In one aspect, an example method for dynamically adjusting a camera setting for a video stream includes: (i) receiving, by a computing system, video content captured by a camera operating in accordance with a camera setting; (ii) generating, by the computing system, a video stream representing the video content; and (iii) while generating the video stream: (a) determining, by the computing system, an amount of packets in a memory buffer; (b) determining, by the computing system, a time period since the camera setting was last adjusted; and (c) using, by the computing system, the determined amount of packets in the memory buffer and the determined time period since the camera setting was last adjusted as a basis to adjust the camera setting.