The invention relates to the technical field of computers, in particular to a
live video processing method and device,
electronic equipment and a storage medium, and aims to improve the accuracy of
live video transcoding. The method comprises the following steps: in response to a live broadcast watching request of downlink equipment, acquiring the number of audiences and
video quality parameters of a corresponding target live broadcast room at the current moment, and a downlink
video coding format supported by the downlink equipment; determining a target
transcoding rule corresponding to the downlink device based on the audience number, the
video quality parameter and the downlink
video coding format; and according to the target
transcoding rule, transcoding an original video
stream generated in the target live broadcast room to obtain a target video
stream corresponding to the downlink device, and sending the target video
stream to the downlink device. Therefore, not only is the number of audiences considered, but also the
video quality parameter and the downlink
video coding format are considered, and the accuracy of
live video transcoding is improved, so that the target video stream can be successfully played on different downlink devices.