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00:02Ray-Ban maker Essilor Luxottica credited for its third quarter revenue growth to its partnership
00:08with Meta, driven mainly by strong sales of smart glasses, according to CNBC. CFO Stefano
00:13Grassi said Ray-Ban Meta wearables drove over four percentage points of the company's 11.7%
00:19year-over-year sales growth to $8 billion in the third quarter. Essilor Luxottica is promoting
00:24smart glasses integrated with Meta's AI assistant to let users play music, take photos, and
00:29perform smartphone-like tasks. Grassi said the profitable wearables business could eventually
00:35replace many smartphone functions. Firm plans to reach its 10 million unit capacity goal
00:39for connected eyewear out of 2026 as it expands the ecosystem to include AI power services.
00:45Shares rose 2.4% on Thursday. For all things money, visit Benzinga.com.
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