diff --git a/src/azure-cli-core/HISTORY.rst b/src/azure-cli-core/HISTORY.rst
index 74e1f509d21..f0384c2a895 100644
--- a/src/azure-cli-core/HISTORY.rst
+++ b/src/azure-cli-core/HISTORY.rst
@@ -3,6 +3,10 @@
 Release History
 ===============
 
+2.33.1
+++++++
+* No changes
+
 2.33.0
 ++++++
 * Drop `--query-examples` global argument (#20962)
diff --git a/src/azure-cli-core/azure/cli/core/__init__.py b/src/azure-cli-core/azure/cli/core/__init__.py
index 78acb78ff2e..5476a4b33aa 100644
--- a/src/azure-cli-core/azure/cli/core/__init__.py
+++ b/src/azure-cli-core/azure/cli/core/__init__.py
@@ -4,7 +4,7 @@
 # --------------------------------------------------------------------------------------------
 # pylint: disable=line-too-long
 
-__version__ = "2.33.0"
+__version__ = "2.33.1"
 
 import os
 import sys
diff --git a/src/azure-cli-core/setup.py b/src/azure-cli-core/setup.py
index 7aa553e2d84..f3b7e87ee0b 100644
--- a/src/azure-cli-core/setup.py
+++ b/src/azure-cli-core/setup.py
@@ -8,7 +8,7 @@
 from codecs import open
 from setuptools import setup, find_packages
 
-VERSION = "2.33.0"
+VERSION = "2.33.1"
 
 # If we have source, validate that our version numbers match
 # This should prevent uploading releases with mismatched versions.
diff --git a/src/azure-cli/HISTORY.rst b/src/azure-cli/HISTORY.rst
index 73f6b527d71..c01a65f0b94 100644
--- a/src/azure-cli/HISTORY.rst
+++ b/src/azure-cli/HISTORY.rst
@@ -3,6 +3,17 @@
 Release History
 ===============
 
+2.33.1
+++++++
+
+**Compute**
+
+* Hotfix: Fix #21224: Fix the issue that VMCustomization is not enabled (#21241)
+
+**Packaging**
+
+* [BREAKING CHANGE] Drop jmespath-terminal from docker image (#21277)
+
 2.33.0
 ++++++
 
diff --git a/src/azure-cli/azure/cli/__main__.py b/src/azure-cli/azure/cli/__main__.py
index b26c3c7c8ca..d2465326af7 100644
--- a/src/azure-cli/azure/cli/__main__.py
+++ b/src/azure-cli/azure/cli/__main__.py
@@ -17,7 +17,7 @@
 from knack.log import get_logger
 
 __author__ = "Microsoft Corporation <python@microsoft.com>"
-__version__ = "2.33.0"
+__version__ = "2.33.1"
 
 
 # A workaround for https://bugs.python.org/issue32502 (https://github.com/Azure/azure-cli/issues/5184)
diff --git a/src/azure-cli/requirements.py3.Darwin.txt b/src/azure-cli/requirements.py3.Darwin.txt
index 6055977277b..27f5fdcb607 100644
--- a/src/azure-cli/requirements.py3.Darwin.txt
+++ b/src/azure-cli/requirements.py3.Darwin.txt
@@ -4,9 +4,9 @@ argcomplete==1.11.1
 asn1crypto==0.24.0
 azure-appconfiguration==1.1.1
 azure-batch==11.0.0
-azure-cli-core==2.33.0
+azure-cli-core==2.33.1
 azure-cli-telemetry==1.0.6
-azure-cli==2.33.0
+azure-cli==2.33.1
 azure-common==1.1.22
 azure-core==1.21.1
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/requirements.py3.Linux.txt b/src/azure-cli/requirements.py3.Linux.txt
index b9225fb64d0..8f395e44f02 100644
--- a/src/azure-cli/requirements.py3.Linux.txt
+++ b/src/azure-cli/requirements.py3.Linux.txt
@@ -4,9 +4,9 @@ argcomplete==1.11.1
 asn1crypto==0.24.0
 azure-appconfiguration==1.1.1
 azure-batch==11.0.0
-azure-cli-core==2.33.0
+azure-cli-core==2.33.1
 azure-cli-telemetry==1.0.6
-azure-cli==2.33.0
+azure-cli==2.33.1
 azure-common==1.1.22
 azure-core==1.21.1
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/requirements.py3.windows.txt b/src/azure-cli/requirements.py3.windows.txt
index c0bd2da9186..4a5e9fa5d3f 100644
--- a/src/azure-cli/requirements.py3.windows.txt
+++ b/src/azure-cli/requirements.py3.windows.txt
@@ -4,9 +4,9 @@ argcomplete==1.11.1
 asn1crypto==0.24.0
 azure-appconfiguration==1.1.1
 azure-batch==11.0.0
-azure-cli-core==2.33.0
+azure-cli-core==2.33.1
 azure-cli-telemetry==1.0.6
-azure-cli==2.33.0
+azure-cli==2.33.1
 azure-common==1.1.22
 azure-core==1.21.1
 azure-cosmos==3.2.0
diff --git a/src/azure-cli/setup.py b/src/azure-cli/setup.py
index 37f9031b6ce..36ea4f4a146 100644
--- a/src/azure-cli/setup.py
+++ b/src/azure-cli/setup.py
@@ -17,7 +17,7 @@
     logger.warn("Wheel is not available, disabling bdist_wheel hook")
     cmdclass = {}
 
-VERSION = "2.33.0"
+VERSION = "2.33.1"
 # If we have source, validate that our version numbers match
 # This should prevent uploading releases with mismatched versions.
 try: