The hit talk show host and actor will return for her second stint as Oscar emcee on March 2, 2014, producers Craig Zadan and Neil Meron announced today.
"We are thrilled to have Ellen DeGeneres host the Oscars," Zadan and Meron said in a statement.
"There are few stars today who have Ellen's gift for comedy, with her great warmth and humanity. She is beloved everywhere and we expect that the audience at the Dolby Theatre, and in homes around the globe, will be as excited by this news as we are."
"I am so excited to be hosting the Oscars for the second time," said DeGeneres, who earned an Emmy nomination for her 2007 Oscar-hosting gig. Her syndicated program The Ellen DeGeneres Show has earned 45 Daytime Emmy Awards over its 10-season run.
"You know what they say — the third time's the charm," she quipped.
DeGeneres was awarded the Mark Twain Prize, the highest U.S. humour honour, in October 2012.
In February, Family Guy creator and voice actor Seth MacFarlane earned mixed reviews for his turn at the high-profile podium — a hosting gig watched around the globe. Though the boundary-pushing MacFarlane helped appeal to younger audiences and the movie awards show drew its biggest audience in three years, his jokes about domestic violence, women's bodies and Jews in Hollywood offended some viewers.
Shortly after the ceremony, he revealed that if asked to host again, his response would be: "No way."