diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8167506404..130086b594 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "4.12.0"
+  ".": "4.12.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c22902b7a6..e470e88a46 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## [4.12.1](https://github.com/shaka-project/shaka-player/compare/v4.12.0...v4.12.1) (2024-11-13)
+
+
+### Bug Fixes
+
+* **Ads:** Always set endTime for MPD Alternate ([#7583](https://github.com/shaka-project/shaka-player/issues/7583)) ([16580ea](https://github.com/shaka-project/shaka-player/commit/16580ea6f83bfcc7ddcddb8a138691c413b2a8f3))
+* Allow the user to disable subtitles while paused ([#7578](https://github.com/shaka-project/shaka-player/issues/7578)) ([f41c65d](https://github.com/shaka-project/shaka-player/commit/f41c65d83018e7c92d402c301612feaad1709f6f))
+* Disable live sync when the stream is paused ([#7579](https://github.com/shaka-project/shaka-player/issues/7579)) ([89267cc](https://github.com/shaka-project/shaka-player/commit/89267cc2c2feabe487402283d31d700b69b6a136))
+* Prefer SimpleTextDisplayer on iOS ([#7569](https://github.com/shaka-project/shaka-player/issues/7569)) ([bd2c9a7](https://github.com/shaka-project/shaka-player/commit/bd2c9a7f4b13ef7b7f08d030689dab341d1200ef))
+* **UI:** Use trickPlay method to control the playback rate ([#7580](https://github.com/shaka-project/shaka-player/issues/7580)) ([70c2fda](https://github.com/shaka-project/shaka-player/commit/70c2fdae89143efd9078042768053d080306b2f8))
+
 ## [4.12.0](https://github.com/shaka-project/shaka-player/compare/v4.11.0...v4.12.0) (2024-11-13)
 
 
diff --git a/lib/player.js b/lib/player.js
index be74743d74..1134f0e72e 100644
--- a/lib/player.js
+++ b/lib/player.js
@@ -8269,7 +8269,7 @@ shaka.Player.TYPICAL_BUFFERING_THRESHOLD_ = 0.5;
  * @export
  */
 // eslint-disable-next-line no-useless-concat, max-len
-shaka.Player.version = 'v4.12.0' + '-uncompiled';  // x-release-please-version
+shaka.Player.version = 'v4.12.1' + '-uncompiled';  // x-release-please-version
 
 // Initialize the deprecation system using the version string we just set
 // on the player.
diff --git a/package-lock.json b/package-lock.json
index 995d0e4042..a39a7dddf8 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "shaka-player",
-  "version": "4.12.0",
+  "version": "4.12.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "shaka-player",
-      "version": "4.12.0",
+      "version": "4.12.1",
       "license": "Apache-2.0",
       "dependencies": {
         "eme-encryption-scheme-polyfill": "^2.1.5"
diff --git a/package.json b/package.json
index 7290ec9bc8..4662f60122 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "shaka-player",
   "description": "DASH/EME video player library",
-  "version": "4.12.0",
+  "version": "4.12.1",
   "homepage": "https://github.com/shaka-project/shaka-player",
   "author": "Google",
   "maintainers": [