diff --git a/.changeset/long-buckets-lay.md b/.changeset/long-buckets-lay.md
new file mode 100644
index 000000000000..3611480fbc45
--- /dev/null
+++ b/.changeset/long-buckets-lay.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+Fix interopability between backticks and templates
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
index 6ad1026cc744..0bf3bffdbd21 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
@@ -33,6 +33,7 @@ import {
 } from '../../../../../constants.js';
 import { regex_is_valid_identifier } from '../../../patterns.js';
 import { javascript_visitors_runes } from './javascript-runes.js';
+import { sanitize_template_string } from '../../../../utils/sanitize_template_string.js';
 
 /**
  * @param {import('#compiler').RegularElement | import('#compiler').SvelteElement} element
@@ -1636,7 +1637,7 @@ function serialize_template_literal(values, visit, state) {
 		const node = values[i];
 		if (node.type === 'Text') {
 			const last = /** @type {import('estree').TemplateElement} */ (quasis.at(-1));
-			last.value.raw += node.data;
+			last.value.raw += sanitize_template_string(node.data);
 		} else {
 			if (node.type === 'ExpressionTag' && node.metadata.contains_call_expression) {
 				contains_call_expression = true;
diff --git a/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js b/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
index 79c62e396d47..76e87406fc14 100644
--- a/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
+++ b/packages/svelte/src/compiler/phases/3-transform/server/transform-server.js
@@ -26,6 +26,7 @@ import { binding_properties } from '../../bindings.js';
 import { regex_starts_with_newline, regex_whitespaces_strict } from '../../patterns.js';
 import { remove_types } from '../typescript.js';
 import { DOMBooleanAttributes } from '../../../../constants.js';
+import { sanitize_template_string } from '../../../utils/sanitize_template_string.js';
 
 /**
  * @param {string} value
@@ -117,14 +118,6 @@ function serialize_template(template, out = b.id('out')) {
 	return statements;
 }
 
-/**
- * @param {string} str
- * @returns {string}
- */
-function sanitize_template_string(str) {
-	return str.replace(/(`|\${|\\)/g, '\\$1');
-}
-
 /**
  * Processes an array of template nodes, joining sibling text/expression nodes and
  * recursing into child nodes.
@@ -194,7 +187,10 @@ function process_children(nodes, parent, { visit, state }) {
 			const node = sequence[i];
 			if (node.type === 'Text' || node.type === 'Comment') {
 				let last = /** @type {import('estree').TemplateElement} */ (quasis.at(-1));
-				last.value.raw += node.type === 'Comment' ? `<!--${node.data}-->` : escape_html(node.data);
+				last.value.raw +=
+					node.type === 'Comment'
+						? `<!--${node.data}-->`
+						: sanitize_template_string(escape_html(node.data));
 			} else if (node.type === 'Anchor') {
 				expressions.push(node.id);
 				quasis.push(b.quasi('', i + 1 === sequence.length));
diff --git a/packages/svelte/src/compiler/utils/builders.js b/packages/svelte/src/compiler/utils/builders.js
index d98b840a195e..f0907f293f39 100644
--- a/packages/svelte/src/compiler/utils/builders.js
+++ b/packages/svelte/src/compiler/utils/builders.js
@@ -1,4 +1,5 @@
 import { regex_is_valid_identifier } from '../phases/patterns.js';
+import { sanitize_template_string } from './sanitize_template_string.js';
 
 /**
  * @param {Array<import('estree').Expression | import('estree').SpreadElement | null>} elements
@@ -314,7 +315,7 @@ export function prop_def(key, value, computed = false, is_static = false) {
  * @returns {import('estree').TemplateElement}
  */
 export function quasi(cooked, tail = false) {
-	const raw = cooked.replace(/\\/g, '\\\\').replace(/`/g, '\\`').replace(/\$/g, '\\$');
+	const raw = sanitize_template_string(cooked);
 	return { type: 'TemplateElement', value: { raw, cooked }, tail };
 }
 
diff --git a/packages/svelte/src/compiler/utils/sanitize_template_string.js b/packages/svelte/src/compiler/utils/sanitize_template_string.js
new file mode 100644
index 000000000000..80357d908d9a
--- /dev/null
+++ b/packages/svelte/src/compiler/utils/sanitize_template_string.js
@@ -0,0 +1,7 @@
+/**
+ * @param {string} str
+ * @returns {string}
+ */
+export function sanitize_template_string(str) {
+	return str.replace(/(`|\${|\\)/g, '\\$1');
+}
diff --git a/packages/svelte/tests/runtime-runes/samples/backtick-template/_config.js b/packages/svelte/tests/runtime-runes/samples/backtick-template/_config.js
new file mode 100644
index 000000000000..61250b25cb7a
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/backtick-template/_config.js
@@ -0,0 +1,5 @@
+import { test } from '../../test';
+
+export default test({
+	html: '<div>/ $clicks: 0 `tim$es` \\</div><div>$dollars `backticks` pyramid /\\</div>'
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/backtick-template/main.svelte b/packages/svelte/tests/runtime-runes/samples/backtick-template/main.svelte
new file mode 100644
index 000000000000..c15c78a27a53
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/backtick-template/main.svelte
@@ -0,0 +1,6 @@
+<div>
+	/ $clicks: {0} `tim${"e"}s` \
+</div>
+<div>
+	$dollars `backticks` pyramid /\
+</div>
\ No newline at end of file