That is what they said, although people have mentioned this is the longest Smash direct yet. They almost always reveal something at the very end of them, so I'm thinking maybe the final DLC character from Pack 1 will be announced. Game awards could be the start of the next batch?
You have to make the difference between a Direct and the Livestream. Direct is full of info and reveal, Livestream is basically Sakurai showing an introduction trailer and then play the game for some time.