I'm still seeing the same battery drain in standby on my 2018 11" iPad Pro. 3 hours ago right after the update, I was at 85%. It's been sitting doing nothing since then and is already down to 81%. Pre-update it would often do that and then finally settle down after about an hour or so--usually only loses about 5% total overnight. But that's still too much in my opinion. I'll have to see if there's any improvement overnight tonight, but I'm not super optimistic.
This isn't deal breaker battery drain, but it just frustrates me that it's noticeably worse than it used to be. I use my iPad for everything and wish the battery was still as stable as it used to be. I acknowledge that part of it could just be that it's over a year old now and has a few charge cycles under its belt, but it's not like it gets a nightly charge like my iPhone does. I think iPadOS is just less efficient in standby unfortunately.
Never, never, never, never judge battery life in the hours after updating your phone.