A movement, not a moment
From The GIST Sports Biz (hi@thegistsports.com)

Leveling The Playing Field
Hi there!
Last night was a wrap on Unrivaled’s second season, which banked $45M in revenue, up 66% YoY from $27M in year one. Merch sales more than doubled to nearly $4M and ticket sales drew $5M, including $1M from the sold-out semifinals crowd of 18.2K at Barclays Center in Brooklyn, NY.
- While the WNBA and WNBPA continue negotiations over revenue sharing (more on that below), Unrivaled is balling out with a $340M league valuation and top player salaries above $350K. Too blessed to be stressed.
Women's sports
🎟️ Punching their ticket

The GIST: This week, StubHub launched HerSportsHub, the first dedicated place for reselling tickets to women’s sports events. The platform will include access to WNBA, NWSL, PWHL, and NCAA women’s basketball games, aligning with StubHub’s latest data-driven insights on how fandom is surging across these sectors.
- Following the lead of gambling app Rival, media outlets like ESPN, iHeart, The Athletic and Yahoo, and streaming platforms like Fubo and Roku, StubHub recognized the value in centralizing access to women’s sports. Women’s sports fans are uniquely primed for something like this as they tend to be supportive across different sports. Here for it.
The why: StubHub looked into post-Olympic fan interest and found that unique women’s sports ticket buyers grew 64% during Olympic periods, confirming the Games as a significant driver for women’s sports — especially basketball and soccer.
- There was a 252% increase in PWHL demand during Milano Cortina 2026, a 360% surge in WNBA interest YoY during Olympic years, and a 150% boost in NWSL demand during Paris 2024, resulting in a 215% spike in post-Olympic searches across these teams overall.
- Recent Olympics have been key to exposure: In the 30 days after Paris 2024, women’s sports ticket buyers jumped over 199%, with 88% being first-time women’s sports purchasers.
The context: While fans across major men’s sports leagues are traditionally siloed by sport, women’s sports fans are different. They’re often broadly engaged across sports because they’re interested in supporting women athletes and are motivated by more than the game.
- Avid women’s sports fans follow 10 sports on average (either men’s or women’s) compared to eight sports for men’s sports fans. Plus, inclusivity and community have been cited as powerful forces motivating women’s sports fandom, which our recent story on Portland exemplifies — the city even has an award to celebrate the women’s sports community.
Zooming out: We love to see StubHub and others implement a tailored and strategic approach to serving women’s sports fans. All brands, especially those with a capacity for research, should zero in on data from women’s sports supporters and build systems for them, especially since these fans appreciate and notice when brands are paying attention to them and their fave athletes. Made for us.
Paralympics
🥇 A movement, not a moment

The GIST: Yesterday, Parity followed up its recent report on the Olympics with one about fan interest in the Paralympics, which officially kick off tomorrow. Parity’s data illustrates how those who are fans of the Paralympics and women’s sports — spaces where equity is front and center — are excited about Para women athletes and are very aware of brands in the space.
- For additional context, we spoke with Parity director of research and insights, Dr. Risa Isard, on what we can learn from these findings and how companies can promote Para athletes and score favorability along the way. Let’s dive in.
The data: Over a third (36%) of U.S. Winter Paralympic fans plan to follow more than in years past, and women’s sports fans follow the Paralympics more than men’s sports fans. Sixty percent said athletes are the top reason they’re excited about the Games, which is why ensuring exposure to Paralympians through social, traditional media, and ad campaigns is critical.
- Paralympic fans are focused on equity — and the brands aligned with it. Compared to Olympic fans, Paralympic fans expressed a stronger commitment to gender equity, which aligns with Winter Paralympic fans being about 25% more likely than Winter Olympic fans to say a brand’s partnership with a woman athlete caught their attention during the Games.
The overlap: Dr. Isard said the relationship between women’s sports fans and Paralympic fans is “really notable” and rooted in an “inclusive understanding of excellence.” She also noted that women’s sports fans have spent years championing athletes and teams excluded from mainstream coverage, which has fostered a fervent fandom and a “grit” that Paralympic fans also possess.
- When asked about women’s sports fans fielding more interest in “niche sports,” Dr. Isard said she wasn’t surprised. “I think any sport that is outside of the mainstream, or has historically been outside of the mainstream, fans have had to work really hard to cultivate their fandom…I think it's the same fan experience [between Paralympic sports and women’s sports].”
The brand opportunity: While these insights into Paralympic fans should be encouraging for brands, this is still very much an overlooked opportunity. Historically, only a sliver of media coverage goes to the Paralympics compared to the Olympics, and in Parity’s data collection, Paralympians received only 6% of mentions between Winter Olympians and Paralympians.
- Dr. Isard noted that while interest in athletes is driving Paralympic interest, it’s challenging when lacking media coverage makes them less familiar to audiences. It’s a shame, because 24% of U.S. Winter Paralympic fans surveyed made a purchase because of Paralympic sponsorships — and Dr. Isard believes brands have a “really important role to play” in changing the narrative and closing the visibility gap.
- “I would challenge a brand out there that really wants to cement their mark in the Paralympic movement and [with] this consumer base that, again, we know is very intentional in their spending, to think about where they can be a strong advocate in the media landscape for Paralympic sports to get a little bit more shine,” she added. Shine on.
👀 Tensions rise within WNBPA as CBA deadline approaches
With only five days until the proposed negotiation deadline, multiple sources have highlighted ongoing distance between the WNBA and the WNBPA, and growing tension within the WNBPA. On Monday, Breanna Stewart and Kelsey Plum penned a three-page letter to union executive director Terri Jackson expressing “serious concerns” over how the union is handling negotiations.
- And yesterday, the union issued a joint statement reiterating its commitment to securing a fair deal and a willingness to strike if necessary. Front Office Sports sources suggest players are divided on this issue, and a WNBPA Instagram post indicated 84% of players want to continue negotiating over current revenue sharing percentages.
💰 Marc Lasry invests $40M in NWSL’s NC Courage
Yesterday, Sportico reported that the veteran sports investor poured $40M into the NWSL club at a $155M pre-money valuation — a significant jump in valuation from Forbes’ $90M estimation last June. Notably, the deal does not include a path to ownership after Lasry dialed back on a bid to buy the Courage in 2024.
✨ Unrivaled draws celeb crowd for its Brooklyn semifinals
During Tuesday’s sold-out Unrivaled semifinals, fans noticed big names in attendance, from sports legends like Hilary Knight and Carmelo Anthony to actors like Ashton Kutcher and Issa Rae. The crowd shows how basketball games are cultural events in cities like NYC and LA, with this premier women’s basketball event drawing a celeb crowd akin to a NY Knicks game.
🎉 International Dance League launches inaugural season after $7M seed round
Hoping to professionalize a popular yet fragmented sport, the International Dance League (IDL) tapped Elysian Park Ventures — which has also funded The GIST, Togethxr, LOVB, and DraftKings — to lead its seed round. The league announced its inaugural competitive season yesterday with six events: three in the U.S. and one in Canada, Australia, and South Korea.
- The IDL is forming around existing global hotspots for dance culture, claiming that the teams and talent networks it’s partnering with collectively have over 20B views, 22 championships, and 250M total followers. This is where an experienced VC firm can capitalize on a niche sport: Just look at how LOVB has rapidly expanded after investment.
☮️ Despite doing so in 2022, the IOC said it’s unable to enforce its Olympic Truce that calls for athletes to have safe passage to the Games amid the U.S. and Israel’s war with Iran.
🏆 Soccer stars (and sisters) Alyssa and Gisele Thompson teamed up with Verizon to offer select fans a “Golden Ticket” that grants access to 2026 men’s FIFA World Cup matches. Sweet.
👓 Athletic eyewear brand Goodr was named the AUSL’s official eyewear partner.
👜 Women-founded luxury bag brand Dagne Dover became the official lifestyle bag partner for LOVB Pro and Club volleyball in the brand’s first-ever sports league collab. Totes cool.
🌰 Silk — the official plant-based beverage brand of the Big Ten — linked up with former conference and current WNBA star Monique Billings for its conference tournament campaign.
💼 Parity promoted Mandy Anderson to chief revenue officer and added Alana Casner as its chief operating and athlete officer.
📺 After Caitlin Clark’s new limited-edition Gatorade bottles sold out in minutes, the brand is continuing with a campaign spot starring Clark narrated by Candace Parker. Need this.
🏃 What to do
Play a new sport. Inspired by the Olympics? Vox breaks down why it’s never too late to start — from fitness and mental health benefits to finding community through movement.
🍻 What to check out
Crossbar Brighton, a new UK bar dedicated to women’s sports. The venue sold out opening-night tables in four minutes, offering a rare public space designed around women and nonbinary fans. Love to see it.
🛒 Where to shop
Playa Society. Founded by former D1 hooper Esther Wallace, the brand celebrates women’s basketball with bold, empowering apparel.
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