diff --git a/NEWS b/NEWS
index c4191123a9..64fc007fab 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,6 @@
+Overview of Changes in GTK+ 3.24.38, xx-xx-xxxx
+===============================================
+
 Overview of Changes in GTK+ 3.24.37, 02-03-2023
 ===============================================
 
diff --git a/meson.build b/meson.build
index 5444fa112e..0f73529358 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gtk+', 'c',
-  version: '3.24.37',
+  version: '3.24.38',
   default_options: [
     'buildtype=debugoptimized',
     'warning_level=1'