Yes, all parameters that are defined in your config/config.ini.php file (in the [General] url_query_parameter_to_exclude_from_url configuration) are excluded from your media URLs. For example sid and sessionid will be automatically removed. If you cannot find this configuration in your config file, the default URL parameter values will be excluded, as defined in config/global.ini.php.

Additionally, URL parameters from the [MediaAnalytics] media_analytics_exclude_query_parameters configuration are excluded from your tracked URLs. The URL parameters enablejsapi and player_id are excluded by default. You may customize the list by specifying, in your config/config.ini.php:

media_analytics_exclude_query_parameters = "enablejsapi,player_id,loop,autoplay"

Previous FAQ: Can I disable the tracking of individual videos and audio?