diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 9224afd0e34..0618670d979 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -16,5 +16,5 @@ exports.version = {
   major: 0,
   minor: 54,
   patch: 0,
-  prerelease: 'rc.0',
+  prerelease: 'rc.3',
 };
diff --git a/React/Base/RCTVersion.h b/React/Base/RCTVersion.h
index b51a14ab49f..f55f5ad65ee 100644
--- a/React/Base/RCTVersion.h
+++ b/React/Base/RCTVersion.h
@@ -13,5 +13,5 @@
   @"major": @(0), \
   @"minor": @(54), \
   @"patch": @(0), \
-  @"prerelease": @"rc.0", \
+  @"prerelease": @"rc.3", \
 }
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index f5f7244dc54..8718f20b466 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.54.0-rc.0
+VERSION_NAME=0.54.0-rc.3
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index bf8bdc8d177..d740ba92317 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -20,5 +20,5 @@ public class ReactNativeVersion {
       "major", 0,
       "minor", 54,
       "patch", 0,
-      "prerelease", "rc.0");
+      "prerelease", "rc.3");
 }
diff --git a/package.json b/package.json
index c470dbee99a..2e4c4e7d8a7 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.54.0-rc.0",
+  "version": "0.54.0-rc.3",
   "description": "A framework for building native apps using React",
   "license": "BSD-3-Clause",
   "repository": {
@@ -224,4 +224,4 @@
     "shelljs": "^0.7.8",
     "sinon": "^2.2.0"
   }
-}
+}
\ No newline at end of file