The Winners and Losers of the 2026 Oscars

After an awards season that made us feel the passage of time as ruefully as the protagonist of Train Dreams, the 98th Academy Awards are finally in the books. With Conan O’Brien returning as host—and former host Jimmy Kimmel making a memorable cameo comparing CBS to North Korea—Hollywood’s biggest night delivered a mix of long-awaited victories, surprising outcomes, and a few moments that will live on in Oscars lore. Here are The Ringer’s biggest winners and losers from Sunday night’s ceremony.