“The Late Show with Stephen Colbert” is reportedly coming to an end next May, according to CBS News.

The announcement from Colbert himself came during Thursday’s taping of the show.

“I want to let you know something I found out just last night,” Colbert is said to have told the live audience while cameras were rolling.

In a statement to CBS News, Paramount said “The Late Show” franchise will end in May 2026, the end of the broadcast season, and that the decision to pull the plug was for financial reasons only.

Stephen Colbert smiles after winning an Emmy for “Stephen Colbert’s Election Night 2020: Democracy’s Last Stand Building Back America Great Again Better 2020.” (Chris Pizzello/The Associated Press)
“We consider Stephen Colbert irreplaceable and will retire ‘THE LATE SHOW’ franchise at that time. We are proud that Stephen called CBS home. He and the broadcast will be remembered in the pantheon of greats that graced late night television.”

The statement added that the decision comes against “a challenging backdrop in late night” and has nothing to do with how the show has been performing.

Paramount and Colbert’s announcement come only a matter of weeks after another CBS late night show, “After Midnight” hosted by Taylor Tomlinson, came to an end so that Tomlinson can return to doing more standup comedy, Variety reported. Colbert produced that show and said that while they were excited for a third season, he respected her decision to return full-time to tour her standup act.

Colbert’s tenure at “The Late Show” began in September 2015, when he took over for original host, late night legend David Letterman.