Yes, that is a hint of a baby bump.
Joining Lively at the photocall during The 69th Annual Cannes Film Festival earlier today (May 11, 2016) in Cannes, France were her co-stars Kristen Stewart, Jesse Eisenberg and Corey Stoll along with director Woody Allen.
Stewart looked edgy with her platinum blonde hair and dark roots. She wore a cropped white t-shirt, Chanel skirt, and Louboutin heels.
See all the pics from the photocall of Café Society in the gallery above.