A month after Colbert announced that The Late Show will be ending after 10 seasons as its host, reports emerged that it had been losing $40 million annually. During a recent interview with Variety, Kimmel, 47, shut down those claims, calling them “beyond nonsensical.”

Stephen Colbert announced in July that CBS will be canceling “The Late Show” in May 2026, more than 10 years after he took over as host.

While receiving a TV Academy Hall of Fame award, Conan O’Brien offered some thoughts about the state of late-night television.