Overview

• EssilorLuxottica posted €14 billion in first-half revenue, up 5.5%, and net profit reached €1.4 billion, a 1.6% increase.
• Sales of Ray-Ban Meta smart glasses more than tripled year-over-year, driving a significant portion of the profit gain.
• June’s Oakley Meta AI Performance glasses debut will offer Ultra HD 3K video recording and open-ear speakers when they launch later this summer.
• Bloomberg disclosed that Meta has taken a minority stake in EssilorLuxottica, deepening their collaboration on multi-generational smart eyewear.
• The company plans to expand output from 2 million pairs sold since late 2023 to 10 million smart glasses annually by end-2026.