John Shearer/AP
Erin Strecker
March 03, 2014 AT 05:18 AM EST

Cate Blanchett was named Best Actress at the Oscars earlier tonight for her performance in Blue Jasmine. She beat Amy Adams, Sandra Bullock, Judi Dench, and Meryl Streep.

“Thank you, Mr. Day-Lewis,” Blanchett said to Daniel Day-Lewis who presented the award to her. “From you, it exacerbates this honor and blows it right out of the ballpark. ”

In her speech, Blanchett also touched on the need for more films starring women. “[To the people who think] films with women at the center are niche. They are not….In fact, they earn money. The world is round, people!” Blanchett also thanked Blue Jasmine director Woody Allen.

Blanchett won an Oscar once before, for her performance in The Aviator. 

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