diff --git a/core/common/src/main/java/dev/anilbeesetti/nextplayer/core/common/extensions/Float.kt b/core/common/src/main/java/dev/anilbeesetti/nextplayer/core/common/extensions/Float.kt
new file mode 100644
index 000000000..3fea975f0
--- /dev/null
+++ b/core/common/src/main/java/dev/anilbeesetti/nextplayer/core/common/extensions/Float.kt
@@ -0,0 +1,9 @@
+package dev.anilbeesetti.nextplayer.core.common.extensions
+
+import kotlin.math.pow
+import kotlin.math.roundToInt
+
+fun Float.round(decimalPlaces: Int): Float {
+    return (this * 10.0.pow(decimalPlaces.toDouble()))
+        .roundToInt() / 10.0.pow(decimalPlaces.toDouble()).toFloat()
+}
\ No newline at end of file
diff --git a/feature/player/src/main/java/dev/anilbeesetti/nextplayer/feature/player/dialogs/PlaybackSpeedControlsDialogFragment.kt b/feature/player/src/main/java/dev/anilbeesetti/nextplayer/feature/player/dialogs/PlaybackSpeedControlsDialogFragment.kt
index 5af46df48..999065817 100644
--- a/feature/player/src/main/java/dev/anilbeesetti/nextplayer/feature/player/dialogs/PlaybackSpeedControlsDialogFragment.kt
+++ b/feature/player/src/main/java/dev/anilbeesetti/nextplayer/feature/player/dialogs/PlaybackSpeedControlsDialogFragment.kt
@@ -4,8 +4,9 @@ import android.app.Dialog
 import android.os.Bundle
 import androidx.fragment.app.DialogFragment
 import com.google.android.material.dialog.MaterialAlertDialogBuilder
-import dev.anilbeesetti.nextplayer.core.ui.R as coreUiR
+import dev.anilbeesetti.nextplayer.core.common.extensions.round
 import dev.anilbeesetti.nextplayer.feature.player.databinding.PlaybackSpeedBinding
+import dev.anilbeesetti.nextplayer.core.ui.R as coreUiR
 
 class PlaybackSpeedControlsDialogFragment(
     private val currentSpeed: Float,
@@ -20,9 +21,9 @@ class PlaybackSpeedControlsDialogFragment(
         return activity?.let { activity ->
             binding.apply {
                 speedText.text = currentSpeed.toString()
-                speed.value = currentSpeed
+                speed.value = currentSpeed.round(2)
                 speed.addOnChangeListener { _, _, _ ->
-                    val newSpeed = String.format("%.1f", speed.value).toFloat()
+                    val newSpeed = speed.value.round(2)
                     onChange(newSpeed)
                     speedText.text = newSpeed.toString()
                 }
@@ -31,12 +32,12 @@ class PlaybackSpeedControlsDialogFragment(
                 }
                 incSpeed.setOnClickListener {
                     if (speed.value < 4.0f) {
-                        speed.value += 0.1f
+                        speed.value = (speed.value + 0.1f).round(2)
                     }
                 }
                 decSpeed.setOnClickListener {
                     if (speed.value > 0.2f) {
-                        speed.value -= 0.1f
+                        speed.value = (speed.value - 0.1f).round(2)
                     }
                 }
             }