Video playback is not smooth anymore after few updates on Pinebook

Hello, I’m running Manjaro Sway on Pinebook 11" 1080p. I’ve decided on this distro because it had flawless, smooth and hw accelerated video playback through mpv when I installed it about a year ago. I’ve downloaded som test videos in various formats (mpeg2, mpeg4, h264, vp8, vc1) and sizes (1080p, 720p, 480p) and the Pinebook successfully played smoothly all of them (except 1080p version of vc1 or vp8 I don’t recall which one). I’ve periodically checked the video playback after every update and when there was no issue after half a year, I stopped to check.

After last update I remembered my video testing and just for fun I’ve tried to test the video playback again. And I was surprised to find out, that none of the 1080p videos were smooth. All of them had frames drop.

Does anybody know why, the video playback stopped to be smooth?
I’ve read somewhere, that from some graphics drivers video hw acceleration was dropped recently, could it be this case? If yes, how can I fix it?

Here is output of mpv when playing the mpeg2 video:

 (+) Video --vid=1 (mpeg2video 1920x1080 25.000fps)
 (+) Audio --aid=1 (mp2 2ch 44100Hz)
AO: [pulse] 44100Hz stereo 2ch s16
VO: [gpu] 1920x1080 yuv420p
AV: 00:00:00 / 00:00:44 (2%) A-V:  0.483 Dropped: 7

Audio/Video desynchronisation detected! Possible reasons include too slow
hardware, temporary CPU spikes, broken drivers, and broken files. Audio
position will not match to the video (see A-V status field).

AV: 00:00:03 / 00:00:44 (7%) A-V:  2.176 Dropped: 38

Exiting... (Quit)