diff --git a/src/components/ha-hls-player.ts b/src/components/ha-hls-player.ts
index 5b84c8d4e2..05e7e6cdc9 100644
--- a/src/components/ha-hls-player.ts
+++ b/src/components/ha-hls-player.ts
@@ -104,7 +104,6 @@ class HaHLSPlayer extends LitElement {
 
   private async _startHls(): Promise<void> {
     const videoEl = this._videoEl;
-    const playlist_url = this.url.replace("master_playlist", "playlist");
     const useExoPlayerPromise = this._getUseExoPlayer();
     const masterPlaylistPromise = fetch(this.url);
 
@@ -126,13 +125,30 @@ class HaHLSPlayer extends LitElement {
     }
 
     this._useExoPlayer = await useExoPlayerPromise;
-    let hevcRegexp: RegExp;
-    let masterPlaylist: string;
-    if (this._useExoPlayer) {
-      hevcRegexp = /CODECS=".*?((hev1)|(hvc1))\..*?"/;
-      masterPlaylist = await (await masterPlaylistPromise).text();
+    const masterPlaylist = await (await masterPlaylistPromise).text();
+
+    // Parse playlist assuming it is a master playlist. Match group 1 is whether hevc, match group 2 is regular playlist url
+    // See https://tools.ietf.org/html/rfc8216 for HLS spec details
+    const playlistRegexp = /#EXT-X-STREAM-INF:.*?(?:CODECS=".*?(?<isHevc>hev1|hvc1)?\..*?".*?)?(?:\n|\r\n)(?<streamUrl>.+)/g;
+    const match = playlistRegexp.exec(masterPlaylist);
+    const matchTwice = playlistRegexp.exec(masterPlaylist);
+
+    // Get the regular playlist url from the input (master) playlist, falling back to the input playlist if necessary
+    // This avoids the player having to load and parse the master playlist again before loading the regular playlist
+    let playlist_url: string;
+    if (match !== null && matchTwice === null) {
+      // Only send the regular playlist url if we match exactly once
+      playlist_url = new URL(match.groups!.streamUrl, this.url).href;
+    } else {
+      playlist_url = this.url;
     }
-    if (this._useExoPlayer && hevcRegexp!.test(masterPlaylist!)) {
+
+    // If codec is HEVC and ExoPlayer is supported, use ExoPlayer.
+    if (
+      this._useExoPlayer &&
+      match !== null &&
+      match.groups!.isHevc !== undefined
+    ) {
       this._renderHLSExoPlayer(playlist_url);
     } else if (hls.isSupported()) {
       this._renderHLSPolyfill(videoEl, hls, playlist_url);