diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1f24a4ea7..5ac3df672 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -19,6 +19,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Fixed extraction of recursive exceptions https://github.com/Textualize/rich/pull/3772
 - Fixed padding applied to Syntax https://github.com/Textualize/rich/pull/3782
 - Fixed `Panel` title missing the panel background style https://github.com/Textualize/rich/issues/3569
+- Fixed parsing of SGR color codes using colons https://github.com/Textualize/rich/pull/3789 
 
 ### Added
 
diff --git a/CONTRIBUTORS.md b/CONTRIBUTORS.md
index 4b04786b9..6341d5a50 100644
--- a/CONTRIBUTORS.md
+++ b/CONTRIBUTORS.md
@@ -11,6 +11,7 @@ The following people have contributed to the development of Rich:
 - [Robin Bowes](https://github.com/yo61)
 - [Dennis Brakhane](https://github.com/brakhane)
 - [Darren Burns](https://github.com/darrenburns)
+- [Alex Carney](https://github.com/alcarney)
 - [Ceyda Cinarel](https://github.com/cceyda)
 - [Jim Crist-Harif](https://github.com/jcrist)
 - [Ed Davis](https://github.com/davised)
diff --git a/rich/ansi.py b/rich/ansi.py
index 7de86ce50..bd59b7594 100644
--- a/rich/ansi.py
+++ b/rich/ansi.py
@@ -144,6 +144,7 @@ def decode_line(self, line: str) -> Text:
         Returns:
             Text: A Text instance marked up according to ansi codes.
         """
+
         from_ansi = Color.from_ansi
         from_rgb = Color.from_rgb
         _Style = Style
@@ -163,7 +164,7 @@ def decode_line(self, line: str) -> Text:
                 # Ignore invalid codes, because we want to be lenient
                 codes = [
                     min(255, int(_code) if _code else 0)
-                    for _code in sgr.split(";")
+                    for _code in sgr.replace("::", ";").replace(":", ";").split(";")
                     if _code.isdigit() or _code == ""
                 ]
                 iter_codes = iter(codes)
diff --git a/tests/test_ansi.py b/tests/test_ansi.py
index d81f6459f..f88d43ad9 100644
--- a/tests/test_ansi.py
+++ b/tests/test_ansi.py
@@ -1,5 +1,4 @@
 import pytest
-
 from rich.ansi import AnsiDecoder
 from rich.console import Console
 from rich.style import Style
@@ -70,6 +69,23 @@ def test_decode_issue_2688(ansi_bytes, expected_text):
     assert str(text) == expected_text
 
 
+@pytest.mark.parametrize(
+    "text,expected",
+    [
+        (
+            "\x1b[38;2;255;0;0mred\x1b[0m text",
+            Text("red text", spans=[Span(0, 3, Style.parse("#ff0000"))]),
+        ),
+        (
+            "\x1b[38:2::255:0:0mred\x1b[0m text",
+            Text("red text", spans=[Span(0, 3, Style.parse("#ff0000"))]),
+        ),
+    ],
+)
+def test_decode_sgr_rgb(text, expected):
+    assert Text.from_ansi(text) == expected
+
+
 @pytest.mark.parametrize("code", [*"0123456789:;<=>?"])
 def test_strip_private_escape_sequences(code):
     text = Text.from_ansi(f"\x1b{code}x")