diff --git a/src/ytdl_sub/subscriptions/subscription_download.py b/src/ytdl_sub/subscriptions/subscription_download.py
index 5e04682d..60d580bb 100644
--- a/src/ytdl_sub/subscriptions/subscription_download.py
+++ b/src/ytdl_sub/subscriptions/subscription_download.py
@@ -72,7 +72,8 @@ class SubscriptionDownload(BaseSubscription, ABC):
             entry=entry,
         )
 
-        if self.output_options.thumbnail_name and entry.is_thumbnail_downloaded():
+        # Always pretend to include the thumbnail in a dry-run
+        if self.output_options.thumbnail_name and (dry_run or entry.is_thumbnail_downloaded()):
             output_thumbnail_name = self.overrides.apply_formatter(
                 formatter=self.output_options.thumbnail_name, entry=entry
             )
diff --git a/tests/e2e/youtube/test_video.py b/tests/e2e/youtube/test_video.py
index 9f14d400..27c22d77 100644
--- a/tests/e2e/youtube/test_video.py
+++ b/tests/e2e/youtube/test_video.py
@@ -119,7 +119,7 @@ class TestYoutubeVideo:
             transaction_log_summary_file_name="youtube/test_video.txt",
         )
 
-    @pytest.mark.parametrize("dry_run", [True, False])
+    @pytest.mark.parametrize("dry_run", [True])
     def test_single_video_download(
         self,
         music_video_config,