diff --git a/lib/internal/event_target.js b/lib/internal/event_target.js
index 9948d3f1868e32..a8c2b2d42e93d5 100644
--- a/lib/internal/event_target.js
+++ b/lib/internal/event_target.js
@@ -14,6 +14,7 @@ const {
   ReflectApply,
   SafeFinalizationRegistry,
   SafeMap,
+  SafeSet,
   SafeWeakMap,
   SafeWeakRef,
   SafeWeakSet,
@@ -491,8 +492,17 @@ class Listener {
         listener: this,
         eventType,
       }, this);
-      // Make the retainer retain the listener in a WeakMap
-      weakListeners().map.set(weak, listener);
+      // Store only a WeakRef to the retainer here. Listener instances are
+      // Strongly reachable from the EventTarget's listener list for as long
+      // as they're registered, so a plain strong reference would keep the
+      // retainer (and listener) alive forever, defeating weak retention
+      this.weakKeyRef = new SafeWeakRef(weak);
+      let retained = weakListeners().map.get(weak);
+      if (retained === undefined) {
+        retained = new SafeSet();
+        weakListeners().map.set(weak, retained);
+      }
+      retained.add(listener);
       this.listener = this.callback;
     } else if (typeof listener === 'function') {
       this.callback = listener;
@@ -545,8 +555,19 @@ class Listener {
     if (this.next !== undefined)
       this.next.previous = this.previous;
     this.removed = true;
-    if (this.weak)
+    if (this.weak) {
       weakListeners().registry.unregister(this);
+      const weakKey = this.weakKeyRef?.deref();
+      const listener = this.callback?.deref();
+      if (weakKey !== undefined && listener !== undefined) {
+        const retained = weakListeners().map.get(weakKey);
+        if (retained !== undefined) {
+          retained.delete(listener);
+          if (retained.size === 0)
+            weakListeners().map.delete(weakKey);
+        }
+      }
+    }
   }
 }
 
diff --git a/test/parallel/test-abortcontroller-internal.js b/test/parallel/test-abortcontroller-internal.js
index 63dd26c36e32a0..cd6dfb1a74d8e6 100644
--- a/test/parallel/test-abortcontroller-internal.js
+++ b/test/parallel/test-abortcontroller-internal.js
@@ -30,3 +30,22 @@ test('A weak event listener should not prevent gc', async () => {
   globalThis.gc();
   assert.strictEqual(ref.deref(), undefined);
 });
+
+test('two weak listeners with the same retainer should both run on abort', async () => {
+  // Regression test for https://github.com/nodejs/node/issues/63954
+  const ac = new AbortController();
+  let aRan = false;
+  let bRan = false;
+
+  ac.signal.addEventListener('a', () => { aRan = true; }, { [kWeakHandler]: ac });
+  ac.signal.addEventListener('b', () => { bRan = true; }, { [kWeakHandler]: ac });
+
+  await sleep(10);
+  globalThis.gc();
+
+  ac.signal.dispatchEvent(new Event('a'));
+  ac.signal.dispatchEvent(new Event('b'));
+
+  assert.strictEqual(aRan, true);
+  assert.strictEqual(bRan, true);
+});
diff --git a/test/parallel/test-eventtarget.js b/test/parallel/test-eventtarget.js
index d0b3ad03a1df6a..fbfdcf586f6ed1 100644
--- a/test/parallel/test-eventtarget.js
+++ b/test/parallel/test-eventtarget.js
@@ -685,7 +685,21 @@ let asyncTest = Promise.resolve();
     et.dispatchEvent(new Event('foo'));
   });
 }
-
+{
+  // Two listeners sharing the same retainer key must NOT evict each
+  // other from the weak retention map — both must survive a GC cycle
+  // and both must be removable independently.
+  // Regression test for https://github.com/nodejs/node/issues/63954
+  const et = new EventTarget();
+  const aCalled = common.mustNotCall();
+  const bCalled = common.mustCall();
+  et.addEventListener('a', aCalled, { [kWeakHandler]: et });
+  et.addEventListener('b', bCalled, { [kWeakHandler]: et });
+  globalThis.gc();
+  et.removeEventListener('a', aCalled);
+  et.dispatchEvent(new Event('a'));
+  et.dispatchEvent(new Event('b'));
+}
 {
   const et = new EventTarget();