Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Core Insights - Revenue from Ray-Ban Meta smart glasses has more than tripled year over year, indicating strong market demand and successful product positioning [1] - EssilorLuxottica reported first-half sales of €14.02 billion (approximately US$16.25 billion), reflecting a 7.3% increase compared to the previous year, driven by the success of smart glasses [2] - The company is positioning itself at the forefront of transforming eyewear into a computing platform, integrating AI and sensory technology [3] Company Developments - The partnership between EssilorLuxottica and Meta, which began in 2019, has led to significant product launches, including the Ray-Ban Meta and the new Oakley Meta Performance AI glasses [2][3] - EssilorLuxottica plans to continue its collaboration with Meta for the next decade to develop multi-generational smart eyewear products, as confirmed by a renewed long-term partnership agreement [4] - The company also owns several prominent eyewear brands, including Ray-Ban, Oakley, Vogue Eyewear, and Persol, which enhances its market presence [4]