diff --git a/lib/hls/hls_parser.js b/lib/hls/hls_parser.js
index c4a24b483d..07eb103299 100644
--- a/lib/hls/hls_parser.js
+++ b/lib/hls/hls_parser.js
@@ -776,22 +776,22 @@ shaka.hls.HlsParser = class {
     });
 
     const videoCodecs = this.guessCodecsSafe_(ContentType.VIDEO, allCodecs);
-    const hasVideoRelatedInfo = resolution || frameRate || videoCodecs;
+    const audioCodecs = this.guessCodecsSafe_(ContentType.AUDIO, allCodecs);
 
-    if (allCodecs.length == 1 && !hasVideoRelatedInfo) {
-      // There are no associated media tags, and there's only one codec, and no
-      // video related information, so it should be audio.
+    if (audioCodecs && !videoCodecs) {
+      // There are no associated media tags, and there's only audio codec,
+      // and no video codec, so it should be audio.
       type = ContentType.AUDIO;
       shaka.log.debug('Guessing audio-only.');
-    } else if (!streamInfos.length && allCodecs.length > 1) {
-      // There are multiple codecs, so assume multiplexed content.
+    } else if (!streamInfos.length && audioCodecs && videoCodecs) {
+      // There are both audio and video codecs, so assume multiplexed content.
       // Note that the default used when CODECS is missing assumes multiple
       // (and therefore multiplexed).
       // Recombine the codec strings into one so that MediaSource isn't
       // lied to later. (That would trigger an error in Chrome.)
       shaka.log.debug('Guessing multiplexed audio+video.');
       type = ContentType.VIDEO;
-      allCodecs = [allCodecs.join(',')];
+      allCodecs = [[videoCodecs, audioCodecs].join(',')];
     } else if (res.audio.length && hasSameUri) {
       shaka.log.debug('Guessing audio-only.');
       type = ContentType.AUDIO;
diff --git a/test/hls/hls_parser_unit.js b/test/hls/hls_parser_unit.js
index e5aebc95cf..8397df2171 100644
--- a/test/hls/hls_parser_unit.js
+++ b/test/hls/hls_parser_unit.js
@@ -295,6 +295,37 @@ describe('HlsParser', () => {
     await testHlsParser(master, media, manifest);
   });
 
+  it('guesses video-only variant when text codecs are present', async () => {
+    const master = [
+      // NOTE: This manifest is technically invalid. It has text codecs, but
+      // no text stream. We're tesing text stream parsing elswhere, so this
+      // only has the stream we're interested in (video) for simplicity.
+      '#EXTM3U\n',
+      '#EXT-X-STREAM-INF:BANDWIDTH=200,CODECS="avc1,stpp.ttml.im1t"\n',
+      'video',
+    ].join('');
+
+    const media = [
+      '#EXTM3U\n',
+      '#EXT-X-PLAYLIST-TYPE:VOD\n',
+      '#EXT-X-MAP:URI="init.mp4",BYTERANGE="616@0"\n',
+      '#EXTINF:5,\n',
+      '#EXT-X-BYTERANGE:121090@616\n',
+      'main.mp4',
+    ].join('');
+
+    const manifest = shaka.test.ManifestGenerator.generate((manifest) => {
+      manifest.anyTimeline();
+      manifest.addPartialVariant((variant) => {
+        variant.addPartialStream(ContentType.VIDEO, (stream) => {
+          stream.mime('video/mp4', 'avc1');
+        });
+      });
+    });
+
+    await testHlsParser(master, media, manifest);
+  });
+
   it('parses audio-only variant', async () => {
     const master = [
       '#EXTM3U\n',