Demi Moore has definitely been taking the substance. The actress made her mark on the Oscars 2025 red carpet on Sunday night, arriving at the Dolby Theatre in Los Angeles wearing an Armani Privé gown covered in silver rhinestones. The look was complete with draping around the waist and a plunging neckline.

Mikey Madison won the best actress Oscar on Sunday for “Anora," a role that catapulted the 25-year-old into a film career after achieving initial success on television. Her victory was part of a huge night for the Brooklyn-set comedy-drama,

"The Substance" star Demi Moore shines bright at the 97th Academy Awards' red carpet Sunday as a first time Oscar nominee.

"The Substance" actress also told Madison she "can’t wait to see what you do next." Demi Moore is taking a (very classy) moment to reflect on the monumental awards season she just had. Thanks to key precursor wins at the Golden Globes and SAG Awards — and endlessly charming and passionate speeches at said ceremonies — many awards prognosticators penciled in Moore to win the Oscar for Best Actress for her role in The Substance at Sunday night's Academy Awards.

Moore had been considered a favorite for her strong performance in “The Substance,” but Madison won for “Anora.”

Mikey Madison took home the trophy for best actress at the 97th Academy Awards – a bit of a shock to viewers at home counting on Demi Moore.

Lip reader reveals Demi Moore's reaction after breakout star Mikey Madison won best actress Oscar for "Anora."

One of Sunday’s biggest shockers ended up being the race for Best Actress in a Leading Role. Mikey Madison won the coveted award at the 97th Academy Awards for her role in “Anora” when most assumed the trophy would go to Demi Moore for “The Substance.