Instagram/Olivia Rodrigo & Will Fer TV SNL's 51st season ends with a bang! Olivia Rodrigo hosts & performs, Matt Damon returns, and Will Ferrell closes the epic May 2026 finale. April 19, 2026 AceShowbiz - Saturday Night Live is gearing up for an exciting conclusion to its 51st season, featuring a star-studded lineup of hosts and musical guests. Among the highlights are Olivia Rodrigo, longtime favorite Will Ferrell, and actor Matt Damon, all set to headline the final episodes in May 2026. On May 2, Olivia Rodrigo will make her debut as an SNL host while also performing as the musical guest.