US ad spend on social media is projected to grow 9% this year, and return to double-digit growth in 2024, per eMarketer.
One of the platforms advertisers are pouring money into? TikTok. If you think the platform is just for teens and Gen Z, think again. Over 3 billion people have downloaded the app, and 37% of those are over the age of 30. The opportunity to target these consumers has catalyzed emerging and established advertisers to pour their marketing budgets into the platform, and if you’re looking to reach these brands, Winmo has you covered.
We used Winmo Social to surface brands spending $3M+ on TikTok annually.
Click the image to download, then read on for prospecting pointers.
Here’s a look at a selection of the top US TikTok spenders profiled in Winmo:
2022 TikTok spend: $12M | Focusing on sports marketing to appeal to male consumers
The athletic brand debuted a Pokémon-themed collection of apparel in late 2022 in partnership with Niantic and Foot Locker and worked with PR shop Allison+Partners on a campaign. Puma’s sports marketing appeals specifically to male consumers such as Gen Alpha, Gen-Z, and millennials (on digital and social channels) and Gen-X through national TV, print, OOH, and local broadcast. Its TikTok spend increased sharply in July and August of 2022, and we expect spend could pick up heading into Q2 2023.
Puma will likely:
- Keep increasing spend
- Pursue athlete brand sponsorships
- Seek new agency partners
Puma social media advertising:
2022 TikTok spend: $14.8M | CMO mentions shifts in strategy
The company is working to “connect with a broader community” rather than solely focusing on reaching Gen-Z and millennials. Vans often works with Tony Hawke and hopes to reach Gen-X consumers rather than just his younger skateboarder fans by leaning heavily on inclusivity marketing with the mindset that Vans is for everyone. It’s TikTok spend increased sharply in July and August of 2022, and we expect spend could pick up heading into its peak buying period of Q2.
Vans will likely:
- Continue targeting younger audiences secondarily
- Continue adjusting its strategy
- Work with additional influencers
- Keep increasing spend
Vans social media advertising:
2022 TikTok spend: $3.3M | Seeking younger consumers
Honda (and its subsidiary brand, Acura) recently entered a multi-year deal with Topgolf, making the two brands the “Official Automotive Partners” and “Official Vehicles” of Topgolf. The deal includes sweepstakes, on-site vehicle displays, and other marketing activations that Honda believes will allow it to reach Gen-Z and millennials more effectively.
Honda spent more than $3M on TikTok last year, peaking in August and October. Those strong months, combined with the brand’s recent interest in entertainment opportunities (per Winmo’s intent insights), may lead to some big social campaigns ahead.
The company will likely:
- Form additional sponsorships/partnerships
- Continue increasing ad spend
- Focus more funds on attracting younger consumers
Honda social media advertising: