The Athletic made a profit in the third quarter of 2024 for the first time since its launch, according to the latest financial results from parent publisher The New York Times Company.

NYT Co bought the loss-making sports news brand, which launched in 2016, for $550m in January 2022 and it has taken two-and-a-half years since then to get it into quarterly profit of $2.6m.

This is an improvement from a loss of $2.4m in Q2, of $8.7m in Q1, $4.4m in Q4 2023 and $7.9m in Q3 last year.