diff --git a/Gemfile.lock b/Gemfile.lock
index 51e57e5f66dc13..30623abe2ea3a4 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -3,7 +3,7 @@ GEM
   specs:
     CFPropertyList (3.0.5)
       rexml
-    activesupport (6.1.5.1)
+    activesupport (6.1.6)
       concurrent-ruby (~> 1.0, >= 1.0.2)
       i18n (>= 1.6, < 2)
       minitest (>= 5.1)
diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 4f6d1d568601fe..e8093e56b85933 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -13,5 +13,5 @@ exports.version = {
   major: 0,
   minor: 69,
   patch: 0,
-  prerelease: 'rc.0',
+  prerelease: 'rc.1',
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index fd06f8ff07ea4b..c420018acfe91f 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -24,7 +24,7 @@
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(69),
                   RCTVersionPatch: @(0),
-                  RCTVersionPrerelease: @"rc.0",
+                  RCTVersionPrerelease: @"rc.1",
                   };
   });
   return __rnVersion;
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 4c1b85ebe2cc17..dfd0ff8fc3be7f 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.69.0-rc.0
+VERSION_NAME=0.69.0-rc.1
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index 95dc654b0a4c8f..b91d1b217e6161 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -18,5 +18,5 @@ public class ReactNativeVersion {
       "major", 0,
       "minor", 69,
       "patch", 0,
-      "prerelease", "rc.0");
+      "prerelease", "rc.1");
 }
diff --git a/ReactCommon/cxxreact/ReactNativeVersion.h b/ReactCommon/cxxreact/ReactNativeVersion.h
index 172e14c59717c2..6e7c32cd7631f6 100644
--- a/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -18,7 +18,7 @@ constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 69;
   int32_t Patch = 0;
-  std::string_view Prerelease = "rc.0";
+  std::string_view Prerelease = "rc.1";
 } ReactNativeVersion;
 
 } // namespace facebook::react
diff --git a/package.json b/package.json
index 3c6bb8810e2632..8794c66db031c8 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.69.0-rc.0",
+  "version": "0.69.0-rc.1",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
@@ -155,7 +155,7 @@
     "jest": "^26.6.3",
     "jest-junit": "^10.0.0",
     "jscodeshift": "^0.13.1",
-    "metro-babel-register": "0.70.1",
+    "metro-babel-register": "0.70.3",
     "mkdirp": "^0.5.1",
     "prettier": "^2.4.1",
     "shelljs": "^0.8.5",
diff --git a/template/package.json b/template/package.json
index 720dad35e9b8cb..1d2f985786c9d5 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.0.0",
-    "react-native": "0.69.0-rc.0"
+    "react-native": "0.69.0-rc.1"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",
diff --git a/yarn.lock b/yarn.lock
index 2b272b0adae75e..bddb78a1a1234b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4931,10 +4931,10 @@ merge2@^1.3.0:
   resolved "https://registry.yarnpkg.com/merge2/-/merge2-1.4.1.tgz#4368892f885e907455a6fd7dc55c0c9d404990ae"
   integrity sha512-8q7VEgMJW4J8tcfVPy8g09NcQwZdbwFEqhe/WZkoIzjn/3TGDwtOCYtXGxA3O8tPzpczCCDgv+P2P5y00ZJOOg==
 
-metro-babel-register@0.70.3:
-  version "0.70.3"
-  resolved "https://registry.yarnpkg.com/metro-babel-register/-/metro-babel-register-0.70.3.tgz#b51e881c7633f38decc9be2e25a46478af579047"
-  integrity sha512-ZrADEuqshCPxjPv6olM/5Hx5cOI7vnJ7DEvAIUaWRwdlonYt5lRA9hgXw8hYwwBYrclgPWW7waPdyICm70szzA==
+metro-babel-register@0.70.1:
+  version "0.70.1"
+  resolved "https://registry.yarnpkg.com/metro-babel-register/-/metro-babel-register-0.70.1.tgz#2adf5a239a7aee3f502ef323720c74120d362893"
+  integrity sha512-9hfTAmdTu8cKqL1Xbl/y3kz09fse0TzAqwE7SyNSo5j42U7C6ba0JdeRIy0MSpeLFAttC7E6/ctVE3fqHpzoVA==
   dependencies:
     "@babel/core" "^7.14.0"
     "@babel/plugin-proposal-nullish-coalescing-operator" "^7.0.0"