EssilorLuxottica Benefits from AI Glasses Partnership with Meta

9 days ago

Tom McKenzie / Chloe Malay

"Esselor Luxotica so the maker of eyewear is really benefiting from its partnership with Meta. The shares reached an all-time high this morning. It reported really strong sales in the third quarter and that is thanks to really strong demand for AI glasses. To put some numbers on it, the collaboration generated about 8365 million in revenue in 2024, could reach 800 this year and then we could reach 6 billion by 2030. I personally don't know anyone yet who has bought any AI glasses but it might be the next big thing."

The commentary underscores EssilorLuxottica's strong performance driven by its partnership with Meta. With impressive Q3 sales and optimistic revenue forecasts linked to AI glasses, the company is positioned for significant growth, although market adoption of AI glasses remains to be seen.