diff --git a/src/components/VideoPlayer/BaseVideoPlayer.tsx b/src/components/VideoPlayer/BaseVideoPlayer.tsx
index 140d3f5eccc46..9234dc4521d06 100644
--- a/src/components/VideoPlayer/BaseVideoPlayer.tsx
+++ b/src/components/VideoPlayer/BaseVideoPlayer.tsx
@@ -90,7 +90,7 @@ function BaseVideoPlayer({
     const isCurrentlyURLSet = currentlyPlayingURL === url;
     const isUploading = CONST.ATTACHMENT_LOCAL_URL_PREFIX.some((prefix) => url.startsWith(prefix));
     const videoStateRef = useRef<AVPlaybackStatus | null>(null);
-    const {updateVolume} = useVolumeContext();
+    const {updateVolume, lastNonZeroVolume} = useVolumeContext();
     const {videoPopoverMenuPlayerRef, currentPlaybackSpeed, setCurrentPlaybackSpeed} = useVideoPopoverMenuContext();
     const {source} = videoPopoverMenuPlayerRef.current?.props ?? {};
     const shouldUseNewRate = typeof source === 'number' || !source || source.uri !== sourceURL;
@@ -187,9 +187,8 @@ function BaseVideoPlayer({
         },
         [playVideo, videoResumeTryNumberRef],
     );
-
-    const prevIsMutedRef = useRef(false);
-    const prevVolumeRef = useRef(0);
+    const prevIsMuted = useSharedValue(true);
+    const prevVolume = useSharedValue(0);
 
     const handlePlaybackStatusUpdate = useCallback(
         (status: AVPlaybackStatus) => {
@@ -211,14 +210,17 @@ function BaseVideoPlayer({
                 setIsEnded(false);
             }
 
-            if (prevIsMutedRef.current && prevVolumeRef.current === 0 && !status.isMuted) {
-                updateVolume(0.25);
+            // These two conditions are essential for the mute and unmute functionality to work properly during
+            // fullscreen playback on the web
+            if (prevIsMuted.get() && prevVolume.get() === 0 && !status.isMuted) {
+                updateVolume(lastNonZeroVolume.get());
             }
-            if (isFullScreenRef.current && prevVolumeRef.current !== 0 && status.volume === 0 && !status.isMuted) {
+
+            if (isFullScreenRef.current && prevVolume.get() !== 0 && status.volume === 0 && !status.isMuted) {
                 currentVideoPlayerRef.current?.setStatusAsync({isMuted: true});
             }
-            prevIsMutedRef.current = status.isMuted;
-            prevVolumeRef.current = status.volume;
+            prevIsMuted.set(status.isMuted);
+            prevVolume.set(status.volume);
 
             const isVideoPlaying = status.isPlaying;
             // eslint-disable-next-line @typescript-eslint/prefer-nullish-coalescing
@@ -266,7 +268,6 @@ function BaseVideoPlayer({
                     if (!('isMuted' in status)) {
                         return;
                     }
-
                     updateVolume(status.isMuted ? 0 : status.volume || 1);
                 });
 
diff --git a/src/components/VideoPlayer/VideoPlayerControls/VolumeButton/index.tsx b/src/components/VideoPlayer/VideoPlayerControls/VolumeButton/index.tsx
index a6e44607ea62f..9b79cf57b6cf3 100644
--- a/src/components/VideoPlayer/VideoPlayerControls/VolumeButton/index.tsx
+++ b/src/components/VideoPlayer/VideoPlayerControls/VolumeButton/index.tsx
@@ -33,7 +33,7 @@ const getVolumeIcon = (volume: number) => {
 function VolumeButton({style, small = false}: VolumeButtonProps) {
     const styles = useThemeStyles();
     const {translate} = useLocalize();
-    const {updateVolume, volume} = useVolumeContext();
+    const {updateVolume, volume, toggleMute} = useVolumeContext();
     const [sliderHeight, setSliderHeight] = useState(1);
     const [volumeIcon, setVolumeIcon] = useState({icon: getVolumeIcon(volume.get())});
     const [isSliderBeingUsed, setIsSliderBeingUsed] = useState(false);
@@ -95,7 +95,7 @@ function VolumeButton({style, small = false}: VolumeButtonProps) {
 
                     <IconButton
                         tooltipText={volume.get() === 0 ? translate('videoPlayer.unmute') : translate('videoPlayer.mute')}
-                        onPress={() => updateVolume(volume.get() === 0 ? 1 : 0)}
+                        onPress={toggleMute}
                         src={volumeIcon.icon}
                         small={small}
                         shouldForceRenderingTooltipBelow
diff --git a/src/components/VideoPlayerContexts/VolumeContext.tsx b/src/components/VideoPlayerContexts/VolumeContext.tsx
index 1f7b3bf665515..ec42c1fa78774 100644
--- a/src/components/VideoPlayerContexts/VolumeContext.tsx
+++ b/src/components/VideoPlayerContexts/VolumeContext.tsx
@@ -9,6 +9,8 @@ const Context = React.createContext<VolumeContext | null>(null);
 function VolumeContextProvider({children}: ChildrenProps) {
     const {currentVideoPlayerRef, originalParent} = usePlaybackContext();
     const volume = useSharedValue(0);
+    // We need this field to remember the last value before clicking mute
+    const lastNonZeroVolume = useSharedValue(1);
 
     const updateVolume = useCallback(
         (newVolume: number) => {
@@ -16,11 +18,22 @@ function VolumeContextProvider({children}: ChildrenProps) {
                 return;
             }
             currentVideoPlayerRef.current.setStatusAsync({volume: newVolume, isMuted: newVolume === 0});
+
             volume.set(newVolume);
         },
         [currentVideoPlayerRef, volume],
     );
 
+    // This function ensures mute and unmute functionality. Overwriting lastNonZeroValue
+    // only in the case of mute guarantees that a pan gesture reducing the volume to zero won’t cause
+    // us to lose this value. As a result, unmute restores the last non-zero value.
+    const toggleMute = useCallback(() => {
+        if (volume.get() !== 0) {
+            lastNonZeroVolume.set(volume.get());
+        }
+        updateVolume(volume.get() === 0 ? lastNonZeroVolume.get() : 0);
+    }, [lastNonZeroVolume, updateVolume, volume]);
+
     // We want to update the volume when currently playing video changes.
     // When originalParent changed we're sure that currentVideoPlayerRef is updated. So we can apply the new volume.
     useEffect(() => {
@@ -30,7 +43,16 @@ function VolumeContextProvider({children}: ChildrenProps) {
         updateVolume(volume.get());
     }, [originalParent, updateVolume, volume]);
 
-    const contextValue = useMemo(() => ({updateVolume, volume}), [updateVolume, volume]);
+    const contextValue = useMemo(
+        () => ({
+            updateVolume,
+            volume,
+            lastNonZeroVolume,
+            toggleMute,
+        }),
+        [updateVolume, volume, lastNonZeroVolume, toggleMute],
+    );
+
     return <Context.Provider value={contextValue}>{children}</Context.Provider>;
 }
 
diff --git a/src/components/VideoPlayerContexts/types.ts b/src/components/VideoPlayerContexts/types.ts
index bfccebb2df3f7..b376e9dd5f146 100644
--- a/src/components/VideoPlayerContexts/types.ts
+++ b/src/components/VideoPlayerContexts/types.ts
@@ -25,6 +25,8 @@ type PlaybackContext = {
 type VolumeContext = {
     updateVolume: (newVolume: number) => void;
     volume: SharedValue<number>;
+    lastNonZeroVolume: SharedValue<number>;
+    toggleMute: () => void;
 };
 
 type VideoPopoverMenuContext = {