Parse a multiline string with two delimiters per line into an array of associative rows

I found a few posts to explode data as array, but mine is bit specific because the data has 2 parts

I have this

title=Title1|link=Link1
title=Title2|link=Link2

and result I need is this

Array
(
    [0] => Array
        (
            [title] => Title1
            [link] => Link1
        )

    [1] => Array
        (
            [title] => Title2
            [link] => Link2
            
        )

)

data is coming from texarea separated by \n so the data you see is actual data.

I'm more a fan of explode() than preg_match() when you don't actually need regular expressions.

<?php

$text="title=Title1|link=Link1\ntitle=Title2|link=Link2";

$result=array();
$count=0;

// line by line...
foreach (explode("\n", $text) as $line) {
  // variable by variable...
  foreach (explode("|", $line) as $vars) {
    // separate LHS from RHS.
    $parts=explode("=", $vars);
    $result[$count][$parts[0]]=$parts[1];
  }
  $count++;
}

print_r($result);

?>

Don't forget to add code to handle lines that don't match the pattern you expect. Input validation is important.