diff --git a/packages/react-native/gradle/libs.versions.toml b/packages/react-native/gradle/libs.versions.toml
index 85876f065cd..e6b790892f9 100644
--- a/packages/react-native/gradle/libs.versions.toml
+++ b/packages/react-native/gradle/libs.versions.toml
@@ -16,7 +16,7 @@ assertj = "3.21.0"
 download = "5.4.0"
 fbjni = "0.5.1"
 flipper = "0.201.0"
-fresco = "3.0.0"
+fresco = "3.1.0"
 infer-annotation = "0.18.0"
 javax-inject = "1"
 jsr305 = "3.0.2"