diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
index b13f3f89b624..2b7d63660633 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
@@ -1,12 +1,7 @@
-/** @import { ArrowFunctionExpression, Expression, FunctionDeclaration, FunctionExpression } from 'estree' */
-/** @import { AST, DelegatedEvent } from '#compiler' */
+/** @import { AST } from '#compiler' */
 /** @import { Context } from '../types' */
-import { cannot_be_set_statically, is_capture_event, is_delegated } from '../../../../utils.js';
-import {
-	get_attribute_chunks,
-	get_attribute_expression,
-	is_event_attribute
-} from '../../../utils/ast.js';
+import { cannot_be_set_statically, can_delegate_event } from '../../../../utils.js';
+import { get_attribute_chunks, is_event_attribute } from '../../../utils/ast.js';
 import { mark_subtree_dynamic } from './shared/fragment.js';
 
 /**
@@ -64,181 +59,8 @@ export function Attribute(node, context) {
 				context.state.analysis.uses_event_attributes = true;
 			}
 
-			const expression = get_attribute_expression(node);
-			const delegated_event = get_delegated_event(node.name.slice(2), expression, context);
-
-			if (delegated_event !== null) {
-				if (delegated_event.hoisted) {
-					delegated_event.function.metadata.hoisted = true;
-				}
-
-				node.metadata.delegated = delegated_event;
-			}
-		}
-	}
-}
-
-/** @type {DelegatedEvent} */
-const unhoisted = { hoisted: false };
-
-/**
- * Checks if given event attribute can be delegated/hoisted and returns the corresponding info if so
- * @param {string} event_name
- * @param {Expression | null} handler
- * @param {Context} context
- * @returns {null | DelegatedEvent}
- */
-function get_delegated_event(event_name, handler, context) {
-	// Handle delegated event handlers. Bail out if not a delegated event.
-	if (!handler || !is_delegated(event_name)) {
-		return null;
-	}
-
-	// If we are not working with a RegularElement, then bail out.
-	const element = context.path.at(-1);
-	if (element?.type !== 'RegularElement') {
-		return null;
-	}
-
-	/** @type {FunctionExpression | FunctionDeclaration | ArrowFunctionExpression | null} */
-	let target_function = null;
-	let binding = null;
-
-	if (element.metadata.has_spread) {
-		// event attribute becomes part of the dynamic spread array
-		return unhoisted;
-	}
-
-	if (handler.type === 'ArrowFunctionExpression' || handler.type === 'FunctionExpression') {
-		target_function = handler;
-	} else if (handler.type === 'Identifier') {
-		binding = context.state.scope.get(handler.name);
-
-		if (context.state.analysis.module.scope.references.has(handler.name)) {
-			// If a binding with the same name is referenced in the module scope (even if not declared there), bail out
-			return unhoisted;
-		}
-
-		if (binding != null) {
-			for (const { path } of binding.references) {
-				const parent = path.at(-1);
-				if (parent === undefined) return unhoisted;
-
-				const grandparent = path.at(-2);
-
-				/** @type {AST.RegularElement | null} */
-				let element = null;
-				/** @type {string | null} */
-				let event_name = null;
-				if (parent.type === 'OnDirective') {
-					element = /** @type {AST.RegularElement} */ (grandparent);
-					event_name = parent.name;
-				} else if (
-					parent.type === 'ExpressionTag' &&
-					grandparent?.type === 'Attribute' &&
-					is_event_attribute(grandparent)
-				) {
-					element = /** @type {AST.RegularElement} */ (path.at(-3));
-					const attribute = /** @type {AST.Attribute} */ (grandparent);
-					event_name = get_attribute_event_name(attribute.name);
-				}
-
-				if (element && event_name) {
-					if (
-						element.type !== 'RegularElement' ||
-						element.metadata.has_spread ||
-						!is_delegated(event_name)
-					) {
-						return unhoisted;
-					}
-				} else if (parent.type !== 'FunctionDeclaration' && parent.type !== 'VariableDeclarator') {
-					return unhoisted;
-				}
-			}
+			node.metadata.delegated =
+				parent?.type === 'RegularElement' && can_delegate_event(node.name.slice(2));
 		}
-
-		// If the binding is exported, bail out
-		if (context.state.analysis.exports.find((node) => node.name === handler.name)) {
-			return unhoisted;
-		}
-
-		if (binding?.is_function()) {
-			target_function = binding.initial;
-		}
-	}
-
-	// If we can't find a function, or the function has multiple parameters, bail out
-	if (target_function == null || target_function.params.length > 1) {
-		return unhoisted;
-	}
-
-	const visited_references = new Set();
-	const scope = target_function.metadata.scope;
-	for (const [reference] of scope.references) {
-		// Bail out if the arguments keyword is used or $host is referenced
-		if (reference === 'arguments' || reference === '$host') return unhoisted;
-		// Bail out if references a store subscription
-		if (scope.get(`$${reference}`)?.kind === 'store_sub') return unhoisted;
-
-		const binding = scope.get(reference);
-		const local_binding = context.state.scope.get(reference);
-
-		// if the function access a snippet that can't be hoisted we bail out
-		if (
-			local_binding !== null &&
-			local_binding.initial?.type === 'SnippetBlock' &&
-			!local_binding.initial.metadata.can_hoist
-		) {
-			return unhoisted;
-		}
-
-		// If we are referencing a binding that is shadowed in another scope then bail out (unless it's declared within the function).
-		if (
-			local_binding !== null &&
-			binding !== null &&
-			local_binding.node !== binding.node &&
-			scope.declarations.get(reference) !== binding
-		) {
-			return unhoisted;
-		}
-
-		// If we have multiple references to the same store using $ prefix, bail out.
-		if (
-			binding !== null &&
-			binding.kind === 'store_sub' &&
-			visited_references.has(reference.slice(1))
-		) {
-			return unhoisted;
-		}
-
-		// If we reference the index within an each block, then bail out.
-		if (binding !== null && binding.initial?.type === 'EachBlock') return unhoisted;
-
-		if (
-			binding !== null &&
-			// Bail out if the binding is a rest param
-			(binding.declaration_kind === 'rest_param' ||
-				// Bail out if we reference anything from the EachBlock (for now) that mutates in non-runes mode,
-				(((!context.state.analysis.runes && binding.kind === 'each') ||
-					// or any normal not reactive bindings that are mutated.
-					binding.kind === 'normal') &&
-					binding.updated))
-		) {
-			return unhoisted;
-		}
-		visited_references.add(reference);
-	}
-
-	return { hoisted: true, function: target_function };
-}
-
-/**
- * @param {string} event_name
- */
-function get_attribute_event_name(event_name) {
-	event_name = event_name.slice(2);
-	if (is_capture_event(event_name)) {
-		event_name = event_name.slice(0, -7);
 	}
-	return event_name;
 }
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
index 177616785026..4d93cd44e0d2 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/shared/function.js
@@ -6,13 +6,6 @@
  * @param {Context} context
  */
 export function visit_function(node, context) {
-	// TODO retire this in favour of a more general solution based on bindings
-	node.metadata = {
-		hoisted: false,
-		hoisted_params: [],
-		scope: context.state.scope
-	};
-
 	if (context.state.expression) {
 		for (const [name] of context.state.scope.references) {
 			const binding = context.state.scope.get(name);
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/utils.js b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
index 41ed277898b8..f21fb43fc129 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/utils.js
@@ -1,6 +1,6 @@
-/** @import { ArrowFunctionExpression, AssignmentExpression, BlockStatement, Expression, FunctionDeclaration, FunctionExpression, Identifier, Node, Pattern, UpdateExpression } from 'estree' */
+/** @import { BlockStatement, Expression, Identifier } from 'estree' */
 /** @import { Binding } from '#compiler' */
-/** @import { ClientTransformState, ComponentClientTransformState, ComponentContext } from './types.js' */
+/** @import { ClientTransformState, ComponentClientTransformState } from './types.js' */
 /** @import { Analysis } from '../../types.js' */
 /** @import { Scope } from '../../scope.js' */
 import * as b from '#compiler/builders';
@@ -12,9 +12,6 @@ import {
 	PROPS_IS_UPDATED,
 	PROPS_IS_BINDABLE
 } from '../../../../constants.js';
-import { dev } from '../../../state.js';
-import { walk } from 'zimmerframe';
-import { validate_mutation } from './visitors/shared/utils.js';
 
 /**
  * @param {Binding} binding
@@ -46,125 +43,6 @@ export function build_getter(node, state) {
 	return node;
 }
 
-/**
- * @param {FunctionDeclaration | FunctionExpression | ArrowFunctionExpression} node
- * @param {ComponentContext} context
- * @returns {Pattern[]}
- */
-function get_hoisted_params(node, context) {
-	const scope = context.state.scope;
-
-	/** @type {Identifier[]} */
-	const params = [];
-
-	/**
-	 * We only want to push if it's not already present to avoid name clashing
-	 * @param {Identifier} id
-	 */
-	function push_unique(id) {
-		if (!params.find((param) => param.name === id.name)) {
-			params.push(id);
-		}
-	}
-
-	for (const [reference] of scope.references) {
-		let binding = scope.get(reference);
-
-		if (binding !== null && !scope.declarations.has(reference) && binding.initial !== node) {
-			if (binding.kind === 'store_sub') {
-				// We need both the subscription for getting the value and the store for updating
-				push_unique(b.id(binding.node.name));
-				binding = /** @type {Binding} */ (scope.get(binding.node.name.slice(1)));
-			}
-
-			let expression = context.state.transform[reference]?.read(b.id(binding.node.name));
-
-			if (
-				// If it's a destructured derived binding, then we can extract the derived signal reference and use that.
-				// TODO this code is bad, we need to kill it
-				expression != null &&
-				typeof expression !== 'function' &&
-				expression.type === 'MemberExpression' &&
-				expression.object.type === 'CallExpression' &&
-				expression.object.callee.type === 'Identifier' &&
-				expression.object.callee.name === '$.get' &&
-				expression.object.arguments[0].type === 'Identifier'
-			) {
-				push_unique(b.id(expression.object.arguments[0].name));
-			} else if (
-				// If we are referencing a simple $$props value, then we need to reference the object property instead
-				(binding.kind === 'prop' || binding.kind === 'bindable_prop') &&
-				!is_prop_source(binding, context.state)
-			) {
-				push_unique(b.id('$$props'));
-			} else if (
-				// imports don't need to be hoisted
-				binding.declaration_kind !== 'import'
-			) {
-				// create a copy to remove start/end tags which would mess up source maps
-				push_unique(b.id(binding.node.name));
-				// rest props are often accessed through the $$props object for optimization reasons,
-				// but we can't know if the delegated event handler will use it, so we need to add both as params
-				if (binding.kind === 'rest_prop' && context.state.analysis.runes) {
-					push_unique(b.id('$$props'));
-				}
-			}
-		}
-	}
-
-	if (dev) {
-		// this is a little hacky, but necessary for ownership validation
-		// to work inside hoisted event handlers
-
-		/**
-		 * @param {AssignmentExpression | UpdateExpression} node
-		 * @param {{ next: () => void, stop: () => void }} context
-		 */
-		function visit(node, { next, stop }) {
-			if (validate_mutation(node, /** @type {any} */ (context), node) !== node) {
-				params.push(b.id('$$ownership_validator'));
-				stop();
-			} else {
-				next();
-			}
-		}
-
-		walk(/** @type {Node} */ (node), null, {
-			AssignmentExpression: visit,
-			UpdateExpression: visit
-		});
-	}
-
-	return params;
-}
-
-/**
- * @param {FunctionDeclaration | FunctionExpression | ArrowFunctionExpression} node
- * @param {ComponentContext} context
- * @returns {Pattern[]}
- */
-export function build_hoisted_params(node, context) {
-	const hoisted_params = get_hoisted_params(node, context);
-	node.metadata.hoisted_params = hoisted_params;
-
-	/** @type {Pattern[]} */
-	const params = [];
-
-	if (node.params.length === 0) {
-		if (hoisted_params.length > 0) {
-			// For the event object
-			params.push(b.id(context.state.scope.generate('_')));
-		}
-	} else {
-		for (const param of node.params) {
-			params.push(/** @type {Pattern} */ (context.visit(param)));
-		}
-	}
-
-	params.push(...hoisted_params);
-	return params;
-}
-
 /**
  * @param {Binding} binding
  * @param {ComponentClientTransformState} state
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
index cd299a710bea..17327c21d652 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/FunctionDeclaration.js
@@ -1,7 +1,5 @@
 /** @import { FunctionDeclaration } from 'estree' */
 /** @import { ComponentContext } from '../types' */
-import { build_hoisted_params } from '../utils.js';
-import * as b from '#compiler/builders';
 
 /**
  * @param {FunctionDeclaration} node
@@ -10,14 +8,5 @@ import * as b from '#compiler/builders';
 export function FunctionDeclaration(node, context) {
 	const state = { ...context.state, in_constructor: false, in_derived: false };
 
-	if (node.metadata?.hoisted === true) {
-		const params = build_hoisted_params(node, context);
-		const body = context.visit(node.body, state);
-
-		context.state.hoisted.push(/** @type {FunctionDeclaration} */ ({ ...node, params, body }));
-
-		return b.empty;
-	}
-
 	context.next(state);
 }
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
index 2fc3a8ed80e2..0f87baa43324 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/VariableDeclaration.js
@@ -7,7 +7,6 @@ import * as b from '#compiler/builders';
 import * as assert from '../../../../utils/assert.js';
 import { get_rune } from '../../../scope.js';
 import { get_prop_source, is_prop_source, is_state_source, should_proxy } from '../utils.js';
-import { is_hoisted_function } from '../../utils.js';
 import { get_value } from './shared/declarations.js';
 
 /**
@@ -32,13 +31,6 @@ export function VariableDeclaration(node, context) {
 				rune === '$state.snapshot' ||
 				rune === '$host'
 			) {
-				if (init != null && is_hoisted_function(init)) {
-					context.state.hoisted.push(
-						b.const(declarator.id, /** @type {Expression} */ (context.visit(init)))
-					);
-
-					continue;
-				}
 				declarations.push(/** @type {VariableDeclarator} */ (context.visit(declarator)));
 				continue;
 			}
@@ -295,16 +287,6 @@ export function VariableDeclaration(node, context) {
 			const has_props = bindings.some((binding) => binding.kind === 'bindable_prop');
 
 			if (!has_state && !has_props) {
-				const init = declarator.init;
-
-				if (init != null && is_hoisted_function(init)) {
-					context.state.hoisted.push(
-						b.const(declarator.id, /** @type {Expression} */ (context.visit(init)))
-					);
-
-					continue;
-				}
-
 				declarations.push(/** @type {VariableDeclarator} */ (context.visit(declarator)));
 				continue;
 			}
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js
index d252bd5474dc..d4d672196066 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/events.js
@@ -26,40 +26,12 @@ export function visit_event_attribute(node, context) {
 	let handler = build_event_handler(tag.expression, tag.metadata.expression, context);
 
 	if (node.metadata.delegated) {
-		let delegated_assignment;
-
 		if (!context.state.events.has(event_name)) {
 			context.state.events.add(event_name);
 		}
 
-		// Hoist function if we can, otherwise we leave the function as is
-		if (node.metadata.delegated.hoisted) {
-			if (node.metadata.delegated.function === tag.expression) {
-				const func_name = context.state.scope.root.unique('on_' + event_name);
-				context.state.hoisted.push(b.var(func_name, handler));
-				handler = func_name;
-			}
-
-			const hoisted_params = /** @type {Expression[]} */ (
-				node.metadata.delegated.function.metadata.hoisted_params
-			);
-
-			// When we hoist a function we assign an array with the function and all
-			// hoisted closure params.
-			if (hoisted_params) {
-				const args = [handler, ...hoisted_params];
-				delegated_assignment = b.array(args);
-			} else {
-				delegated_assignment = handler;
-			}
-		} else {
-			delegated_assignment = handler;
-		}
-
 		context.state.init.push(
-			b.stmt(
-				b.assignment('=', b.member(context.state.node, '__' + event_name), delegated_assignment)
-			)
+			b.stmt(b.assignment('=', b.member(context.state.node, '__' + event_name), handler))
 		);
 	} else {
 		const statement = b.stmt(
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
index 691ac0b01e8a..3677b308146e 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/shared/function.js
@@ -1,14 +1,11 @@
 /** @import { ArrowFunctionExpression, FunctionExpression, Node } from 'estree' */
 /** @import { ComponentContext } from '../../types' */
-import { build_hoisted_params } from '../../utils.js';
 
 /**
  * @param {ArrowFunctionExpression | FunctionExpression} node
  * @param {ComponentContext} context
  */
 export const visit_function = (node, context) => {
-	const metadata = node.metadata;
-
 	let state = { ...context.state, in_constructor: false, in_derived: false };
 
 	if (node.type === 'FunctionExpression') {
@@ -16,15 +13,5 @@ export const visit_function = (node, context) => {
 		state.in_constructor = parent.type === 'MethodDefinition' && parent.kind === 'constructor';
 	}
 
-	if (metadata?.hoisted === true) {
-		const params = build_hoisted_params(node, context);
-
-		return /** @type {FunctionExpression} */ ({
-			...node,
-			params,
-			body: context.visit(node.body, state)
-		});
-	}
-
 	context.next(state);
 };
diff --git a/packages/svelte/src/compiler/phases/3-transform/utils.js b/packages/svelte/src/compiler/phases/3-transform/utils.js
index dfc2ab1de140..f61b59f3bd26 100644
--- a/packages/svelte/src/compiler/phases/3-transform/utils.js
+++ b/packages/svelte/src/compiler/phases/3-transform/utils.js
@@ -1,36 +1,17 @@
-/** @import { Context } from 'zimmerframe' */
 /** @import { TransformState } from './types.js' */
 /** @import { AST, Binding, Namespace, ValidatedCompileOptions } from '#compiler' */
 /** @import { Node, Expression, CallExpression, MemberExpression } from 'estree' */
 import {
 	regex_ends_with_whitespaces,
 	regex_not_whitespace,
-	regex_starts_with_newline,
 	regex_starts_with_whitespaces
 } from '../patterns.js';
-import * as b from '#compiler/builders';
 import * as e from '../../errors.js';
 import { walk } from 'zimmerframe';
 import { extract_identifiers } from '../../utils/ast.js';
 import check_graph_for_cycles from '../2-analyze/utils/check_graph_for_cycles.js';
 import is_reference from 'is-reference';
 import { set_scope } from '../scope.js';
-import { dev } from '../../state.js';
-
-/**
- * @param {Node} node
- * @returns {boolean}
- */
-export function is_hoisted_function(node) {
-	if (
-		node.type === 'ArrowFunctionExpression' ||
-		node.type === 'FunctionExpression' ||
-		node.type === 'FunctionDeclaration'
-	) {
-		return node.metadata?.hoisted === true;
-	}
-	return false;
-}
 
 /**
  * Match Svelte 4 behaviour by sorting ConstTag nodes in topological order
diff --git a/packages/svelte/src/compiler/phases/nodes.js b/packages/svelte/src/compiler/phases/nodes.js
index f4127db359fd..13188681d219 100644
--- a/packages/svelte/src/compiler/phases/nodes.js
+++ b/packages/svelte/src/compiler/phases/nodes.js
@@ -59,7 +59,7 @@ export function create_attribute(name, start, end, value) {
 		name,
 		value,
 		metadata: {
-			delegated: null,
+			delegated: false,
 			needs_clsx: false
 		}
 	};
diff --git a/packages/svelte/src/compiler/phases/types.d.ts b/packages/svelte/src/compiler/phases/types.d.ts
index 4e287fd199c7..074012e03f0a 100644
--- a/packages/svelte/src/compiler/phases/types.d.ts
+++ b/packages/svelte/src/compiler/phases/types.d.ts
@@ -109,29 +109,3 @@ export interface ComponentAnalysis extends Analysis {
 	 */
 	snippets: Set<AST.SnippetBlock>;
 }
-
-declare module 'estree' {
-	interface ArrowFunctionExpression {
-		metadata: {
-			hoisted: boolean;
-			hoisted_params: Pattern[];
-			scope: Scope;
-		};
-	}
-
-	interface FunctionExpression {
-		metadata: {
-			hoisted: boolean;
-			hoisted_params: Pattern[];
-			scope: Scope;
-		};
-	}
-
-	interface FunctionDeclaration {
-		metadata: {
-			hoisted: boolean;
-			hoisted_params: Pattern[];
-			scope: Scope;
-		};
-	}
-}
diff --git a/packages/svelte/src/compiler/types/template.d.ts b/packages/svelte/src/compiler/types/template.d.ts
index 42048c3525f2..f38706d0750a 100644
--- a/packages/svelte/src/compiler/types/template.d.ts
+++ b/packages/svelte/src/compiler/types/template.d.ts
@@ -5,8 +5,6 @@ import type {
 	VariableDeclaration,
 	VariableDeclarator,
 	Expression,
-	FunctionDeclaration,
-	FunctionExpression,
 	Identifier,
 	MemberExpression,
 	Node,
@@ -27,13 +25,6 @@ import type { _CSS } from './css';
  */
 export type Namespace = 'html' | 'svg' | 'mathml';
 
-export type DelegatedEvent =
-	| {
-			hoisted: true;
-			function: ArrowFunctionExpression | FunctionExpression | FunctionDeclaration;
-	  }
-	| { hoisted: false };
-
 export namespace AST {
 	export interface BaseNode {
 		type: string;
@@ -531,7 +522,7 @@ export namespace AST {
 		/** @internal */
 		metadata: {
 			/** May be set if this is an event attribute */
-			delegated: null | DelegatedEvent;
+			delegated: boolean;
 			/** May be `true` if this is a `class` attribute that needs `clsx` */
 			needs_clsx: boolean;
 		};
diff --git a/packages/svelte/src/compiler/utils/builders.js b/packages/svelte/src/compiler/utils/builders.js
index f21b0dc8b43f..1a2d5cab5c71 100644
--- a/packages/svelte/src/compiler/utils/builders.js
+++ b/packages/svelte/src/compiler/utils/builders.js
@@ -42,8 +42,7 @@ export function arrow(params, body, async = false) {
 		body,
 		expression: body.type !== 'BlockStatement',
 		generator: false,
-		async,
-		metadata: /** @type {any} */ (null) // should not be used by codegen
+		async
 	};
 }
 
@@ -237,8 +236,7 @@ export function function_declaration(id, params, body, async = false) {
 		params,
 		body,
 		generator: false,
-		async,
-		metadata: /** @type {any} */ (null) // should not be used by codegen
+		async
 	};
 }
 
@@ -595,8 +593,7 @@ function function_builder(id, params, body, async = false) {
 		params,
 		body,
 		generator: false,
-		async,
-		metadata: /** @type {any} */ (null) // should not be used by codegen
+		async
 	};
 }
 
diff --git a/packages/svelte/src/internal/client/dom/elements/attributes.js b/packages/svelte/src/internal/client/dom/elements/attributes.js
index a5f63359c975..55d5d7860a79 100644
--- a/packages/svelte/src/internal/client/dom/elements/attributes.js
+++ b/packages/svelte/src/internal/client/dom/elements/attributes.js
@@ -7,7 +7,7 @@ import { add_form_reset_listener, autofocus } from './misc.js';
 import * as w from '../../warnings.js';
 import { LOADING_ATTR_SYMBOL } from '#client/constants';
 import { queue_micro_task } from '../task.js';
-import { is_capture_event, is_delegated, normalize_attribute } from '../../../../utils.js';
+import { is_capture_event, can_delegate_event, normalize_attribute } from '../../../../utils.js';
 import {
 	active_effect,
 	active_reaction,
@@ -378,7 +378,7 @@ function set_attributes(
 			const opts = {};
 			const event_handle_key = '$$' + key;
 			let event_name = key.slice(2);
-			var delegated = is_delegated(event_name);
+			var delegated = can_delegate_event(event_name);
 
 			if (is_capture_event(event_name)) {
 				event_name = event_name.slice(0, -7);
diff --git a/packages/svelte/src/internal/client/dom/elements/events.js b/packages/svelte/src/internal/client/dom/elements/events.js
index 15544d74264f..4c64c8364a89 100644
--- a/packages/svelte/src/internal/client/dom/elements/events.js
+++ b/packages/svelte/src/internal/client/dom/elements/events.js
@@ -1,5 +1,5 @@
 import { teardown } from '../../reactivity/effects.js';
-import { define_property, is_array } from '../../../shared/utils.js';
+import { define_property } from '../../../shared/utils.js';
 import { hydrating } from '../hydration.js';
 import { queue_micro_task } from '../task.js';
 import { FILENAME } from '../../../../constants.js';
@@ -258,12 +258,7 @@ export function handle_event_propagation(event) {
 						// -> the target could not have been disabled because it emits the event in the first place
 						event.target === current_target)
 				) {
-					if (is_array(delegated)) {
-						var [fn, ...data] = delegated;
-						fn.apply(current_target, [event, ...data]);
-					} else {
-						delegated.call(current_target, event);
-					}
+					delegated.call(current_target, event);
 				}
 			} catch (error) {
 				if (throw_error) {
diff --git a/packages/svelte/src/utils.js b/packages/svelte/src/utils.js
index a54a421418a3..d63d4ff80127 100644
--- a/packages/svelte/src/utils.js
+++ b/packages/svelte/src/utils.js
@@ -137,7 +137,7 @@ const DELEGATED_EVENTS = [
  * Returns `true` if `event_name` is a delegated event
  * @param {string} event_name
  */
-export function is_delegated(event_name) {
+export function can_delegate_event(event_name) {
 	return DELEGATED_EVENTS.includes(event_name);
 }
 
diff --git a/packages/svelte/tests/runtime-runes/samples/inspect-new-property/_config.js b/packages/svelte/tests/runtime-runes/samples/inspect-new-property/_config.js
index 8134044b16fc..43d217977e63 100644
--- a/packages/svelte/tests/runtime-runes/samples/inspect-new-property/_config.js
+++ b/packages/svelte/tests/runtime-runes/samples/inspect-new-property/_config.js
@@ -15,9 +15,9 @@ export default test({
 			{},
 			[],
 			{ x: 'hello' },
-			'at HTMLButtonElement.on_click',
+			'at HTMLButtonElement.Main.button.__click',
 			['hello'],
-			'at HTMLButtonElement.on_click'
+			'at HTMLButtonElement.Main.button.__click'
 		]);
 	}
 });
diff --git a/packages/svelte/tests/runtime-runes/samples/inspect-recursive/_config.js b/packages/svelte/tests/runtime-runes/samples/inspect-recursive/_config.js
index 9d95956e7d06..8bf67159f52f 100644
--- a/packages/svelte/tests/runtime-runes/samples/inspect-recursive/_config.js
+++ b/packages/svelte/tests/runtime-runes/samples/inspect-recursive/_config.js
@@ -15,9 +15,9 @@ export default test({
 		assert.deepEqual(normalise_inspect_logs(logs), [
 			[],
 			[{}],
-			'at HTMLButtonElement.on_click',
+			'at HTMLButtonElement.Main.button.__click',
 			[{}, {}],
-			'at HTMLButtonElement.on_click'
+			'at HTMLButtonElement.Main.button.__click'
 		]);
 	}
 });
diff --git a/packages/svelte/tests/snapshot/samples/await-block-scope/_expected/client/index.svelte.js b/packages/svelte/tests/snapshot/samples/await-block-scope/_expected/client/index.svelte.js
index 9bb45ebf78e6..52820c16521f 100644
--- a/packages/svelte/tests/snapshot/samples/await-block-scope/_expected/client/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/await-block-scope/_expected/client/index.svelte.js
@@ -1,19 +1,20 @@
 import 'svelte/internal/disclose-version';
 import * as $ from 'svelte/internal/client';
 
-function increment(_, counter) {
-	counter.count += 1;
-}
-
 var root = $.from_html(`<button> </button> <!> `, 1);
 
 export default function Await_block_scope($$anchor) {
 	let counter = $.proxy({ count: 0 });
 	const promise = $.derived(() => Promise.resolve(counter));
+
+	function increment() {
+		counter.count += 1;
+	}
+
 	var fragment = root();
 	var button = $.first_child(fragment);
 
-	button.__click = [increment, counter];
+	button.__click = increment;
 
 	var text = $.child(button);
 
diff --git a/packages/svelte/tests/snapshot/samples/delegated-locally-declared-shadowed/_expected/client/index.svelte.js b/packages/svelte/tests/snapshot/samples/delegated-locally-declared-shadowed/_expected/client/index.svelte.js
index 0d95d8d33551..ae28419b95e7 100644
--- a/packages/svelte/tests/snapshot/samples/delegated-locally-declared-shadowed/_expected/client/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/delegated-locally-declared-shadowed/_expected/client/index.svelte.js
@@ -2,12 +2,6 @@ import 'svelte/internal/disclose-version';
 import 'svelte/internal/flags/legacy';
 import * as $ from 'svelte/internal/client';
 
-var on_click = (e) => {
-	const index = Number(e.currentTarget.dataset.index);
-
-	console.log(index);
-};
-
 var root_1 = $.from_html(`<button type="button">B</button>`);
 
 export default function Delegated_locally_declared_shadowed($$anchor) {
@@ -18,7 +12,13 @@ export default function Delegated_locally_declared_shadowed($$anchor) {
 		var button = root_1();
 
 		$.set_attribute(button, 'data-index', index);
-		button.__click = [on_click];
+
+		button.__click = (e) => {
+			const index = Number(e.currentTarget.dataset.index);
+
+			console.log(index);
+		};
+
 		$.append($$anchor, button);
 	});
 
diff --git a/packages/svelte/tests/snapshot/samples/nullish-coallescence-omittance/_expected/client/index.svelte.js b/packages/svelte/tests/snapshot/samples/nullish-coallescence-omittance/_expected/client/index.svelte.js
index b46acee82e14..7025c788be23 100644
--- a/packages/svelte/tests/snapshot/samples/nullish-coallescence-omittance/_expected/client/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/nullish-coallescence-omittance/_expected/client/index.svelte.js
@@ -1,7 +1,6 @@
 import 'svelte/internal/disclose-version';
 import * as $ from 'svelte/internal/client';
 
-var on_click = (_, count) => $.update(count);
 var root = $.from_html(`<h1></h1> <b></b> <button> </button> <h1></h1>`, 1);
 
 export default function Nullish_coallescence_omittance($$anchor) {
@@ -18,7 +17,7 @@ export default function Nullish_coallescence_omittance($$anchor) {
 
 	var button = $.sibling(b, 2);
 
-	button.__click = [on_click, count];
+	button.__click = () => $.update(count);
 
 	var text = $.child(button);
 
diff --git a/packages/svelte/tests/snapshot/samples/state-proxy-literal/_expected/client/index.svelte.js b/packages/svelte/tests/snapshot/samples/state-proxy-literal/_expected/client/index.svelte.js
index c446b3d3ef1f..30691231f47b 100644
--- a/packages/svelte/tests/snapshot/samples/state-proxy-literal/_expected/client/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/state-proxy-literal/_expected/client/index.svelte.js
@@ -1,18 +1,19 @@
 import 'svelte/internal/disclose-version';
 import * as $ from 'svelte/internal/client';
 
-function reset(_, str, tpl) {
-	$.set(str, '');
-	$.set(str, ``);
-	$.set(tpl, '');
-	$.set(tpl, ``);
-}
-
 var root = $.from_html(`<input/> <input/> <button>reset</button>`, 1);
 
 export default function State_proxy_literal($$anchor) {
 	let str = $.state('');
 	let tpl = $.state(``);
+
+	function reset() {
+		$.set(str, '');
+		$.set(str, ``);
+		$.set(tpl, '');
+		$.set(tpl, ``);
+	}
+
 	var fragment = root();
 	var input = $.first_child(fragment);
 
@@ -24,7 +25,7 @@ export default function State_proxy_literal($$anchor) {
 
 	var button = $.sibling(input_1, 2);
 
-	button.__click = [reset, str, tpl];
+	button.__click = reset;
 	$.bind_value(input, () => $.get(str), ($$value) => $.set(str, $$value));
 	$.bind_value(input_1, () => $.get(tpl), ($$value) => $.set(tpl, $$value));
 	$.append($$anchor, fragment);