diff --git a/ChangeLog b/ChangeLog
index b57ff4716a8..e9bc92b7162 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,26 @@
+2020.01.24, Version 1.34.2 (Stable)
+
+Changes since version 1.34.1:
+
+* misc: adjust stalebot deadlines (Jameson Nash)
+
+* test: fix env-vars flakiness (cjihrig)
+
+* test: avoid truncating output lines (Jameson Nash)
+
+* darwin: stop calling SetApplicationIsDaemon() (Ben Noordhuis)
+
+* ibmi: implement uv_interface_addresses() (Xu Meng)
+
+* osx,fsevent: fix race during uv_loop_close (Jameson Nash)
+
+* osx,fsevent: clear pointer when deleting it [NFCI] (Jameson Nash)
+
+* Revert "aix: replace ECONNRESET with EOF if already closed" (Jameson Nash)
+
+* unix: handle uv__open_cloexec return value correctly (Anna Henningsen)
+
+
 2020.01.13, Version 1.34.1 (Stable), 8aa5636ec72990bb2856f81e14c95813024a5c2b
 
 Changes since version 1.34.0:
diff --git a/configure.ac b/configure.ac
index ea7fea90125..fba960b6b33 100644
--- a/configure.ac
+++ b/configure.ac
@@ -13,7 +13,7 @@
 # OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SOFTWARE.
 
 AC_PREREQ(2.57)
-AC_INIT([libuv], [1.34.1], [https://github.com/libuv/libuv/issues])
+AC_INIT([libuv], [1.34.2], [https://github.com/libuv/libuv/issues])
 AC_CONFIG_MACRO_DIR([m4])
 m4_include([m4/libuv-extra-automake-flags.m4])
 m4_include([m4/as_case.m4])
diff --git a/include/uv/version.h b/include/uv/version.h
index 25e8d9f0e12..623ca3ef2cb 100644
--- a/include/uv/version.h
+++ b/include/uv/version.h
@@ -33,8 +33,8 @@
 #define UV_VERSION_MAJOR 1
 #define UV_VERSION_MINOR 34
 #define UV_VERSION_PATCH 2
-#define UV_VERSION_IS_RELEASE 0
-#define UV_VERSION_SUFFIX "dev"
+#define UV_VERSION_IS_RELEASE 1
+#define UV_VERSION_SUFFIX ""
 
 #define UV_VERSION_HEX  ((UV_VERSION_MAJOR << 16) | \
                          (UV_VERSION_MINOR <<  8) | \