diff --git a/CHANGELOG b/CHANGELOG
index f35903d..b573eda 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,3 +1,17 @@
+2023-11-17 v3.7.1
+  This release includes several bug fixes. This release is ABI
+  compatible with the last release. See
+  https://aomedia.googlesource.com/aom/+log/v3.7.0..v3.7.1 for all the
+  commits in this release.
+
+  - Bug Fixes
+    * aomedia:3349: heap overflow when increasing resolution
+    * aomedia:3478: GCC 12.2.0 emits a -Wstringop-overflow warning on
+      aom/av1/encoder/motion_search_facade.c
+    * aomedia:3489: Detect encoder and image high bit depth mismatch
+    * aomedia:3491: heap-buffer-overflow on frame size change
+    * b/303023614:  Segfault at encoding time for high bit depth images
+
 2023-08-10 v3.7.0
   This release includes new codec interfaces, compression efficiency and
   perceptual improvements, speedup and memory optimizations and many bug fixes.
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 8f459f3..8e0b65f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -59,7 +59,7 @@
 #
 # We set SO_FILE_VERSION = [c-a].a.r
 set(LT_CURRENT 10)
-set(LT_REVISION 0)
+set(LT_REVISION 1)
 set(LT_AGE 7)
 math(EXPR SO_VERSION "${LT_CURRENT} - ${LT_AGE}")
 set(SO_FILE_VERSION "${SO_VERSION}.${LT_AGE}.${LT_REVISION}")