THE RUNDOWNMikey Madison attended the Oscars tonight as a presenter.On the red carpet, she wore a red velvet gown by Dior.The actress won Best Actress last year for her breakout performance in Anora.Mikey Madison’s journey from breakout indie star to Oscars royalty has unfolded quickly. One year after taking home the Best Actress honor for Anora, the actress returned to the Dolby Theatre tonight as a presenter at the 98th Academy Awards.For the occasion, Madison wore a luxurious red velvet gown by Dior, adorned with floral appliqués and thin beaded off-the-shoulder straps. She accessorized with Tiffany & Co. jewelry.Lexie Moreland//Getty ImagesGilbert Flores//Getty ImagesIn Anora, Madison’s performance as Ani—a Brooklyn dancer swept into a whirlwind romance with the son of a Russian oligarch—earned widespread acclaim. During her acceptance speech at last year’s ceremony, Madison reflected on the community of sex workers who helped inform the role. “The women I’ve had the privilege of meeting from that community has been one of the highlights of this entire incredible experience,” she said. “I also just want to again recognize and honor the sex worker community. I will continue to support and be an ally.”Madison has also been building a relationship with the fashion world as her profile has grown. She attended Dior’s spring/summer 2026 show in Paris last year and spoke to ELLE UK about her appreciation for the craft behind the clothes. “Clothing is such a personal form of expression,” she said. “I’ve always appreciated the people who imagine and create the pieces we use to tell our individual stories.”The actress has quickly become a notable red carpet presence on the awards circuit. At the 2025 Oscars—her first time attending the ceremony—she wore a pink and black Dior gown featuring a bow at the bodice, paired with Tiffany & Co. jewelry.Scott Kirkland//Getty Images