diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index d07061f73da..70875f6ca34 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -16,5 +16,5 @@ exports.version = {
   major: 0,
   minor: 50,
   patch: 0,
-  prerelease: 'rc.0',
+  prerelease: 'rc.1',
 };
diff --git a/React/Base/RCTVersion.h b/React/Base/RCTVersion.h
index b85c08665ab..dc0b666b111 100644
--- a/React/Base/RCTVersion.h
+++ b/React/Base/RCTVersion.h
@@ -13,5 +13,5 @@
   @"major": @(0), \
   @"minor": @(50), \
   @"patch": @(0), \
-  @"prerelease": @"rc.0", \
+  @"prerelease": @"rc.1", \
 }
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 929a2e1b761..a6b61d49633 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.50.0-rc.0
+VERSION_NAME=0.50.0-rc.1
 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 d45dfe484ac..d2e4dd3b58d 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", 50,
       "patch", 0,
-      "prerelease", "rc.0");
+      "prerelease", "rc.1");
 }
diff --git a/package.json b/package.json
index e8169916551..7a7dc9e676b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.50.0-rc.0",
+  "version": "0.50.0-rc.1",
   "description": "A framework for building native apps using React",
   "license": "BSD-3-Clause",
   "repository": {
@@ -206,4 +206,4 @@
     "shelljs": "^0.7.8",
     "sinon": "^2.2.0"
   }
-}
+}
\ No newline at end of file