Demi Moore Reflects on Oscar Loss to Mikey Madison

Demi Moore, widely considered a frontrunner for the Best Actress Oscar for her role in 'The Substance,' ultimately lost to Mikey Madison, who starred in 'Anora.' Despite earlier wins at the Golden Globe and SAG Awards, Moore sensed Madison would win, telling her manager moments before the announcement. Moore described feeling calm and accepting of the outcome, though she acknowledged some disappointment, noting it would have been wonderful to win. Madison, the youngest Best Actress winner in three decades, praised her fellow nominees in her acceptance speech, while Moore graciously congratulated Madison both publicly and on social media. Moore reflected on the vulnerability required for her performance in 'The Substance,' stating it helped her tap into her own emotions. She was recognized as one of TIME's 100 most influential people of 2025 following the awards season.