diff --git a/tools/perf/builtin-record.c b/tools/perf/builtin-record.c
index d76f01956e33..26d8da560446 100644
--- a/tools/perf/builtin-record.c
+++ b/tools/perf/builtin-record.c
@@ -983,7 +983,6 @@ static int record__config_tracking_events(struct record *rec)
 	 */
 	if (opts->target.initial_delay || target__has_cpu(&opts->target) ||
 	    perf_pmus__num_core_pmus() > 1) {
-
 		/*
 		 * User space tasks can migrate between CPUs, so when tracing
 		 * selected CPUs, sideband for all CPUs is still needed.
@@ -1388,10 +1387,27 @@ static int record__open(struct record *rec)
 	struct perf_session *session = rec->session;
 	struct record_opts *opts = &rec->opts;
 	int rc = 0;
+	bool skipped = false;
+	bool removed_tracking = false;
 
 	evlist__for_each_entry(evlist, pos) {
+		if (removed_tracking) {
+			/*
+			 * Normally the head of the list has tracking enabled
+			 * for sideband data like mmaps. If this event is
+			 * removed, make sure to add tracking to the next
+			 * processed event.
+			 */
+			if (!pos->tracking) {
+				pos->tracking = true;
+				evsel__config(pos, opts, &callchain_param);
+			}
+			removed_tracking = false;
+		}
 try_again:
 		if (evsel__open(pos, pos->core.cpus, pos->core.threads) < 0) {
+			bool report_error = true;
+
 			if (evsel__fallback(pos, &opts->target, errno, msg, sizeof(msg))) {
 				if (verbose > 0)
 					ui__warning("%s\n", msg);
@@ -1403,13 +1419,72 @@ try_again:
 			        pos = evlist__reset_weak_group(evlist, pos, true);
 				goto try_again;
 			}
-			rc = -errno;
-			evsel__open_strerror(pos, &opts->target, errno, msg, sizeof(msg));
-			ui__error("%s\n", msg);
-			goto out;
+#if defined(__aarch64__) || defined(__arm__)
+			if (strstr(evsel__name(pos), "cycles")) {
+				struct evsel *pos2;
+				/*
+				 * Unfortunately ARM has many events named
+				 * "cycles" on PMUs like the system-level (L3)
+				 * cache which don't support sampling. Only
+				 * display such failures to open when there is
+				 * only 1 cycles event or verbose is enabled.
+				 */
+				evlist__for_each_entry(evlist, pos2) {
+					if (pos2 == pos)
+						continue;
+					if (strstr(evsel__name(pos2), "cycles")) {
+						report_error = false;
+						break;
+					}
+				}
+			}
+#endif
+			if (report_error || verbose > 0) {
+				ui__error("Failure to open event '%s' on PMU '%s' which will be "
+					  "removed.\n%s\n",
+					  evsel__name(pos), evsel__pmu_name(pos), msg);
+			}
+			if (pos->tracking)
+				removed_tracking = true;
+			pos->skippable = true;
+			skipped = true;
 		}
 	}
 
+	if (skipped) {
+		struct evsel *tmp;
+		int idx = 0;
+		bool evlist_empty = true;
+
+		/* Remove evsels that failed to open and update indices. */
+		evlist__for_each_entry_safe(evlist, tmp, pos) {
+			if (pos->skippable) {
+				evlist__remove(evlist, pos);
+				continue;
+			}
+
+			/*
+			 * Note, dummy events may be command line parsed or
+			 * added by the tool. We care about supporting `perf
+			 * record -e dummy` which may be used as a permission
+			 * check. Dummy events that are added to the command
+			 * line and opened along with other events that fail,
+			 * will still fail as if the dummy events were tool
+			 * added events for the sake of code simplicity.
+			 */
+			if (!evsel__is_dummy_event(pos))
+				evlist_empty = false;
+		}
+		evlist__for_each_entry(evlist, pos) {
+			pos->core.idx = idx++;
+		}
+		/* If list is empty then fail. */
+		if (evlist_empty) {
+			ui__error("Failure to open any events for recording.\n");
+			rc = -1;
+			goto out;
+		}
+	}
 	if (symbol_conf.kptr_restrict && !evlist__exclude_kernel(evlist)) {
 		pr_warning(
 "WARNING: Kernel address maps (/proc/{kallsyms,modules}) are restricted,\n"