26, 2024, to July 24, 2025) have until October 14, 2025, to file a lead plaintiff motion in the class action lawsuit [1][5].