diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index bebf8d405a9..7c443624994 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -12,6 +12,6 @@
 exports.version = {
   major: 0,
   minor: 70,
-  patch: 2,
+  patch: 3,
   prerelease: null,
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index 2b2fd624c61..b1a16c56070 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -23,7 +23,7 @@ NSDictionary* RCTGetReactNativeVersion(void)
     __rnVersion = @{
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(70),
-                  RCTVersionPatch: @(2),
+                  RCTVersionPatch: @(3),
                   RCTVersionPrerelease: [NSNull null],
                   };
   });
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 629e6d96e07..ace5cdc98a0 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.70.2
+VERSION_NAME=0.70.3
 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 40ca73dcfe2..c3694d7c6a7 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
@@ -17,6 +17,6 @@ public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
       "minor", 70,
-      "patch", 2,
+      "patch", 3,
       "prerelease", null);
 }
diff --git a/ReactCommon/cxxreact/ReactNativeVersion.h b/ReactCommon/cxxreact/ReactNativeVersion.h
index aa5d04ff18f..6bf79dfa5ef 100644
--- a/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -17,7 +17,7 @@ namespace facebook::react {
 constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 70;
-  int32_t Patch = 2;
+  int32_t Patch = 3;
   std::string_view Prerelease = "";
 } ReactNativeVersion;
 
diff --git a/package.json b/package.json
index 95488e88ad6..ecc1595dae3 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.70.2",
+  "version": "0.70.3",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
diff --git a/template/package.json b/template/package.json
index 41e593ed4b1..bd016b6d6be 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.1.0",
-    "react-native": "0.70.2"
+    "react-native": "0.70.3"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",