An embodiment of the present invention discloses a system and method for decoding multiple independent encoded audio streams using a single decoder. The system includes one or more parsers, a preprocessor, an audio decoder, and a renderer. The parser extracts individual audio frames from each input audio stream. The preprocessor combines the outputs of all parsers into a single audio frame stream and enables sharing of the audio decoder among multiple independent encoded audio streams. The audio decoder decodes the single audio frame stream and provides a single decoded audio stream. And the renderer renders the individual reconstructed audio streams from the single decoded audio stream.