“ I ’m sorry to everyone who had hope for me . ”

In a night of fairly predictable wins, the biggest surprise of the 2025 Oscars was perhaps whenMikey Madisonwon the award for Best Actress for her performance inAnora, beating outDemi MooreforThe Substance.

Mikey and Demi were undoubtedly thetwo frontrunnersin the Best Actress race, having both won major awards in the lead-up to the Oscars. But, as the big night drew closer, the general sense was that Demi would be the one to take home the Academy Award, marking the culmination of her long and turbulent Hollywood career.

So, after Mikey emerged triumphant on March 2, becoming one of theyoungest Best ActressOscar winners in history, fans online were divided. Despite all the love for Mikey andAnora, many felt that Demi was perhaps more deserving of the win after giving such a career-defining performance inThe Substance— a movie that, ironically, focuses on the pressures of aging in Hollywood.

Earlier this month, in an interview with Time magazine for itsTime100 issue, Demi shared her honest reaction to the loss, admitting that she had a feeling the award would go to Mikey on the night. “I leaned over and whispered to my manager, ‘I think it’s going to Mikey.’ I don’t know why I knew, but I did,” she said, adding that she felt “so centered and calm” when her name wasn’t called out. “I didn’t feel gutted… I just trusted, and am in trust of, whatever is going to unfold.”

Now, Demi has answers for the people who feel she was snubbed. During a conversation at theTime100 summitinNew Yorkon Wednesday, she was asked about the widespread sentiment that she “should have won the Oscar” and whether she can see herself returning to theAcademy Awardsin the future.

“I think that would be nice. I can’t say I’d be mad at it,” she said jokingly about the prospect of winning an Oscar at some point. “The question of ‘Should I have won?’ is certainly not the perspective of how I hold it. Because I didn’t [win]. And I really do subscribe to this idea that everything in life is happening for me, not to me.”

“That doesn’t mean there isn’t disappointment, pain, or that things go the way I would like. But when I look at it through that lens, it allows me to step back and say, ‘What is this trying to give me?’” she continued. “And in that moment, it was being projected that I would win, and so, of course, there’s disappointment. I also immediately recognized that there is something that is greater that I am to be in service to — even if I don’t know what that is.”

Despite her complicated feelings, Demi has shown nothing but love for Mikey, whom she said she “had the pleasure of getting to know” during the 2025 awards season. “She did an incredible performance, and really, it’s an odd thing for there to be a competition anyway,” Demi said.

The 62-year-old star also admitted that the Oscar win would’ve been the perfect “completion” to her journey withThe Substance, but now feels “there’s more work to be done. This issue is not complete.” “I’m sorry to everyone who had hopes for me that was also the hopes for themselves, because I did feel a lot of collective disappointment that felt like it was even bigger than me,” she concluded.

Demi, we’re getting you that Oscar. I don’t know how, where, or when, but we’ll make it work. You can find her full conversation from theTime100 summit here.

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Adrien Brody, Mikey Madison, Zoe Saldaña, and Kieran Culkin holding their Oscars

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Mikey Madison holding her Oscar

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Demi Moore at the Oscars

Demi Moore speaking at the Time100 summit

Demi Moore speaking at the Time100 summit

Mikey Madison and Demi Moore at a formal event

Mikey Madison accepting her Oscar

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Two people smiling, holding Oscars, with a tweet overlay discussing age discrimination in acting awards

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