Demi Moore isn’t taking her surprise Academy Awards loss to heart. Moore was widely seen as this year’s front-runner for the Best Actress Oscar for “The Substance,” in which she portrays a fading Hollywood star who goes to deadly extremes to appear youthful.

Demi Moore revealed in a new interview that she predicted 'Anora' star Mikey Madison was going to win the Academy Award for Best Actress moments before the award was announced on March 2. "I was so centered and calm.

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.