Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected the company's Internet customer base and revenue [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the ACP's end, which led to a decline in Internet customers and revenue. It also alleges that the company did not manage or adapt its operations effectively to mitigate these impacts [7]. - Specific allegations include that Charter's execution strategy was inadequate, leading to greater risks to business plans and earnings growth than reported [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of only 0.5%. The company also reported a loss of 117,000 Internet customers, which included approximately 50,000 disconnects related to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7]. Next Steps - Investors who purchased Charter securities between July 26, 2024, and July 24, 2025, and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for potential legal action [4][8].

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Charter Communications, Inc. (NASDAQ: CHTR) for alleged misleading statements and failure to disclose material information during a specified class period [1][2]. Allegations - The lawsuit claims that Charter Communications failed to manage the impact of the Affordable Connectivity Program (ACP) ending, which significantly affected Internet customer declines and revenue [2]. - It is alleged that the company did not execute broader operations effectively to compensate for the negative impact of the ACP ending [2]. - The decline in Internet customers and the failure of Charter's execution strategy posed greater risks to business plans and earnings growth than what was reported [2]. - The company allegedly lacked a reasonable basis for its positive statements regarding business operations and long-term growth during the class period [2]. Class Action Details - The class period for the lawsuit is from July 26, 2024, to July 24, 2025 [1]. - Shareholders are encouraged to register for the class action by October 14, 2025, to participate in potential recovery [3]. - There is no cost or obligation for shareholders to register and participate in the case [3]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit and illegal business practices [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Charter Communications, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the impact of the Affordable Connectivity Program's end on the company's performance [1][4]. Group 1: Class Action Details - The class period for the lawsuit is from July 26, 2024, to July 24, 2025, during which shareholders who purchased Charter securities or options are encouraged to participate [3]. - Shareholders are advised to register for the class action by October 14, 2025, to be eligible for potential recovery [5]. Group 2: Allegations Against Charter Communications - The complaint alleges that Charter failed to disclose the significant impact of the Affordable Connectivity Program's end, which affected Internet customer declines and revenue [4]. - It is claimed that the company did not execute broader operations effectively to mitigate the impact of the ACP ending, leading to greater risks to business plans and earnings growth than reported [4]. - The lawsuit asserts that Charter's positive statements about its business operations and long-term growth trajectory lacked a reasonable basis, misleading investors during the class period [4]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [6].

Financial Data and Key Metrics Changes - In 2024, the company reported revenues of $60.9 million, a decrease of 56% compared to $137.1 million in 2023, primarily due to the shutdown of the Affordable Connectivity Program (ACP) federal funding [19][20] - Gross loss was $14.3 million in 2024, compared to a gross profit of $35.6 million in 2023, significantly impacted by the end of ACP funding [21][24] - The net loss for 2024 was $45.7 million, translating to a loss per share of $2.39, adversely affected by the cessation of ACP [24] Business Line Data and Key Metrics Changes - The platform service revenue grew to $17.4 million in 2024 from $11.3 million in 2023, driven by a new sales director [20] - The top-up platform experienced over 300% revenue growth from Q1 to Q4 in 2024, indicating strong activation readiness [14] Market Data and Key Metrics Changes - The company has built a retail distribution network of nearly 9,000 convenience community stores nationwide, enhancing its market presence [8] - The company expects to ship 250,000 to 300,000 SIMs per month moving forward, reflecting strong demand [17][38] Company Strategy and Development Direction - The company aims to transition subscribers to either the non-subsidized MVNO business model (LinkUp Mobile) or into another subsidized program (Lifeline) [21][24] - A multiyear agreement with AT&T was announced, providing customers with access to the largest wireless network, which is expected to drive growth [16] - The company is focusing on a diversified revenue model, emphasizing the importance of not relying on a single revenue stream [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $200 million in revenue over the next twelve months, with expectations of exiting 2025 cash flow positive [18] - The management noted that economic conditions could lead consumers to seek value, which may benefit the company's offerings [70][72] Other Important Information - SG&A expenses increased by 57% year-over-year, primarily due to additional non-cash stock compensation for management [22] - The company is prioritizing cash allocation to finance the transition of subscribers and establish the Linco Mobile brand [26] Q&A Session Summary Question: Inquiry about SIM card orders and delivery - Management confirmed that SIM card activation was historically dependent on physical SIM cards, but now eSIM capabilities have been added to bypass physical cards [32] Question: Clarification on projected revenue of $200 million - The projected revenue of over $200 million is for the next twelve months starting from April 1, 2025 [39][43] Question: Economics and margin profile of SIM cards - The blended average margin for LinkUp Mobile is expected to be between $8 to $15 per subscriber, with various margins for different plans [50] Question: Composition of revenue target for the next twelve months - Over 50% of the projected revenue will come from the wireless segment, primarily from LinkUp Mobile and Lifeline [55] Question: Economic outlook for the working class - Management noted that economic tightness often leads consumers to seek value, which could positively impact the company's business [70][72] Question: Strategy for converting ACP customers - Approximately one-third of the 280,000 ACP customers have been converted to Lifeline, with efforts ongoing to transition the remaining customers [80][86]