Archived Investigations
Charter Communications, Inc. (NasdaqGS: CHTR)
Charter and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 25, 2025, the Company announced its 2Q 2025 financial results, disclosing EBITDA of $5.7 billion, implying 0.5% growth year-over-year; however, analysts and investors noted that the so-called growth was due to a $45 million one-time benefit to “other revenue,” and that had this event been excluded, EBITDA would have missed consensus estimates by 2.4% and shown a second quarter decline of 0.3% year-over-year. The Company also disclosed that total Internet customers decreased by 117,000 for the second quarter of 2025, nearly double from the 66,000 reported in the prior quarter and that had also increased year-over-year when compared to a loss of 99,000 customers reported in the second quarter of 2024.
On this news, the price of Charter’s shares fell $70.25 per share, or 18.4%, to close at $309.75 per share on July 25, 2025.
The case is Sandoval v. Communications, Inc. et al., Case No. 25-cv-06747.