diff --git a/src/run/parser/livesplit.rs b/src/run/parser/livesplit.rs
index 44d7cf3e..c6b3bbe9 100644
--- a/src/run/parser/livesplit.rs
+++ b/src/run/parser/livesplit.rs
@@ -433,7 +433,7 @@ fn parse_attempt_history(version: Version, reader: &mut Reader<'_>, run: &mut Ru
 pub fn parse(source: &str, path: Option<PathBuf>) -> Result<Run> {
     let reader = &mut Reader::new(source);
 
-    let mut image_buf = Vec::with_capacity(4096);
+    let mut image_buf = Vec::new();
 
     let mut run = Run::new();
 
diff --git a/src/settings/image/shrinking.rs b/src/settings/image/shrinking.rs
index 9efec268..1f00c909 100644
--- a/src/settings/image/shrinking.rs
+++ b/src/settings/image/shrinking.rs
@@ -1,26 +1,62 @@
 use alloc::borrow::Cow;
+use bytemuck::{Pod, Zeroable};
 use image::{
-    codecs::{bmp, farbfeld, hdr, ico, jpeg, png, pnm, tga, tiff, webp},
-    guess_format, load_from_memory_with_format, ImageDecoder, ImageEncoder, ImageError,
-    ImageFormat,
+    codecs::{farbfeld, hdr, ico, jpeg, pnm, tga, tiff, webp},
+    guess_format, load_from_memory_with_format, ImageDecoder, ImageEncoder, ImageFormat,
 };
 use std::io::Cursor;
 
-fn shrink_inner(data: &[u8], max_dim: u32) -> Result<Cow<'_, [u8]>, ImageError> {
-    let format = guess_format(data)?;
+use crate::util::byte_parsing::{big_endian::U32, strip_pod};
+
+fn shrink_inner(data: &[u8], max_dim: u32) -> Option<Cow<'_, [u8]>> {
+    let format = guess_format(data).ok()?;
 
-    let cursor = Cursor::new(data);
     let (width, height) = match format {
-        ImageFormat::Png => png::PngDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Jpeg => jpeg::JpegDecoder::new(cursor)?.dimensions(),
-        ImageFormat::WebP => webp::WebPDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Pnm => pnm::PnmDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Tiff => tiff::TiffDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Tga => tga::TgaDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Bmp => bmp::BmpDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Ico => ico::IcoDecoder::new(cursor)?.dimensions(),
-        ImageFormat::Hdr => hdr::HdrAdapter::new(cursor)?.dimensions(),
-        ImageFormat::Farbfeld => farbfeld::FarbfeldDecoder::new(cursor)?.dimensions(),
+        ImageFormat::Png => {
+            // We encounter a lot of PNG images in splits files and decoding
+            // them with image's PNG decoder seems to decode way more than
+            // necessary. We really just need to find the width and height. The
+            // specification is here:
+            // https://www.w3.org/TR/2003/REC-PNG-20031110/
+            //
+            // And it says the following:
+            //
+            // "A valid PNG datastream shall begin with a PNG signature,
+            // immediately followed by an IHDR chunk".
+            //
+            // Each chunk is encoded as a length and type and then its chunk
+            // encoding. An IHDR chunk immediately starts with the width and
+            // height. This means we can model the beginning of a PNG file as
+            // follows:
+            #[derive(Copy, Clone, Pod, Zeroable)]
+            #[repr(C)]
+            struct BeginningOfPng {
+                // 5.2 PNG signature
+                png_signature: [u8; 8],
+                // 5.3 Chunk layout
+                chunk_len: [u8; 4],
+                // 11.2.2 IHDR Image header
+                chunk_type: [u8; 4],
+                width: U32,
+                height: U32,
+            }
+
+            // This improves parsing speed of entire splits files by up to 30%.
+
+            let beginning_of_png: &BeginningOfPng = strip_pod(&mut &*data)?;
+            (beginning_of_png.width.get(), beginning_of_png.height.get())
+        }
+        ImageFormat::Jpeg => jpeg::JpegDecoder::new(data).ok()?.dimensions(),
+        ImageFormat::WebP => webp::WebPDecoder::new(data).ok()?.dimensions(),
+        ImageFormat::Pnm => pnm::PnmDecoder::new(data).ok()?.dimensions(),
+        ImageFormat::Tiff => tiff::TiffDecoder::new(Cursor::new(data)).ok()?.dimensions(),
+        ImageFormat::Tga => tga::TgaDecoder::new(Cursor::new(data)).ok()?.dimensions(),
+        // We always want to re-encode BMP images so we might as well skip the
+        // dimension checking.
+        ImageFormat::Bmp => (0, 0),
+        ImageFormat::Ico => ico::IcoDecoder::new(Cursor::new(data)).ok()?.dimensions(),
+        ImageFormat::Hdr => hdr::HdrAdapter::new(data).ok()?.dimensions(),
+        ImageFormat::Farbfeld => farbfeld::FarbfeldDecoder::new(data).ok()?.dimensions(),
         // FIXME: For GIF we would need to properly shrink the whole animation.
         // The image crate can't properly handle this at this point in time.
         // Some properties are not translated over properly it seems. We could
@@ -30,28 +66,30 @@ fn shrink_inner(data: &[u8], max_dim: u32) -> Result<Cow<'_, [u8]>, ImageError>
         // AVIF uses C bindings, so it's not portable.
         // The OpenEXR code in the image crate doesn't compile on Big Endian targets.
         // And the image format is non-exhaustive.
-        _ => return Ok(data.into()),
+        _ => return Some(data.into()),
     };
 
     let is_too_large = width > max_dim || height > max_dim;
-    if is_too_large || format == ImageFormat::Bmp {
-        let mut image = load_from_memory_with_format(data, format)?;
+    Some(if is_too_large || format == ImageFormat::Bmp {
+        let mut image = load_from_memory_with_format(data, format).ok()?;
         if is_too_large {
             image = image.thumbnail(max_dim, max_dim);
         }
         let mut data = Vec::new();
-        png::PngEncoder::new(&mut data).write_image(
-            image.as_bytes(),
-            image.width(),
-            image.height(),
-            image.color(),
-        )?;
-        Ok(data.into())
+        image::codecs::png::PngEncoder::new(&mut data)
+            .write_image(
+                image.as_bytes(),
+                image.width(),
+                image.height(),
+                image.color(),
+            )
+            .ok()?;
+        data.into()
     } else {
-        Ok(data.into())
-    }
+        data.into()
+    })
 }
 
 pub fn shrink(data: &[u8], max_dim: u32) -> Cow<'_, [u8]> {
-    shrink_inner(data, max_dim).unwrap_or_else(|_| data.into())
+    shrink_inner(data, max_dim).unwrap_or_else(|| data.into())
 }