Charter Communications, Inc. (CHTR)’s Management Is “Dreaming,” Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Discussed A “Weird Number”. Charter Communications, Inc. (NASDAQ:CHTR) is one of the stocks Jim Cramer recently discussed.

Charter Communications, Inc. (NASDAQ:CHTR) is one of the biggest broadband and cable services providers in America. The fact that its shares are down by 18% is unsurprising since traditional, linear media companies have continued to struggle in today’s digitally-driven market. However, Charter Communications, Inc. (NASDAQ:CHTR) might have fared much better had it not been for a disastrous 28% share price drop in July. The firm’s shares fell after the firm’s latest earnings report revealed that its internet customers continued to drop. Cramer discussed the earnings call:

“I mean when I read through the Charter conference call, there seemed to be a disbelief. They’re like don’t worry, everything is great. And they talked about all the things that are great. But the market thought that the quarter was awful. And, I think the market is the arbiter, not the management of Charter. They’re dreaming. They’re dreaming. I mean they’re in cable.”

Photo by Mika Baumeister on Unsplash

Here’s what Charter Communications, Inc. (NASDAQ:CHTR)’s management said about its subscribers during the earnings call:

“Including residential and small business, we lost 117,000 Internet customers in the still seasonal second quarter, compared to a loss of about 100,000 in last year’s 2Q when adjusted to remove last year’s impact of about 50,000 ACP-related disconnects. When comparing this year’s second quarter Internet net adds versus last year’s 2Q, we have not adjusted our second quarter 2024 Internet net adds for the 50,000 ACP-related gross adds headwind we called out last year when comparing to 2023 as neither the second quarter of 2025, nor 2024 had the benefit of ACP-related gross additions.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.