A system, method, and computer program product for dynamically managing packet delay of a received packet of data between multiple endpoints, including a delay estimator module adapted to calculate packet delay of the received packet of data. The system further includes a predictor module adapted for predicting a playout time for each received packet of data indicative of the calculated packet delay of the at least one received packet of data. Furthermore, the system includes a buffer module adapted for buffering the received packet of data for a variable amount of time and a player module adapted for playing only the received packet of data and to discard packets of data received after the predicted playout time. The delay estimator is adapted to calculate maximum delay of all the packets of data received in an interval within a predetermined threshold indicative of the calculated packet delay.