diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 25430effe891..4ee10afba52a 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.50.2
+current_version = 0.50.3
 commit = False
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-[a-z]+)?
diff --git a/docs/operator-guides/upgrading-airbyte.md b/docs/operator-guides/upgrading-airbyte.md
index b6bbc81c813a..e9b3c7af0ac6 100644
--- a/docs/operator-guides/upgrading-airbyte.md
+++ b/docs/operator-guides/upgrading-airbyte.md
@@ -117,7 +117,7 @@ If you are upgrading from (i.e. your current version of Airbyte is) Airbyte vers
    Here's an example of what it might look like with the values filled in. It assumes that the downloaded `airbyte_archive.tar.gz` is in `/tmp`.
 
    ```bash
-   docker run --rm -v /tmp:/config airbyte/migration:0.50.2 --\
+   docker run --rm -v /tmp:/config airbyte/migration:0.50.3 --\
    --input /config/airbyte_archive.tar.gz\
    --output /config/airbyte_archive_migrated.tar.gz
    ```
diff --git a/gradle.properties b/gradle.properties
index d963a07ab502..2b202ebdda57 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-VERSION=0.50.2
+VERSION=0.50.3
 
 # NOTE: some of these values are overwritten in CI!
 # NOTE: if you want to override this for your local machine, set overrides in ~/.gradle/gradle.properties
diff --git a/run-ab-platform.sh b/run-ab-platform.sh
index 17d5ea51b6e8..d36bcc2b44f2 100755
--- a/run-ab-platform.sh
+++ b/run-ab-platform.sh
@@ -1,6 +1,6 @@
 #!/bin/bash
 
-VERSION=0.50.2
+VERSION=0.50.3
 # Run away from anything even a little scary
 set -o nounset # -u exit if a variable is not set
 set -o errexit # -f exit for any command failure"