However, there were some slightly cringe-worthy moments.
1. Kelly's Single-Camera Shot
The co-hosts held hands as they arrived on set together but Kelly decided not to immediately sit down. Instead, she emotionally addressed the audience -- who gave her a standing ovation -- by herself, with Michael not in the shot. "I am fairly certain that there are trained professional snipers with trained tranquilizer darts in case I go too far off message," she joked.
Kelly made several quips during her lengthy statement, and Michael could be heard, but not seen, laughing along with his 45-year-old co-host.
3. Michael Compares Kelly to Oprah
When Michael referred to Kelly as the "Queen of Daytime Television," she jokingly bit back, "Oprah is the real queen. How dare you!" He responded, "Oprah is retired now."
4. Awkward Compliments
Michael was big on praising Kelly's return to Live!, and even reiterated his adoration for her before the audience member dance segment. When he exclaimed that he was "so happy" she was back, Kelly responded, "Where else would I be?"
There was also a moment during the daily trivia question that referred back to Monday's show where Kelly quipped, "Don’t look at me, I wasn’t here!"
6. Kelly's Planned Vacation
As for her time off, Kelly wanted the audience to know that she only took one day off, Wednesday, following the news that Michael was leaving, and the rest was planned vacation time. "This is the strange timing about all of this," she explained. "I took a day to process all of this, but I had a trip planned. People think we made this all up but we had a trip planned, my husband [Mark Consuelos] and I, to celebrate our 20th [wedding] anniversary."
For those fans that follow Live! on Instagram, you may have noticed that the daily video of the co-hosts walking onto set was not posted. Instead, a video of Kelly modeling her red Roland Mouret jumpsuit was shared, which might have viewers wondering how things went down before the co-hosts hit the stage together.
During her statement at the beginning of the show, Kelly further confirmed that she was issued an apology by ABC execs. "Apologies have been made," she said. "Our parent company has assured me that Live! is a priority."
Michael and Kelly will resume their hosting duties once again when Live! returns on Wednesday, with Ricky Gervais as a guest. Only time will tell if the outspoken comedian will choose to address the drama.