diff --git a/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.hash b/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.hash
index 2874d955f4..5a413cd350 100644
--- a/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.hash
+++ b/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.hash
@@ -1,3 +1,3 @@
-# From https://gstreamer.freedesktop.org/src/gst-plugins-bad/gst-plugins-bad-1.20.1.tar.xz.sha256sum
-sha256  09d3c2cf5911f0bc7da6bf557a55251779243d3de216b6a26cc90c445b423848  gst-plugins-bad-1.20.1.tar.xz
+# From https://gstreamer.freedesktop.org/src/gst-plugins-bad/gst-plugins-bad-1.20.3.tar.xz.sha256sum
+sha256  7a11c13b55dd1d2386dd902219e41cbfcdda8e1e0aa3e738186c95074b35da4f  gst-plugins-bad-1.20.3.tar.xz
 sha256  dc626520dcd53a22f727af3ee42c770e56c97a64fe3adb063799d8ab032fe551  COPYING
diff --git a/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.mk b/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.mk
index 343a53a3c5..57974d723a 100644
--- a/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.mk
+++ b/package/gstreamer1/gst1-plugins-bad/gst1-plugins-bad.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GST1_PLUGINS_BAD_VERSION = 1.20.1
+GST1_PLUGINS_BAD_VERSION = 1.20.3
 GST1_PLUGINS_BAD_SOURCE = gst-plugins-bad-$(GST1_PLUGINS_BAD_VERSION).tar.xz
 GST1_PLUGINS_BAD_SITE = https://gstreamer.freedesktop.org/src/gst-plugins-bad
 GST1_PLUGINS_BAD_INSTALL_STAGING = YES