diff --git a/mailpoet/CHANGELOG.md b/mailpoet/CHANGELOG.md
index 8c1f436fda..ced0ecb420 100644
--- a/mailpoet/CHANGELOG.md
+++ b/mailpoet/CHANGELOG.md
@@ -1,6 +1,6 @@
 == Changelog ==
 
-= 4.59.0 - 2024-08-19 =
+= 5.0.0 - 2024-08-19 =
 
 - Changed: replaced PDO database connection in favor of WordPress's native wpdb;
 - Fixed: dual buttons in MS Outlook;
diff --git a/mailpoet/mailpoet.php b/mailpoet/mailpoet.php
index d2d122976e..9aae6b701d 100644
--- a/mailpoet/mailpoet.php
+++ b/mailpoet/mailpoet.php
@@ -2,7 +2,7 @@
 
 /*
  * Plugin Name: MailPoet
- * Version: 4.59.0
+ * Version: 5.0.0
  * Plugin URI: https://www.mailpoet.com
  * Description: Create and send newsletters, post notifications and welcome emails from your WordPress.
  * Author: MailPoet
@@ -20,7 +20,7 @@
  */
 
 $mailpoetPlugin = [
-  'version' => '4.59.0',
+  'version' => '5.0.0',
   'filename' => __FILE__,
   'path' => dirname(__FILE__),
   'autoloader' => dirname(__FILE__) . '/vendor/autoload.php',
diff --git a/mailpoet/readme.txt b/mailpoet/readme.txt
index d52c7d854c..87bd545cc5 100644
--- a/mailpoet/readme.txt
+++ b/mailpoet/readme.txt
@@ -3,7 +3,7 @@ Contributors: mailpoet, woocommerce, automattic
 Tags: email marketing, post notification, woocommerce emails, email automation, newsletter
 Requires at least: 6.5
 Tested up to: 6.6
-Stable tag: 4.59.0
+Stable tag: 5.0.0
 Requires PHP: 7.4
 License: GPLv3
 License URI: https://www.gnu.org/licenses/gpl-3.0.html
@@ -229,7 +229,7 @@ Check our [Knowledge Base](https://kb.mailpoet.com) or contact us through our [s
 
 == Changelog ==
 
-= 4.59.0 - 2024-08-19 =
+= 5.0.0 - 2024-08-19 =
 * Changed: replaced PDO database connection in favor of WordPress's native wpdb;
 * Fixed: dual buttons in MS Outlook;
 * Fixed: false error notice about MSS connection for editor users.