In the revised edition, IIRC, Bilbo later, with Gandalf, tells the story to the Dwarves and omits mention of The Ring. Then Balin calls for it to be retold, with The Ring in it’s place. Gandalf gives Bilbo a look from under his bushy eyebrows.
I think the revised-revision comes from the Prologue to the Fellowship/LOTR - “Of the finding of The Ring” where Tolkien sets forth/retcons all you’ve read and sets the record straight 
In every published edition of “The Hobbit” I’ve seen, and I’m way too young to have seen the 1937 edition, Gandalf never hears about the ring. When Bilbo first tells the company the story immediately after his escape, he tells them everything truthfully except about the Ring itself - he says that Gollum missed him in the dark, and he dodged the goblin guards, not that he unexpectedly turned invisible. That’s when Gandalf gives him the look:
Bilbo only reveals the existence of the ring when he has to rescue the dwarves from the Spiders. After they get away, the dwarves demand the entire truthful story:
But at that point in the story, Gandalf is long gone.
I half expected Radagast to turn evil and lead an army of vicious bunnies to the conquest of Middle-Earth.
'There will be no dawn for men!" [wipes birdshit off beard]
Did anyone catch Peter Jackson’s cameo in the final movie? I did not.
The extended cut of the final movie is coming to theaters on October 5.
And get this.
It’s rated “R” in the US.
For Hot Dwarf-on-Elf action? 
The final confirmation was after Bilbo left, inside Frodo’s(Bilbo’s) house, when Gandalf threw it in the fire and read the last two lines. Before that, Gandalf and the dwarfs knew Bilbo had a special ring and knew somewhat about Gollum. But the clincher was when he saw what Isildur wrote down from Sauron’s ring on Bilbo’s.
You have read Bored of the Rings. Good Man!
At least the casting for the main hobbit character was a lot better.
I was hoping that instead of coming out with extended versions of each film that they would combine all 3 films into one condensed 3 hour Hobbit movie.
Just saw the extended Battle of the Five Armies.
One very long extended sequence was highly worth it. The dwarves ride in a chariot and we get to see the mute one have the axe pulled out of his head. Also, Bombur gets one line as well, which is nice.
My wife and I watched all 3 extended Hobbits over the past week. We were both surprised how good they actually are. I think there has been a lot of over-exaggeration as to how bad these movies are. They aren’t bad at all. Not as good as Lord of the Rings, but really very excellent movies.
And thus, 5 years, 1 month, and 1 day since I created this thread, I have seen all three extended editions of these movies.
Yep, they certainly seem to last that long when watching them back-to-back.
Could you quote it, perhaps with context? Spoiler box is okay… Thanks!
Strong agreement. There may be things wrong, but there are so many, many more things right. The staggering beauty of the scenery, enhanced here and there with moviemaking tricks, is utterly breathtaking.
The artificially enhanced individuality of the Dwarves is a contrivance, but it helps bypass the problem in the book, of “They’re all the damn same.” (I can’t remember which Dwarf – Oin? – who does nothing in the entire book!) Making them strongly individual was a good moviemaking trick.
The various architectural styles – Rivendell, the Forest Trail, the Elven Kingdom, the Necromancer’s fortress, and the Kingdom Under the Mountain – are absolute triumphs of artistic creativity. Most movies are fortunate to have one staggering insight of pure genius, but to have five is all but unprecedented!
I won’t spoiler box it. In the extended cut, Bifur gets the axe out of his head. He butts heads with a large orc and the handle gets stuck in the orc’s head. They push the orc off a cliff, Bombur climbs down the dangling orc and the axe comes out out of Bifur’s head and makes the orc fall to his death.
Bombur climbs back up with the axe in hand and says, “Cousin, I got your axe back for you!”
Bifur says, in English, “I can tell you where you can shove that axe,” and he throws it away.
So Bombur says one thing and Bifur can speak common tongue again. I liked it.
Grin! Thank’ee! I need to see the ex.eds!
This extended edition, like the others, is better that the theatrical version, but Peter Jackson ignored my hopes that it would have more non-battle stuff.
Much of the filler is filler, and includes pet scenes cut from the movie, like the entire dwarf chariot sleigh ride sequence. The added bits linking it to LOTR, particularly the fight scene at Dol Guldur were excellent, but few.
I always enjoy the extra material he’s included - given it was such a massive and well-resourced production with so many talented people, there is a vast amount worth watching among these.
I recently watched and enjoyed this 4 hour fan edit version: Maple Films - J.R.R. Tolkien's The Hobbit
Shorter is definitely better as far as I’m concerned. You’d have to pay me to watch the theatrical films again. You’d have to pay me a LOT to watch the extended versions.
What key cuts were made, please?
Here’s Donald Trump on dealing with the problems of Middle-earth: Donald Trump: Let Me Tell You About Smaug