He was probably now worried about Philip's influence in the region, and thus sought to ally with the Athenians, giving them control of all the cities of the Chersonese except Cardia.
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At the end of his Thracian campaign, Philip moved against the city of Perinthos, formerly his ally.
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Athens sent out new settlers to the cleruchs on the Chersonsese under the command of Diopithes, who proceeded to ravage the territory of Cardia, and ally of Philip.
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Firstly, and most pressingly, Philip probably wanted to take control of the border region of Perrhaebia (traditionally part of Thessaly), in order to secure Macedon's southern border.
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The Spartan hegemony was fallen after that battle, and the Thebans became a new power within the Hellenic world, until the rise of Macedon.