"I didn’t feel gutted. I didn’t feel any of those kinds of things. I just trusted, and am in trust of, whatever is going to unfold," the 'Substance' star said.

Demi Moore can clearly remember the moment she realized she would lose the Best Actress Oscar to Mikey Madison. Moore, who led “ The Substance ,” lost to the “ Anora ” actress during the 2025 Oscars. In a new interview, Moore shared that she knew during the commercial break before the award was announced that she was not favored by the Academy.

Moore was nominated for her first Oscar at the 2025 Academy Awards for her role in "The Substance," but ultimately lost to "Anora" star Mikey Madison.