diff --git a/CMakeLists.txt b/CMakeLists.txt
index e78656a..d114a84 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -15,7 +15,7 @@ set(WPE_API_VERSION "1.0")
 # - If binary compatibility has been broken (eg removed or changed interfaces)
 #   change to C+1:0:0
 # - If the interface is the same as the previous version, change to C:R+1:A
-calculate_library_versions_from_libtool_triple(LIBWPE 10 2 9)
+calculate_library_versions_from_libtool_triple(LIBWPE 10 3 9)
 
 project(libwpe VERSION "${PROJECT_VERSION}")
 
diff --git a/NEWS b/NEWS
index 5a9d32c..1d544fa 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,9 @@
+=======================
+1.16.0 - March 21, 2024
+=======================
+
+- This version does not contain changes over the 1.15.2 development release.
+
 =========================
 1.15.2 - January 25, 2024
 =========================
diff --git a/include/wpe/libwpe-version.h b/include/wpe/libwpe-version.h
index 7169e5a..b0593a4 100644
--- a/include/wpe/libwpe-version.h
+++ b/include/wpe/libwpe-version.h
@@ -28,7 +28,7 @@
 #define LIBWPE_VERSION_H
 
 #define WPE_MAJOR_VERSION 1
-#define WPE_MINOR_VERSION 15
-#define WPE_MICRO_VERSION 2
+#define WPE_MINOR_VERSION 16
+#define WPE_MICRO_VERSION 0
 
 #endif /* !LIBWPE_VERSION_H */
diff --git a/meson.build b/meson.build
index dbf57b9..21deb6c 100644
--- a/meson.build
+++ b/meson.build
@@ -21,7 +21,7 @@ api_version = '1.0'
 # - If binary compatibility has been broken (eg removed or changed interfaces)
 #   change to [C+1, 0, 0]
 # - If the interface is the same as the previous version, use [C, R+1, A].
-soversion = [10, 2, 9]
+soversion = [10, 3, 9]
 
 # Mangle [C, R, A] into an actual usable *soversion*.
 soversion_major = soversion[0] - soversion[2]  # Current-Age