In Squid Game Season 3, the ending is both brutal and hopeful. The season concludes with a shocking twist where the main character, Gi-hun, ultimately wins the deadly games but is left grappling with the moral implications of his victory. The finale reveals the fate of several key characters, including unexpected deaths and betrayals, while also hinting at the potential for future seasons and the ongoing cycle of violence within the games. The creator emphasizes themes of survival and the human condition, leaving viewers with a mix of closure and lingering questions about the future of the characters and the games themselves.