diff --git a/pkgs/development/libraries/libwebp/default.nix b/pkgs/development/libraries/libwebp/default.nix
index f90de7fc6effe..48b91ffa159ca 100644
--- a/pkgs/development/libraries/libwebp/default.nix
+++ b/pkgs/development/libraries/libwebp/default.nix
@@ -15,13 +15,13 @@
 
 stdenv.mkDerivation rec {
   pname = "libwebp";
-  version = "1.2.2";
+  version = "1.2.3";
 
   src = fetchFromGitHub {
     owner  = "webmproject";
     repo   = pname;
     rev    = "v${version}";
-    hash   = "sha256-WF2HZPS7mbotk+d1oLM/JC5l/FWfkrk+T3Z6EW9oYEI=";
+    hash   = "sha256-t27d+eJR4iTHSLlI3J7RqHgsWACThjsI9O6R2Zb9F1g=";
   };
 
   prePatch = "patchShebangs .";