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.”

Jimmy Kimmel advocates for voters to give Stephen Colbert his first Emmy for the 'Late Show' after being nominated nine years in a row without a win.