diff --git a/Sources/Parsing/TokenEventParser.Flow.swift b/Sources/Parsing/TokenEventParser.Flow.swift
index 3d0ce49..e923bce 100644
--- a/Sources/Parsing/TokenEventParser.Flow.swift
+++ b/Sources/Parsing/TokenEventParser.Flow.swift
@@ -131,7 +131,7 @@ extension PureYAML.Parsing.TokenEventParser {
 
     mutating func parseFlowMappingPair() throws -> PureYAML.Parsing.NodeResult {
         if cursor.current?.kind.isMappingKey == true {
-            return try parseMappingPair()
+            return try parseMappingPair(inFlow: true)
         }
 
         // A flow mapping key may be empty (`{ : v }`) or carry only properties (`{ !!str : v }`):
diff --git a/Sources/Parsing/TokenEventParser.Helpers.swift b/Sources/Parsing/TokenEventParser.Helpers.swift
index ef8e110..669b8fa 100644
--- a/Sources/Parsing/TokenEventParser.Helpers.swift
+++ b/Sources/Parsing/TokenEventParser.Helpers.swift
@@ -1,6 +1,7 @@
 extension PureYAML.Parsing.TokenEventParser {
     mutating func parseMappingPair(
         firstKeyProperties: PureYAML.Parsing.NodeProperties = .none,
+        inFlow: Bool = false,
     ) throws -> PureYAML.Parsing.NodeResult {
         // A subsequent pair's key may carry an anchor or tag (`&a key: …`). The first pair's inline
         // properties are consumed when the mapping is entered and passed back in here; consuming
@@ -22,6 +23,16 @@ extension PureYAML.Parsing.TokenEventParser {
         }
 
         let properties = try consumeProperties()
+        if inFlow {
+            // In a flow mapping the value is a flow node and may sit on any line: flow is line
+            // insensitive, so the block-only same-line and indentation rules below do not apply.
+            // Only a flow terminator (`,`, `}`, `]`) or the stream end leaves the value empty (null),
+            // mirroring the empty-value rule in `parseFlowMappingPair` for the non-`?` key path.
+            guard properties != .none || cursor.current?.kind.isFlowTerminator == false else {
+                return try emitNullMappingValue(at: valueIndicator.endMark)
+            }
+            return try parseNode(properties: properties)
+        }
         try enforceValuePropertyIndented(properties, valueIndicator: valueIndicator)
         if cursor.current?.kind.isIndent == true {
             return try parseIndentedMappingValue(properties: properties)
diff --git a/Tests/FlowMultilineValueTests.swift b/Tests/FlowMultilineValueTests.swift
new file mode 100644
index 0000000..864d107
--- /dev/null
+++ b/Tests/FlowMultilineValueTests.swift
@@ -0,0 +1,49 @@
+@testable import PureYAML
+import Testing
+
+/// In a flow mapping the value is a flow node and may sit on any line: flow is line insensitive,
+/// unlike a block mapping whose value must be on the key's line or an indented block below it.
+/// A value after `:` on the next line is the value, not a null. Pretty-printed JSON (a YAML 1.2
+/// superset) relies on this throughout, which is why it must hold. Only a flow terminator leaves
+/// the value empty.
+@Suite("Flow multi-line value")
+struct FlowMultilineValueTests {
+    @Test("A flow mapping value on the line after the colon is the value")
+    func test_valueOnNextLine() throws {
+        #expect(try PureYAML.parse("{\"a\":\n\"b\"}") == .mapping(.init([
+            .init(key: "a", value: .string("b")),
+        ])))
+    }
+
+    @Test("Several flow values, each on its own line, each bind to their key")
+    func test_severalNextLineValues() throws {
+        let yaml = "{\n\"a\":\n  \"x\",\n\"b\":\n  \"y\"\n}"
+        #expect(try PureYAML.parse(yaml) == .mapping(.init([
+            .init(key: "a", value: .string("x")),
+            .init(key: "b", value: .string("y")),
+        ])))
+    }
+
+    @Test("A flow value that is itself a flow node spanning lines is parsed")
+    func test_nextLineValueIsFlowNode() throws {
+        #expect(try PureYAML.parse("{\"a\":\n[1, 2]}") == .mapping(.init([
+            .init(key: "a", value: .sequence([.int(1), .int(2)])),
+        ])))
+    }
+
+    @Test("Near miss: a flow value omitted before a terminator is null, not the next entry")
+    func test_emptyFlowValueStaysNull() throws {
+        #expect(try PureYAML.parse("{\"a\": , \"b\": \"c\"}") == .mapping(.init([
+            .init(key: "a", value: .null),
+            .init(key: "b", value: .string("c")),
+        ])))
+    }
+
+    @Test("Pretty-printed JSON (an array of objects with values on their own lines) parses")
+    func test_prettyPrintedJSON() throws {
+        let yaml = "[\n  {\n    \"k\":\n      \"v\"\n  }\n]"
+        #expect(try PureYAML.parse(yaml) == .sequence([
+            .mapping(.init([.init(key: "k", value: .string("v"))])),
+        ]))
+    }
+}