Jeremy Corbyn's critics overplayed their hand in the weeks leading up to these elections. They set obviously unachievable targets, assuming Labour faced a nationwide collapse.
In fact, the party's results were poor overall - catastrophic in Scotland. But because that national collapse didn't happen, Mr Corbyn emerges a tiny bit stronger.
That doesn't mean the bigger questions about his leadership, and Labour's electability, have been resolved.
In SCOTLAND Labour's performance was abysmal. Soundly beaten into third place by a Conservative party, that at one time was thought close to extinction in the country. It's a huge personal victory for Ruth Davidson, who's pushed the Scottish Tories forward, despite David Cameron's deep unpopularity in Scotland.
The SNP slipped back a little, but retains a stranglehold on power. That won't last forever, though, and there are early signs the anti-nationalist vote is gathering under the Tory banner. For Labour, that's a deeply worrying trend, as it's hard to see the party ever winning at Westminster without reversing its losses in Scotland.
Labour did better in WALES. Even though its vote fell back, the split opposition means it only lost one seat on the Assembly. UKIP's surge in the country is a fascinating trend, and further proof that the party is as big a threat to working-class Labour votes as Tory ones.
The council elections in ENGLAND were Labour's biggest test. The party needs to make big gains, especially in the south, to have any chance in 2020. And while Labour slipped back a little, it didn't lose hundreds of council seats, as so many had predicted.
Holding steady is not the same as moving forward, and Labour has a long way to go to be in with a chance in 2020. But Mr Corbyn's critics didn't get the knock-out blow they were hoping for.
In LONDON, Labour remains the dominant force. Sadiq Khan was comfortably elected as Mayor, and Labour won over 40% of the vote. Welcome as that will be, there are few gains for Labour in London - the party must look elsewhere to build towards victory in a General Election.
David Cameron will be relieved to have escaped relatively unscathed. A great result in Scotland (albeit from a wing of the Tory party that does its best to never mention him), and a decent performance in England. Secretly, he long ago gave up hopes Zac Goldsmith could win in London. His mind will immediately shift to June 23rd - a much more worrying vote for the Prime Minister.
Tim Farron will be quietly pleased. While the Lib Dems slumped in Wales, across England there are tiny signs of a tiny fightback. He's admitted it will take a long time to restore the Liberal voice in politics, but at least it's a start.
Meanwhile Nicola Sturgeon remains the dominant figure in Scottish politics. The SNP leader now has a personal mandate at Holyrood, and has seen off the Labour party.
Jeremy Corbyn may feel he's dodged a bullet. His supporters will turn on any internal critics with renewed vigour. But Labour's collapse in Scotland is a real worry for him, and elsewhere there are few signs his party is making the kind of gains they need to have any chance of returning to power.