diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 9d9bf9f7328..0b7d670e7c3 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -13,5 +13,5 @@ exports.version = {
   major: 0,
   minor: 66,
   patch: 0,
-  prerelease: 'rc.2',
+  prerelease: 'rc.3',
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index 5277d502562..aed10535c4a 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -24,7 +24,7 @@ NSDictionary* RCTGetReactNativeVersion(void)
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(66),
                   RCTVersionPatch: @(0),
-                  RCTVersionPrerelease: @"rc.2",
+                  RCTVersionPrerelease: @"rc.3",
                   };
   });
   return __rnVersion;
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index cdeef4d1bf0..25a9eef437d 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.66.0-rc.2
+VERSION_NAME=0.66.0-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 cf73b90f95f..96aa804327d 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
@@ -18,5 +18,5 @@ public class ReactNativeVersion {
       "major", 0,
       "minor", 66,
       "patch", 0,
-      "prerelease", "rc.2");
+      "prerelease", "rc.3");
 }
diff --git a/ReactCommon/cxxreact/ReactNativeVersion.h b/ReactCommon/cxxreact/ReactNativeVersion.h
index a20685e4a02..45ed4210f12 100644
--- a/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -18,7 +18,7 @@ constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 66;
   int32_t Patch = 0;
-  std::string_view Prerelease = "rc.2";
+  std::string_view Prerelease = "rc.3";
 } ReactNativeVersion;
 
 } // namespace facebook::react
diff --git a/package.json b/package.json
index ab607be6959..4070372ad81 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.66.0-rc.2",
+  "version": "0.66.0-rc.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 2aad2f97fcd..a98ec0ba59d 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "17.0.2",
-    "react-native": "0.66.0-rc.2"
+    "react-native": "0.66.0-rc.3"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",
diff --git a/yarn.lock b/yarn.lock
index 1c662f40a1e..4e3329305f1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1103,6 +1103,26 @@
     sudo-prompt "^9.0.0"
     wcwidth "^1.0.1"
 
+"@react-native-community/eslint-plugin@*":
+  version "1.1.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/eslint-plugin/-/eslint-plugin-1.1.0.tgz#e42b1bef12d2415411519fd528e64b593b1363dc"
+  integrity sha512-W/J0fNYVO01tioHjvYWQ9m6RgndVtbElzYozBq1ZPrHO/iCzlqoySHl4gO/fpCl9QEFjvJfjPgtPMTMlsoq5DQ==
+
+"@react-native/assets@1.0.0":
+  version "1.0.0"
+  resolved "https://registry.yarnpkg.com/@react-native/assets/-/assets-1.0.0.tgz#c6f9bf63d274bafc8e970628de24986b30a55c8e"
+  integrity sha512-KrwSpS1tKI70wuKl68DwJZYEvXktDHdZMG0k2AXD/rJVSlB23/X2CB2cutVR0HwNMJIal9HOUOBB2rVfa6UGtQ==
+
+"@react-native/normalize-color@1.0.0":
+  version "1.0.0"
+  resolved "https://registry.yarnpkg.com/@react-native/normalize-color/-/normalize-color-1.0.0.tgz#c52a99d4fe01049102d47dc45d40cbde4f720ab6"
+  integrity sha512-xUNRvNmCl3UGCPbbHvfyFMnpvLPoOjDCcp5bT9m2k+TF/ZBklEQwhPZlkrxRx2NhgFh1X3a5uL7mJ7ZR+8G7Qg==
+
+"@react-native/polyfills@2.0.0":
+  version "2.0.0"
+  resolved "https://registry.yarnpkg.com/@react-native/polyfills/-/polyfills-2.0.0.tgz#4c40b74655c83982c8cf47530ee7dc13d957b6aa"
+  integrity sha512-K0aGNn1TjalKj+65D7ycc1//H9roAQ51GJVk5ZJQFb2teECGmzd86bYDC0aYdbRf7gtovescq4Zt6FR0tgXiHQ==
+
 "@reactions/component@^2.0.2":
   version "2.0.2"
   resolved "https://registry.yarnpkg.com/@reactions/component/-/component-2.0.2.tgz#40f8c1c2c37baabe57a0c944edb9310dc1ec6642"
@@ -5583,6 +5603,15 @@ react-is@^16.8.1, react-is@^16.8.4:
   resolved "https://registry.yarnpkg.com/react-is/-/react-is-16.13.1.tgz#789729a4dc36de2999dc156dd6c1d9c18cea56a4"
   integrity sha512-24e6ynE2H+OKt4kqsOvNd8kBpV65zoxbA4BVsEOB3ARVWQki/DHzaUoC5KuON/BiccDaCCTZBuOcfZs70kR8bQ==
 
+react-native-codegen@^0.0.7:
+  version "0.0.7"
+  resolved "https://registry.yarnpkg.com/react-native-codegen/-/react-native-codegen-0.0.7.tgz#86651c5c5fec67a8077ef7f4e36f7ed459043e14"
+  integrity sha512-dwNgR8zJ3ALr480QnAmpTiqvFo+rDtq6V5oCggKhYFlRjzOmVSFn3YD41u8ltvKS5G2nQ8gCs2vReFFnRGLYng==
+  dependencies:
+    flow-parser "^0.121.0"
+    jscodeshift "^0.11.0"
+    nullthrows "^1.1.1"
+
 react-refresh@^0.4.0:
   version "0.4.0"
   resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.4.0.tgz#d421f9bd65e0e4b9822a399f14ac56bda9c92292"
@@ -6182,13 +6211,6 @@ source-map-resolve@^0.5.0:
     source-map-url "^0.4.0"
     urix "^0.1.0"
 
-source-map-support@0.5.0:
-  version "0.5.0"
-  resolved "https://registry.yarnpkg.com/source-map-support/-/source-map-support-0.5.0.tgz#2018a7ad2bdf8faf2691e5fddab26bed5a2bacab"
-  integrity sha512-vUoN3I7fHQe0R/SJLKRdKYuEdRGogsviXFkHHo17AWaTGv17VLnxw+CFXvqy+y4ORZ3doWLQcxRYfwKrsd/H7Q==
-  dependencies:
-    source-map "^0.6.0"
-
 source-map-support@^0.5.16, source-map-support@^0.5.6:
   version "0.5.16"
   resolved "https://registry.yarnpkg.com/source-map-support/-/source-map-support-0.5.16.tgz#0ae069e7fe3ba7538c64c98515e35339eac5a042"