Adaptive video transcoding based on parallel chunked log analysis is described. The adaptive video transcoding method comprises receiving an intermediate video stream generated from an intermediate transcoding. The method also receives an intermediate transcoding log stream associated with the intermediate video stream. The method partitions the intermediate video stream into a plurality of video chunks, where each video chunk corresponding to a portion of video data of the video stream. The method further generates video chunk statistics for each of the video chunks using the intermediate transcoding log stream and transcoding parameters for each of the video chunks based on the generated video chunk statistics. The method transcodes each of the video chunks to a target format in parallel based on the generated transcoding parameters. The method assembles the transcoded video chunks into a target video stream in the target format.