diff --git a/libraries/exoplayer_dash/src/main/java/androidx/media3/exoplayer/dash/manifest/UrlTemplate.java b/libraries/exoplayer_dash/src/main/java/androidx/media3/exoplayer/dash/manifest/UrlTemplate.java
index 58cd3e594c..2a7af9e418 100644
--- a/libraries/exoplayer_dash/src/main/java/androidx/media3/exoplayer/dash/manifest/UrlTemplate.java
+++ b/libraries/exoplayer_dash/src/main/java/androidx/media3/exoplayer/dash/manifest/UrlTemplate.java
@@ -17,6 +17,8 @@ package androidx.media3.exoplayer.dash.manifest;
 
 import androidx.media3.common.util.UnstableApi;
 import java.util.Locale;
+import java.util.regex.Matcher;
+import java.util.regex.Pattern;
 
 /**
  * A template from which URLs can be built.
@@ -56,7 +58,10 @@ public final class UrlTemplate {
     int identifiersCount = 0;
     String[] identifiersNames = { REPRESENTATION, NUMBER, BANDWIDTH, TIME };
     for(String identifierName : identifiersNames){
-      identifiersCount += template.split("\\$" + identifierName + "\\$").length - 1;
+      Pattern pattern = Pattern.compile("(\\$" + identifierName + "\\$|" + ESCAPED_DOLLAR + "\\$" + identifierName + "\\$" + ESCAPED_DOLLAR +")");
+      Matcher matcher = pattern.matcher(template);
+      while(matcher.find())
+        identifiersCount++;
     }
     String[] urlPieces = new String[identifiersCount+1];
     int[] identifiers = new int[identifiersCount];
diff --git a/libraries/exoplayer_dash/src/test/java/androidx/media3/exoplayer/dash/manifest/UrlTemplateTest.java b/libraries/exoplayer_dash/src/test/java/androidx/media3/exoplayer/dash/manifest/UrlTemplateTest.java
index 362a2c8f82..0b363a5cbc 100644
--- a/libraries/exoplayer_dash/src/test/java/androidx/media3/exoplayer/dash/manifest/UrlTemplateTest.java
+++ b/libraries/exoplayer_dash/src/test/java/androidx/media3/exoplayer/dash/manifest/UrlTemplateTest.java
@@ -70,4 +70,20 @@ public class UrlTemplateTest {
       // Expected.
     }
   }
+
+  @Test
+  public void fullWithMultipleOccurrences(){
+    String template = "$Bandwidth$_a1_$RepresentationID$_b1_$Time$_c1_$Number$_$Bandwidth$_a2_$RepresentationID$_b2_$Time$_c2_$Number$";
+    UrlTemplate urlTemplate = UrlTemplate.compile(template);
+    String url = urlTemplate.buildUri("abc1", 10, 650000, 5000);
+    assertThat(url).isEqualTo("650000_a1_abc1_b1_5000_c1_10_650000_a2_abc1_b2_5000_c2_10");
+  }
+
+  @Test
+  public void fullWithMultipleOccurrencesAndDollarEscaping(){
+    String template = "$$$Bandwidth$$$_a1$$_$RepresentationID$_b1_$Time$_c1_$Number$$$_$$$Bandwidth$$$_a2$$_$RepresentationID$_b2_$Time$_c2_$Number$$$";
+    UrlTemplate urlTemplate = UrlTemplate.compile(template);
+    String url = urlTemplate.buildUri("abc1", 10, 650000, 5000);
+    assertThat(url).isEqualTo("$650000$_a1$_abc1_b1_5000_c1_10$_$650000$_a2$_abc1_b2_5000_c2_10$");
+  }
 }