diff --git a/static/player/loading.ts b/static/player/loading.ts
new file mode 100644
index 00000000..9786955c
--- /dev/null
+++ b/static/player/loading.ts
@@ -0,0 +1,179 @@
+import { state } from "./state";
+
+export type PlayerLoadState =
+  | "idle"
+  | "resolving_source"
+  | "loading_media"
+  | "buffering"
+  | "retrying"
+  | "ready"
+  | "unavailable";
+
+type PlayerLoadProfile = {
+  bufferingCount: number;
+  lastBufferingMs: number;
+  lastMediaMetadataMs: number;
+  lastSourceResolutionMs: number;
+  retryCount: number;
+  totalBufferingMs: number;
+  unavailableCount: number;
+};
+
+declare global {
+  interface Window {
+    __malPlayerLoadProfile?: PlayerLoadProfile;
+  }
+}
+
+let currentState: PlayerLoadState = "idle";
+let phaseStartedAt = 0;
+let retryController: AbortController | null = null;
+let retryInFlight = false;
+
+const profile = (): PlayerLoadProfile => {
+  window.__malPlayerLoadProfile ??= {
+    bufferingCount: 0,
+    lastBufferingMs: 0,
+    lastMediaMetadataMs: 0,
+    lastSourceResolutionMs: 0,
+    retryCount: 0,
+    totalBufferingMs: 0,
+    unavailableCount: 0,
+  };
+  return window.__malPlayerLoadProfile;
+};
+
+const measure = (name: string, startedAt: number, duration: number): void => {
+  try {
+    performance.measure(`mal.player.${name}`, { start: startedAt, duration });
+  } catch (error) {
+    console.debug("failed to measure player loading phase:", error);
+  }
+};
+
+const finishPhase = (): void => {
+  if (phaseStartedAt <= 0) {
+    return;
+  }
+  const duration = performance.now() - phaseStartedAt;
+  const metrics = profile();
+  if (currentState === "resolving_source") {
+    metrics.lastSourceResolutionMs = duration;
+    measure("source_resolution", phaseStartedAt, duration);
+  } else if (currentState === "loading_media") {
+    metrics.lastMediaMetadataMs = duration;
+    measure("media_metadata", phaseStartedAt, duration);
+  } else if (currentState === "buffering") {
+    metrics.lastBufferingMs = duration;
+    metrics.totalBufferingMs += duration;
+    measure("buffering", phaseStartedAt, duration);
+  }
+};
+
+const isBusy = (loadState: PlayerLoadState): boolean =>
+  loadState === "resolving_source" ||
+  loadState === "loading_media" ||
+  loadState === "buffering" ||
+  loadState === "retrying";
+
+const elements = (): {
+  back: HTMLElement | null;
+  loading: HTMLElement | null;
+  retry: HTMLButtonElement | null;
+  spinner: HTMLElement | null;
+} => ({
+  back: state.elements.container.querySelector("[data-loading-back]"),
+  loading: state.elements.container.querySelector("[data-loading]"),
+  retry: state.elements.container.querySelector("[data-loading-retry]"),
+  spinner: state.elements.container.querySelector("[data-loading-spinner]"),
+});
+
+const showRecovery = (): void => {
+  const { back, retry } = elements();
+  retry?.classList.remove("hidden");
+  back?.classList.remove("hidden");
+};
+
+export const setPlayerLoadState = (nextState: PlayerLoadState): void => {
+  if (nextState === currentState) {
+    return;
+  }
+
+  finishPhase();
+  currentState = nextState;
+  phaseStartedAt = isBusy(nextState) ? performance.now() : 0;
+
+  const { back, loading, retry, spinner } = elements();
+  state.elements.container.dataset.loadState = nextState;
+  state.elements.container.setAttribute("aria-busy", String(isBusy(nextState)));
+
+  const visible = isBusy(nextState) || nextState === "unavailable";
+  if (loading) {
+    loading.style.display = visible ? "flex" : "none";
+  }
+  spinner?.classList.toggle("hidden", nextState === "unavailable");
+  retry?.classList.add("hidden");
+  back?.classList.add("hidden");
+
+  if (nextState === "buffering") {
+    profile().bufferingCount += 1;
+  } else if (nextState === "retrying") {
+    profile().retryCount += 1;
+  } else if (nextState === "unavailable") {
+    profile().unavailableCount += 1;
+  }
+
+  if (nextState === "unavailable") {
+    showRecovery();
+    retry?.focus({ preventScroll: true });
+    return;
+  }
+  if (!isBusy(nextState)) {
+    return;
+  }
+};
+
+export const setupPlayerLoading = (retry: () => Promise<boolean>, signal: AbortSignal): void => {
+  retryController?.abort();
+  retryController = new AbortController();
+  const retryButton = elements().retry;
+  retryButton?.addEventListener(
+    "click",
+    () => {
+      if (retryInFlight) {
+        return;
+      }
+      retryInFlight = true;
+      retryButton.disabled = true;
+      setPlayerLoadState("retrying");
+      retry()
+        .then((refreshed) => {
+          if (!refreshed) {
+            setPlayerLoadState("unavailable");
+          }
+        })
+        .catch((error: unknown) => {
+          if (error instanceof DOMException && error.name === "AbortError") {
+            return;
+          }
+          console.error("failed to retry video source:", error);
+          setPlayerLoadState("unavailable");
+        })
+        .finally(() => {
+          retryInFlight = false;
+          retryButton.disabled = false;
+        });
+    },
+    { signal: retryController.signal },
+  );
+  signal.addEventListener("abort", () => retryController?.abort(), { once: true });
+};
+
+export const teardownPlayerLoading = (): void => {
+  finishPhase();
+  retryController?.abort();
+  retryController = null;
+  retryInFlight = false;
+  currentState = "idle";
+  phaseStartedAt = 0;
+};