Stephen Colbert put on an emotional and existential final episode of âThe Late Showâ Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs.

Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows of seats.
âIf youâre just tuning into âThe Late Show,â you missed a lot,â he quipped, alluding to CBS parent company Paramountâs controversial and politically charged decision to cancel the show.
Paramount cited financial pressures, but many Colbert fans blamed political pressures, namely President Donald Trumpâs contempt for Colbertâs frequent criticism of him. Paramount was urgently seeking the Trump administrationâs approval of a media merger at the time Colbert was given marching orders last summer.
Trump celebrated Colbertâs final show in a Truth Social post, writing, âAmazing he lasted so long! No talent, no ratings, no life. ⊠Thank goodness heâs finally gone!â
Colbert notably did not mention Trump at all during Thursdayâs finale. Nor did he dwell on the symbolism of his show being taken off the air.
Instead, he expressed appreciation for his years at CBS, choosing to be grateful for the time he had, rather than angry about it ending.
When Colbert noted that he was beginning the final episode and his fans booed, he put up his finger and said, âNo, no, we were lucky enough to be here for the last 11 years. You canât take this for granted.â
The monologue was interrupted by celebrity friends like Bryan Cranston, Paul Rudd, and Tim Meadows, who all vied to be Colbertâs last guest. Ultimately it was Paul McCartney who sat down with Colbert for an in-depth interview.
âWhat could be more full circle than a crowd screaming for Paul McCartney at the Ed Sullivan Theater?â the showâs TikTok account asked in a post.
Thatâs because McCartney and The Beatles famously performed on âThe Ed Sullivan Show,â on the same stage, in 1964.
On Thursday night, McCartney riffed about how he is resistant to change. Take the iPhone, with its constant software updates, he said: âI bought you. I donât want you to change.â
Colbert sympathized, but seemed ready to adapt to the changing circumstances of his career.
In his monologue, he joked, âA lot of people have been asking me what I plan to do after tonight, and the answer is ⊠drugs.â
But Colbert, true to self, also had some sincere things to say about his relationship with the late-night audience.
He harkened back to the way he introduced himself as a blowhard character on Comedy Centralâs âColbert Reportâ in 2005: âAnyone can read the news to you. I promise to feel the news âatâ you.â
Once he moved from Comedy Central to the much bigger CBS stage in 2015, âI realized pretty soon ⊠that our job over here was different,â he said. âWe were here to feel the news with you. And I donât know about you, but I sure have felt it.â
Colbertâs monologues and interviews tried to make sense of the news and noise. Youâre ânot crazy,â he sometimes said to viewers, when dissecting especially shocking stories.
Toward the end of Thursdayâs finale, Colbertâs show imagined that an âinterdimensional wormholeâ had opened up at the theater and was threatening to consume all of late-night.
Colbertâs late night rivals-slash-friends arrived to help.
âAt some point, this may come for all of our shows,â HBOâs John Oliver quipped.
ABCâs Jimmy Kimmel, alluding to his brief suspension last year amid Trump administration pressure, said the wormhole had appeared at his show back then, âbut it went away after about three days.â
Jon Stewart, who hosts âThe Daily Showâ for Paramountâs Comedy Central, delivered a joke at the parent companyâs expense: âParamount strongly believes in covering both sides of any black hole that is swallowing everything we know and love, and the coverage must also include the positive aspects of the insatiable emptiness.â
The episode came to a close with two taped performances: First, Colbert, Elvis Costello and former âLate Showâ bandleader Jon Batiste performed an old favorite of Colbertâs, Costelloâs 1977 demo âJump Upâ about lying, hypocritical politicians.
Then McCartney, Costello and others sang the Beatles classic âHello, Goodbye.â The show concluded by imagining the Ed Sullivan Theater existing inside a snow globe â a reference to the ending of the 1980s drama âSt. Elsewhere,â suggesting all the years were just a dream.
After Colbert and his producers taped the final episode on Thursday evening, they headed to a star-studded wrap party nearby.
Colbert has said in interviews that he hasnât had much time to think ahead to what he might want to do next, though he is on the hook to help write a new âLord of the Ringsâ movie.
âI donât have much better of an answer than most college seniors do, which is Iâve got to finish this first, because it takes almost the entirety of my brain to do this show,â he told People magazine. âSo weâll land this plane and weâll check out the view from there.â
Starting Friday, the 11:35 p.m. window belonging to âThe Late Showâ will be controlled by Byron Allen, whose media company leased the time slot from CBS for his show âComics Unleashed.â
Allenâs talk show features a rotating roundtable of comics who tell stories and riff on each otherâs jokes, and itâs purposefully evergreen in nature so that the episodes can be repeated later, which means it noticeably lacks any political humor.