August 2024 ยท Audience Strategy
The audience was always there. The investment wasn't.
I have been in meetings this summer where senior marketing leaders have said, with genuine excitement, that they've "discovered" women's sports. They say it like it's new. Like the audience materialized out of thin air this spring, when a basketball player from Iowa started selling out arenas and a French telecom company won the Grand Prix at Cannes for a campaign that used deepfakes to prove a point about visibility. These leaders are excited, and they should be. But the excitement reveals something uncomfortable about how long the industry has been looking the other way.
The audience for women's sports didn't emerge in 2024. The 1999 Women's World Cup final drew ninety thousand people to the Rose Bowl and forty million television viewers. The WNBA has been operating for nearly three decades. Women's tennis has been a global draw for longer than most brand managers have been alive. What changed isn't the audience. What changed is that the audience became impossible for advertisers to ignore.
For years, the underinvestment in women's sports was presented as a market reality. The viewership numbers aren't there, brands said. The media rights aren't valuable enough. The ROI doesn't pencil. And these claims were self-fulfilling. When you don't broadcast the games, viewership is low. When you don't promote the athletes, awareness is limited. When you don't invest in the production quality, the product feels minor league even when the athletic talent is world class.
The visibility gap was never evidence that the audience didn't exist. It was evidence that the infrastructure hadn't been built to reach them. This is a critical distinction, and it's one the marketing industry is only now beginning to internalize. The demand was latent, suppressed by a distribution system that hadn't prioritized it. Once the distribution caught up, the demand revealed itself immediately and at enormous scale.
What bothers me about the current moment is the framing. Brands are treating women's sports as a trend to capitalize on rather than a market they underserved for decades. The language in the pitch decks is familiar from every emerging-channel playbook: first-mover advantage, underpriced inventory, authentic engagement, passionate community. All true. But the framing erases the fact that the "underpricing" was the result of systematic undervaluation, not efficient market pricing.
I worked with a consumer brand earlier this year that wanted to "get into women's sports" as a media strategy. The brief was entirely about efficiency. Women's sports sponsorships cost less per impression than men's. The CPMs on women's sports content are lower. The engagement rates are higher relative to spend. All of this is true, and all of it frames the opportunity as an arbitrage play rather than a strategic commitment. The audience can tell the difference.
Athletes in women's sports have been waiting for investment their entire careers. They've played in half-empty arenas, flown commercial to games while their male counterparts took charters, and negotiated media deals that were fractions of what equivalent men's properties commanded. They know who showed up early and who arrived when the numbers got large enough to justify a PowerPoint slide.
This matters for brands because the partnership dynamics in women's sports are different than in men's. Athletes who've been overlooked tend to be more discerning about who they align with. They care about the brand's long-term commitment, not just the campaign budget. And they have significant influence over how their communities perceive the brands that sponsor them. An athlete who believes in the partnership will amplify it authentically. An athlete who sees through the opportunism will be polite but distant, and the audience will notice.
The brands that will benefit most from the growth of women's sports are not the ones with the biggest budgets. They're the ones that commit now and stay committed when the initial hype cycle normalizes. Because it will normalize. The record-breaking ratings will settle into strong but steady numbers. The cultural conversation will move on to the next thing. And the brands that treated women's sports as a trend will quietly reallocate their budgets, while the brands that treated it as a strategic pillar will deepen their investments.
Real commitment looks like multi-year deals, not campaign-length partnerships. It looks like investing in the infrastructure of the sport, not just buying ad time during the broadcast. It looks like treating women athletes as strategic partners with the same rigor and respect applied to their male counterparts. And it looks like doing all of this without the self-congratulatory tone that so many brands adopt when they support women's anything, as if the baseline expectation of equitable investment deserves applause.
The most important thing to understand about the women's sports audience is that it was never emerging. It was ignored. The people who care about women's sports have been watching, attending, and following for years. They built communities on social media when traditional media wouldn't give them airtime. They shared highlights because nobody else would. They organized watch parties for games that weren't on any major network.
These are not casual fans who showed up because of a trend. These are dedicated audiences who have been waiting for the industry to take their interest seriously. They're loyal, they're vocal, and they have very long memories about which brands showed up when it was hard and which brands showed up when it was easy.
Women's sports is not a trend. It's a correction. And the brands that understand the difference will be the ones the audience remembers.