Jimmy Kimmel has shared his thoughts on the future of late-night television following Stephen Colbert's exit from The Late Show, admitting to feeling 'a little bit defeated.' In an interview with Vulture, Kimmel reflected on the challenges facing the industry, noting that while late-night shows are not as profitable as they once were, they still attract significant viewership, especially online. Kimmel questioned CBS's decision to offer Colbert a five-year contract in 2023, given the show's alleged financial struggles. He revealed that his own contract with ABC is set to end in May 2027, with a one-year renewal for 2025, which is a departure from the usual three-year extensions. Despite contemplating his departure from hosting, Kimmel emphasized the importance of being responsible in his decision-making. His producer, Erin Irwin, expressed hope that he would remain on air through the 2028 presidential election, although Kimmel appears to be weighing his options after more than two decades in the role.