After winning Best Director, Best Score, and Best Production Design, The Shape of Water took home the Academy Award for Best Picture. Guillermo del Toro's The Shape of Water won the award in a category that featured eight other impressive titles, including Jordan Peele's Get Out, Paul Thomas Anderson's Phantom Thread, and Steven Spielberg's The Post.
Del Toro accepted the award on behalf of the cast and crew, and encouraged filmmakers to use fantasy/genre as a way to tell stories about what's going on in the world today. Aside from his earlier "Best Director" win today, Del Toro was previously nominated for Best Foreign Language Film and Best Original Screenplay for Pan's Labyrinth in 2007.
We've included the Best Picture clip below and you can view his Best Director speech here: