diff --git a/src/core/cpu_recompiler_code_generator_aarch64.cpp b/src/core/cpu_recompiler_code_generator_aarch64.cpp
index c262e35e5..3225be0ab 100644
--- a/src/core/cpu_recompiler_code_generator_aarch64.cpp
+++ b/src/core/cpu_recompiler_code_generator_aarch64.cpp
@@ -1998,6 +1998,12 @@ CodeBlock::HostCodePointer CodeGenerator::CompileDispatcher()
   m_emit->Bind(&downcount_hit);
 
   // check events then for frame done
+  m_emit->ldr(a64::w8, a64::MemOperand(GetHostReg64(RCPUPTR), offsetof(State, pending_ticks)));
+  EmitLoadGlobalAddress(9, TimingEvents::GetHeadEventPtr());
+  m_emit->ldr(a64::x9, a64::MemOperand(a64::x9));
+  m_emit->ldr(a64::w9, a64::MemOperand(a64::x9, offsetof(TimingEvent, m_downcount)));
+  m_emit->cmp(a64::w8, a64::w9);
+  m_emit->b(&frame_done_loop, a64::lt);
   EmitFunctionCall(nullptr, &TimingEvents::RunEvents);
   m_emit->b(&frame_done_loop);
 
diff --git a/src/core/cpu_recompiler_code_generator_x64.cpp b/src/core/cpu_recompiler_code_generator_x64.cpp
index 82fc81cee..5770b4f4f 100644
--- a/src/core/cpu_recompiler_code_generator_x64.cpp
+++ b/src/core/cpu_recompiler_code_generator_x64.cpp
@@ -2620,6 +2620,11 @@ CodeBlock::HostCodePointer CodeGenerator::CompileDispatcher()
   m_emit->L(downcount_hit);
 
   // check events then for frame done
+  EmitLoadGlobalAddress(Xbyak::Operand::RAX, TimingEvents::GetHeadEventPtr());
+  m_emit->mov(m_emit->rax, m_emit->qword[m_emit->rax]);
+  m_emit->mov(m_emit->eax, m_emit->dword[m_emit->rax + offsetof(TimingEvent, m_downcount)]);
+  m_emit->cmp(m_emit->eax, m_emit->dword[m_emit->rbp + offsetof(State, pending_ticks)]);
+  m_emit->jg(frame_done_loop);
   EmitFunctionCall(nullptr, &TimingEvents::RunEvents);
   m_emit->jmp(frame_done_loop);
 
diff --git a/src/core/timing_event.cpp b/src/core/timing_event.cpp
index 4d1595f85..e09108be1 100644
--- a/src/core/timing_event.cpp
+++ b/src/core/timing_event.cpp
@@ -13,7 +13,6 @@ static TimingEvent* s_active_events_tail;
 static TimingEvent* s_current_event = nullptr;
 static u32 s_active_event_count = 0;
 static u32 s_global_tick_counter = 0;
-static u32 s_last_event_run_time = 0;
 
 u32 GetGlobalTickCounter()
 {
@@ -28,7 +27,6 @@ void Initialize()
 void Reset()
 {
   s_global_tick_counter = 0;
-  s_last_event_run_time = 0;
 }
 
 void Shutdown()
@@ -260,7 +258,7 @@ void RunEvents()
 {
   DebugAssert(!s_current_event);
 
-  TickCount pending_ticks = (s_global_tick_counter + CPU::GetPendingTicks()) - s_last_event_run_time;
+  TickCount pending_ticks = CPU::GetPendingTicks();
   CPU::ResetPendingTicks();
   while (pending_ticks > 0)
   {
@@ -296,7 +294,6 @@ void RunEvents()
     }
   }
 
-  s_last_event_run_time = s_global_tick_counter;
   s_current_event = nullptr;
   UpdateCPUDowncount();
 }
@@ -338,8 +335,6 @@ bool DoState(StateWrapper& sw)
       event->m_interval = interval;
     }
 
-    sw.Do(&s_last_event_run_time);
-
     Log_DevPrintf("Loaded %u events from save state.", event_count);
     SortEvents();
   }
@@ -357,8 +352,6 @@ bool DoState(StateWrapper& sw)
       sw.Do(&event->m_interval);
     }
 
-    sw.Do(&s_last_event_run_time);
-
     Log_DevPrintf("Wrote %u events to save state.", s_active_event_count);
   }