Super Smash Bros. Ultimate has just received been updated to Ver. 5.0.0, which has added a lot of new content to the game. Banjo-Kazooie has been added as the third character in the Fighters Pass, while the Home-Run Contest mode has returned to the game. There have also been several new Mii Fighter costumes added, including one of Sans from Undertale which has added a remix of "Megalovania" to the game.
The latest patch has brought some balance updates to Super Smash Bros. Ultimate, but these changes are not as numerous or severe as the past few patches, which heavily affected several characters in the game.
The Ver. 5.0.0 patch has mostly been beneficial to several characters while weakening at least one prominent item. The information concerning the new patch is taken from Nintendo.
Nerfed - The Smash Ball
One of the strangest changes in the latest patch for Super Smash Bros. Ultimate is to an item, as the Smash Ball now moves slower and is easier to hit. There are some minor tournaments that use the Smash Ball in battles, though it's generally not used in competitive play due to a total restriction on items, so this change won't be important to the competitive scene overall.
Buffed - Daisy & Peach
Daisy and Peach are considered to be some of the best characters in Super Smash Bros. Ultimate and they have just been made a little better. The multiple hits of the Daisy Parasol & Peach Parasol moves now connect more reliably into each other.
Buffed - Ice Climbers
In Super Smash Bros. Ultimate, it's possible for a character hanging from the edge to be knocked off by another character who also recovers to the edge. The Ice Climbers had this ability restricted in the last patch, but it has been restored in Ver. 5.0.0. According to the patch notes, Nana of the Ice Climbers can now steal edge grabs once more.
Buffed - Villager
The Villager has the ability to bury opponents using his down smash attack. If this move is followed up by Villager's up smash attack, then they will be shot up in the air and hit multiple times.
Changed - Hero
Hero has been a controversial figure among the Super Smash Bros. Ultimate fanbase since his release, due to the random nature of his moves causing potential upsets in competitive matches.
Two of Hero's moves have been altered in the latest patch for Super Smash Bros. Ultimate, which might not be the overhaul that some fans were expecting. The Kafrizz spell can now be absorbed, guarded against with a shield, or reflected after it has exploded, while the Magic Burst spell increases the amount of time that the opponent will be in the damage animation if they are hit at the start of the move.