diff --git a/Gemfile.lock b/Gemfile.lock
index e8decb7a0f1..fcd736fb023 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -10,8 +10,8 @@ GEM
       i18n (>= 1.6, < 2)
       minitest (>= 5.1)
       tzinfo (~> 2.0)
-    addressable (2.8.6)
-      public_suffix (>= 2.0.2, < 6.0)
+    addressable (2.8.7)
+      public_suffix (>= 2.0.2, < 7.0)
     algoliasearch (1.27.5)
       httpclient (~> 2.8, >= 2.8.3)
       json (>= 1.5.1)
@@ -68,7 +68,7 @@ GEM
     i18n (1.14.5)
       concurrent-ruby (~> 1.0)
     json (2.7.2)
-    minitest (5.23.1)
+    minitest (5.24.1)
     molinillo (0.8.0)
     nanaimo (0.3.0)
     nap (1.1.0)
diff --git a/packages/react-native/Libraries/Core/ReactNativeVersion.js b/packages/react-native/Libraries/Core/ReactNativeVersion.js
index cc855f4838f..5ad06c4ce99 100644
--- a/packages/react-native/Libraries/Core/ReactNativeVersion.js
+++ b/packages/react-native/Libraries/Core/ReactNativeVersion.js
@@ -12,6 +12,6 @@
 exports.version = {
   major: 0,
   minor: 72,
-  patch: 15,
+  patch: 16,
   prerelease: null,
 };
diff --git a/packages/react-native/React/Base/RCTVersion.m b/packages/react-native/React/Base/RCTVersion.m
index 8298bfb04bf..03027cce1b5 100644
--- a/packages/react-native/React/Base/RCTVersion.m
+++ b/packages/react-native/React/Base/RCTVersion.m
@@ -23,7 +23,7 @@ NSDictionary* RCTGetReactNativeVersion(void)
     __rnVersion = @{
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(72),
-                  RCTVersionPatch: @(15),
+                  RCTVersionPatch: @(16),
                   RCTVersionPrerelease: [NSNull null],
                   };
   });
diff --git a/packages/react-native/ReactAndroid/gradle.properties b/packages/react-native/ReactAndroid/gradle.properties
index aa71625b634..e21ee4c1c75 100644
--- a/packages/react-native/ReactAndroid/gradle.properties
+++ b/packages/react-native/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.72.15
+VERSION_NAME=0.72.16
 GROUP=com.facebook.react
 
 # JVM Versions
diff --git a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index 88acd7e7e5f..44cfbd1b26a 100644
--- a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -17,6 +17,6 @@ public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
       "minor", 72,
-      "patch", 15,
+      "patch", 16,
       "prerelease", null);
 }
diff --git a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
index 3d001236b0e..54295de4d55 100644
--- a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -17,7 +17,7 @@ namespace facebook::react {
 constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 72;
-  int32_t Patch = 15;
+  int32_t Patch = 16;
   std::string_view Prerelease = "";
 } ReactNativeVersion;
 
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index 4698071ca57..18633947518 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.72.15",
+  "version": "0.72.16",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
diff --git a/packages/react-native/template/package.json b/packages/react-native/template/package.json
index f04c1e4cb95..84c0ae32d17 100644
--- a/packages/react-native/template/package.json
+++ b/packages/react-native/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.2.0",
-    "react-native": "0.72.15"
+    "react-native": "0.72.16"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",