[Wofiel]

Reportedly does.

>If media codecs are supported by your Chromecast device, VLC only acts as a streaming server (which is battery consuming). If not, VLC will transcode and stream media, which is highly cpu and battery consuming.

[1] https://geoffreymetais.github.io/features/vlc-30/#chromecast

[keredson]

also they're transcoding to V8 and webm. so pretty much transcoding everything.