Ray-Ban Maker's Shares Jump on Strong Eyewear Sales
The eyewear maker reported 7.2% constant-currency revenue growth as wearables sales rose 20%, but the pace slowed from nearly 100% in the previous quarter.
- On Tuesday, EssilorLuxottica reported third-quarter revenue of €7.49 billion, up 7.2% at constant exchange rates. Wearables revenue reached €486 million, marking a 20% increase for the Ray-Ban and Oakley parent company.
- Smart glasses sales growth slowed to 20% in the third quarter, compared with nearly 100% in the April-June period. This deceleration coincides with intensifying regulatory scrutiny over privacy concerns regarding the devices' recording capabilities.
- Last week, the European Data Protection Board urged manufacturers to adopt visible recording lights and sound alerts. Authorities in Norway, Italy, and Australia have investigated or proposed restrictions on camera-equipped smart glasses.
- CEO Francesco Milleri stated the company works to help consumers use glasses responsibly and respectfully. Meanwhile, EssilorLuxottica shares have roughly halved in value over the past year amid investor concerns regarding privacy and competition.
- Google and Samsung plan to release Gemini AI glasses before year-end, intensifying competition. BofA analysts assessed regulatory risk as limited, suggesting outright bans remain unlikely despite emerging restrictions.
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28 Articles
The action of the global optical giant EssilorLuxottica flew by almost 12% at the opening of the Paris Stock Exchange on Wednesday 21 October in the morning, the day after the publication of its third quarter sales deemed solid.
Ray-Ban Meta Smart Glasses Boost EssilorLuxottica Sales – channelnews
EssilorLuxottica, the eyewear group behind Ray-Ban and Oakley, has reported higher third-quarter revenue, supported by continued demand for smart glasses developed in partnership with Meta. The Franco-Italian company recorded revenue of €7.49 billion (approximately A$12.03 billion) for the three months to September 2026, which represents a 7.2% increase year on year at constant exchange rates, or 9% at current exchange rates. The result exceeded…
Third quarter of the year with a turnover of 9%, almost 7.5 billion.
The group closes the first nine months with revenues growing by 9% and the division of smart glasses up by 20%. On the relationship with the heirs: "I hope the family finds units, we of the cda are open to dialogue with the partners"
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