The 5th Crunchyroll Anime Awards were held on February 19, 2021, honoring excellence in anime from 2020. Crunchyroll announced the list of categories as well as the judges on December 16, 2020. They noted that the categories used in the previous edition were to be used in this edition as well. They also noted that the number of judges increased. Nominees were announced on January 15, the first day of voting. It ran until January 22. There were 15 million votes cast, with a majority coming from the United States, Mexico, and Brazil. The awards ceremony was streamed live on February 19 as a digital event. It was virtually hosted by Tim Lyu with Crunchyroll-Hime, the official mascot of Crunchyroll. Due to the COVID-19 pandemic, Crunchyroll noted that the show "will look different."