In a letter posted on Twitter, Comedy Central wrote, "For the better part of the last two decades, we had the incredible honor and privilege of working with Jon Stewart."
The network says Stewart will remain at the helm of the Daily Show until later this year.
"He is a comic genius, generous with his time and talent, and will always be a part of the Comedy Central family," the letter stated.
Tonight! For once, you wanna stay through the interview.— The Daily Show (@TheDailyShow) February 11, 2015
Stewart recently wrote and directed the film Rosewater.