diff --git a/React.podspec b/React.podspec
index d11b20aab90..bbe1774d08a 100644
--- a/React.podspec
+++ b/React.podspec
@@ -4,7 +4,7 @@ package = JSON.parse(File.read(File.join(__dir__, "package.json")))
 
 Pod::Spec.new do |s|
   s.name                    = "React"
-  s.version             = "0.42.0"
+  s.version             = "0.42.1"
   s.summary                 = package["description"]
   s.description             = <<-DESC
                                 React Native apps are built using the React JS
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 3d2077a540e..00d20566d4d 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.42.0
+VERSION_NAME=0.42.1
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/package.json b/package.json
index bac5acd583c..2dc88d2f8f0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.42.0",
+  "version": "0.42.1",
   "description": "A framework for building native apps using React",
   "license": "BSD-3-Clause",
   "repository": {