All of the biggest speeches, the most surprising wins, and best jokes from Conan O'Brien's monologue at the 2025 Oscars.

Conan O’Brien: “If your acceptance speech ... The perfect movie for anyone who finished watching ‘The Wizard of Oz’ and thought, ‘Yeah, but where did all the minor characters go to ...

"It's the perfect movie for anyone who's ever finished watching 'The Wizard of Oz' and thought, 'Sure, but where did all the minor characters go to college? That's the story.'" Host Conan O'Brien ...