diff --git a/core/modules/media/src/Plugin/media/Source/OEmbed.php b/core/modules/media/src/Plugin/media/Source/OEmbed.php
index b95288aae8..ce3d64974d 100644
--- a/core/modules/media/src/Plugin/media/Source/OEmbed.php
+++ b/core/modules/media/src/Plugin/media/Source/OEmbed.php
@@ -14,6 +14,7 @@
 use Drupal\Core\Form\FormStateInterface;
 use Drupal\Core\Messenger\MessengerInterface;
 use Drupal\Core\Url;
+use Drupal\Core\Utility\Token;
 use Drupal\media\IFrameUrlHelper;
 use Drupal\media\OEmbed\Resource;
 use Drupal\media\OEmbed\ResourceException;
@@ -124,6 +125,13 @@ class OEmbed extends MediaSourceBase implements OEmbedInterface {
    */
   protected $fileSystem;
 
+  /**
+   * The token replacement instance.
+   *
+   * @var \Drupal\Core\Utility\Token
+   */
+  protected $token;
+
   /**
    * Constructs a new OEmbed instance.
    *
@@ -155,8 +163,10 @@ class OEmbed extends MediaSourceBase implements OEmbedInterface {
    *   The iFrame URL helper service.
    * @param \Drupal\Core\File\FileSystemInterface $file_system
    *   The file system.
+   * @param \Drupal\Core\Utility\Token $token
+   *   The token replacement instance.
    */
-  public function __construct(array $configuration, $plugin_id, $plugin_definition, EntityTypeManagerInterface $entity_type_manager, EntityFieldManagerInterface $entity_field_manager, ConfigFactoryInterface $config_factory, FieldTypePluginManagerInterface $field_type_manager, LoggerInterface $logger, MessengerInterface $messenger, ClientInterface $http_client, ResourceFetcherInterface $resource_fetcher, UrlResolverInterface $url_resolver, IFrameUrlHelper $iframe_url_helper, FileSystemInterface $file_system) {
+  public function __construct(array $configuration, $plugin_id, $plugin_definition, EntityTypeManagerInterface $entity_type_manager, EntityFieldManagerInterface $entity_field_manager, ConfigFactoryInterface $config_factory, FieldTypePluginManagerInterface $field_type_manager, LoggerInterface $logger, MessengerInterface $messenger, ClientInterface $http_client, ResourceFetcherInterface $resource_fetcher, UrlResolverInterface $url_resolver, IFrameUrlHelper $iframe_url_helper, FileSystemInterface $file_system, Token $token) {
     parent::__construct($configuration, $plugin_id, $plugin_definition, $entity_type_manager, $entity_field_manager, $field_type_manager, $config_factory);
     $this->logger = $logger;
     $this->messenger = $messenger;
@@ -165,6 +175,7 @@ public function __construct(array $configuration, $plugin_id, $plugin_definition
     $this->urlResolver = $url_resolver;
     $this->iFrameUrlHelper = $iframe_url_helper;
     $this->fileSystem = $file_system;
+    $this->token = $token;
   }
 
   /**
@@ -185,7 +196,8 @@ public static function create(ContainerInterface $container, array $configuratio
       $container->get('media.oembed.resource_fetcher'),
       $container->get('media.oembed.url_resolver'),
       $container->get('media.oembed.iframe_url_helper'),
-      $container->get('file_system')
+      $container->get('file_system'),
+      $container->get('token')
     );
   }
 
@@ -243,7 +255,7 @@ public function getMetadata(MediaInterface $media, $name) {
         return parent::getMetadata($media, 'default_name');
 
       case 'thumbnail_uri':
-        return $this->getLocalThumbnailUri($resource) ?: parent::getMetadata($media, 'thumbnail_uri');
+        return $this->getLocalThumbnailUri($resource, $media) ?: parent::getMetadata($media, 'thumbnail_uri');
 
       case 'type':
         return $resource->getType();
@@ -373,6 +385,8 @@ public function defaultConfiguration() {
    *
    * @param \Drupal\media\OEmbed\Resource $resource
    *   The oEmbed resource.
+   * @param \Drupal\media\MediaInterface $media
+   *   The Media interface.
    *
    * @return string|null
    *   The local thumbnail URI, or NULL if it could not be downloaded, or if the
@@ -383,7 +397,7 @@ public function defaultConfiguration() {
    * toggle-able. See https://www.drupal.org/project/drupal/issues/2962751 for
    * more information.
    */
-  protected function getLocalThumbnailUri(Resource $resource) {
+  protected function getLocalThumbnailUri(Resource $resource, MediaInterface $media) {
     // If there is no remote thumbnail, there's nothing for us to fetch here.
     $remote_thumbnail_url = $resource->getThumbnailUrl();
     if (!$remote_thumbnail_url) {
@@ -393,7 +407,7 @@ protected function getLocalThumbnailUri(Resource $resource) {
     // Ensure that we can write to the local directory where thumbnails are
     // stored.
     $configuration = $this->getConfiguration();
-    $directory = $configuration['thumbnails_directory'];
+    $directory = $this->token->replace($configuration['thumbnails_directory'], ['media' => $media]);
 
     // The local thumbnail doesn't exist yet, so try to download it. First,
     // ensure that the destination directory is writable, and if it's not,
diff --git a/core/modules/media/tests/src/Kernel/OEmbedSourceTest.php b/core/modules/media/tests/src/Kernel/OEmbedSourceTest.php
index 314b2796e8..faf8ca8521 100644
--- a/core/modules/media/tests/src/Kernel/OEmbedSourceTest.php
+++ b/core/modules/media/tests/src/Kernel/OEmbedSourceTest.php
@@ -26,6 +26,21 @@ class OEmbedSourceTest extends MediaKernelTestBase {
    */
   protected static $modules = ['media'];
 
+  /**
+   * Token service.
+   *
+   * @var \Drupal\Core\Utility\Token
+   */
+  protected $token;
+
+  /**
+   * {@inheritdoc}
+   */
+  protected function setUp(): void {
+    parent::setUp();
+    $this->token = \Drupal::token();
+  }
+
   /**
    * @covers ::getMetadata
    */
@@ -164,9 +179,14 @@ public function testThumbnailUri(string $remote_thumbnail_url, $thumbnail_header
       $source->getSourceFieldDefinition($media_type)->getName() => $this->randomString(),
     ]);
     $media->save();
-
+    $hash = Crypt::hashBase64($thumbnail_url);
     // The thumbnail should have a file extension, even if it wasn't in the URL.
-    $expected_uri = 'public://oembed_thumbnails/' . Crypt::hashBase64($thumbnail_url) . ".$expected_extension";
+    $expected_uri = 'public://oembed_thumbnails/' . $hash . '.' . $expected_extension;
+    $this->assertSame($expected_uri, $source->getMetadata($media, 'thumbnail_uri'));
+
+    // Get the local thumbnail URI using token.
+    $directory = $this->token->replace('public://oembed_thumbnails', ['media' => $media]);
+    $expected_uri = $directory . DIRECTORY_SEPARATOR . $hash . '.' . $expected_extension;
     $this->assertSame($expected_uri, $source->getMetadata($media, 'thumbnail_uri'));
     // Even if we get the thumbnail_uri more than once, it should only be
     // downloaded once (this is verified by the shouldBeCalledOnce() checks