diff --git a/gst-libs/gst/codecparsers/gstmpegvideoparser.c b/gst-libs/gst/codecparsers/gstmpegvideoparser.c
index 6384105e6f..debafa0942 100644
--- a/gst-libs/gst/codecparsers/gstmpegvideoparser.c
+++ b/gst-libs/gst/codecparsers/gstmpegvideoparser.c
@@ -408,7 +408,8 @@ gst_mpeg_video_packet_parse_sequence_extension (const GstMpegVideoPacket *
   }
 
   /* skip profile and level escape bit */
-  gst_bit_reader_skip_unchecked (&br, 1);
+  seqext->profile_level_escape_bit =
+      gst_bit_reader_get_bits_uint8_unchecked (&br, 1);
 
   seqext->profile = gst_bit_reader_get_bits_uint8_unchecked (&br, 3);
   seqext->level = gst_bit_reader_get_bits_uint8_unchecked (&br, 4);
diff --git a/gst-libs/gst/codecparsers/gstmpegvideoparser.h b/gst-libs/gst/codecparsers/gstmpegvideoparser.h
index 35f7c6fc23..1298ed78f4 100644
--- a/gst-libs/gst/codecparsers/gstmpegvideoparser.h
+++ b/gst-libs/gst/codecparsers/gstmpegvideoparser.h
@@ -249,6 +249,8 @@ struct _GstMpegVideoSequenceHdr
  * otherwise
  * @fps_n_ext: Framerate nominator code
  * @fps_d_ext: Framerate denominator code
+ * @profile_level_escape_bit: Escape bit. If set, the meaning of the
+ *    @profile and @level fields is different.
  *
  * The Mpeg2 Video Sequence Extension structure.
  **/
@@ -269,6 +271,8 @@ struct _GstMpegVideoSequenceExt
   guint8 low_delay;
   guint8 fps_n_ext, fps_d_ext;
 
+  /* Additional information */
+  guint8 profile_level_escape_bit;
 };
 
 /**
diff --git a/gst/videoparsers/gstmpegvideoparse.c b/gst/videoparsers/gstmpegvideoparse.c
index 5fa7165bf4..bf71a3e7cf 100644
--- a/gst/videoparsers/gstmpegvideoparse.c
+++ b/gst/videoparsers/gstmpegvideoparse.c
@@ -815,6 +815,7 @@ gst_mpegv_parse_update_src_caps (GstMpegvParse * mpvparse)
   }
 
   if (mpvparse->config_flags & FLAG_SEQUENCE_EXT) {
+    guint8 escape = mpvparse->sequenceext.profile_level_escape_bit;
     const guint profile_c = mpvparse->sequenceext.profile;
     const guint level_c = mpvparse->sequenceext.level;
     const gchar *profile = NULL, *level = NULL;
@@ -824,20 +825,14 @@ gst_mpegv_parse_update_src_caps (GstMpegvParse * mpvparse)
      * 4:2:2 and Multi-view have profile = 0, with the escape bit set to 1
      */
     const gchar *const profiles[] =
-        { "high", "spatial", "snr", "main", "simple" };
+        { "4:2:2", "high", "spatial", "snr", "main", "simple" };
     /*
      * Level indication - 4 => High, 6 => High-1440, 8 => Main, 10 => Low,
      *                    except in the case of profile = 0
      */
     const gchar *const levels[] = { "high", "high-1440", "main", "low" };
 
-    if (profile_c > 0 && profile_c < 6)
-      profile = profiles[profile_c - 1];
-
-    if ((level_c > 3) && (level_c < 11) && (level_c % 2 == 0))
-      level = levels[(level_c >> 1) - 2];
-
-    if (profile_c == 8) {
+    if (escape) {
       /* Non-hierarchical profile */
       switch (level_c) {
         case 2:
@@ -863,9 +858,14 @@ gst_mpegv_parse_update_src_caps (GstMpegvParse * mpvparse)
         default:
           break;
       }
-    }
 
-    /* FIXME does it make sense to expose profile/level in the caps ? */
+    } else {
+      if (profile_c < 6)
+        profile = profiles[profile_c];
+
+      if ((level_c > 3) && (level_c < 11) && (level_c % 2 == 0))
+        level = levels[(level_c >> 1) - 2];
+    }
 
     GST_DEBUG_OBJECT (mpvparse, "profile:'%s' level:'%s'", profile, level);