diff --git a/flow-typed/npm/pretty-format_v26.x.x.js b/flow-typed/npm/pretty-format_v26.x.x.js
deleted file mode 100644
index bd2c68334cffb3..00000000000000
--- a/flow-typed/npm/pretty-format_v26.x.x.js
+++ /dev/null
@@ -1,49 +0,0 @@
-/**
- * @flow strict
- * @format
- */
-
-type PrettyFormatPlugin =
-  | {
-      test: (value: mixed) => boolean,
-      print: (value: mixed) => string,
-    }
-  | {
-      test: (value: mixed) => boolean,
-      serialize: (value: mixed) => string,
-    };
-
-declare module 'pretty-format' {
-  declare module.exports: {
-    (
-      value: mixed,
-      options?: ?{
-        callToJSON?: ?boolean,
-        escapeRegex?: ?boolean,
-        escapeString?: ?boolean,
-        highlight?: ?boolean,
-        indent?: ?number,
-        maxDepth?: ?number,
-        min?: ?boolean,
-        plugins?: ?Array<PrettyFormatPlugin>,
-        printFunctionName?: ?boolean,
-        theme?: ?{
-          comment?: ?string,
-          prop?: ?string,
-          tag?: ?string,
-          value: ?string,
-        },
-      },
-    ): string,
-
-    plugins: {
-      AsymmetricMatcher: PrettyFormatPlugin,
-      ConvertAnsi: PrettyFormatPlugin,
-      DOMCollection: PrettyFormatPlugin,
-      DOMElement: PrettyFormatPlugin,
-      Immutable: PrettyFormatPlugin,
-      ReactElement: PrettyFormatPlugin,
-      ReactTestComponent: PrettyFormatPlugin,
-    },
-  };
-}
diff --git a/flow-typed/npm/pretty-format_v29.x.x.js b/flow-typed/npm/pretty-format_v29.x.x.js
new file mode 100644
index 00000000000000..fddcc13375d519
--- /dev/null
+++ b/flow-typed/npm/pretty-format_v29.x.x.js
@@ -0,0 +1,73 @@
+/**
+ * (c) Meta Platforms, Inc. and affiliates. Confidential and proprietary.
+ *
+ * @flow strict
+ * @format
+ * @oncall react_native
+ */
+declare type Print = (value: mixed) => string;
+declare type Indent = (value: string) => string;
+declare type PluginOptions = {
+  edgeSpacing: string,
+  min: boolean,
+  spacing: string,
+};
+declare type Colors = {
+  comment: {close: string; open: string},
+  content: {close: string; open: string},
+  prop: {close: string; open: string},
+  tag: {close: string; open: string},
+  value: {close: string; open: string},
+};
+declare type CompareKeys = ((a: string, b: string) => number) | null | void;
+
+declare type PrettyFormatPlugin =
+  | {
+      print: (
+        value: mixed,
+        print?: ?Print,
+        indent?: ?Indent,
+        options?: ?PluginOptions,
+        colors?: ?Colors,
+        ) => string,
+      test: (value: mixed) => boolean,
+    }
+  | {
+      serialize: (value: mixed) => string,
+      test: (value: mixed) => boolean,
+    };
+
+declare module 'pretty-format' {
+  declare export function format(
+    value: mixed,
+    options?: ?{
+      callToJSON?: ?boolean,
+      compareKeys?: CompareKeys,
+      escapeRegex?: ?boolean,
+      escapeString?: ?boolean,
+      highlight?: ?boolean,
+      indent?: ?number,
+      maxDepth?: ?number,
+      maxWidth?: ?number,
+      min?: ?boolean,
+      plugins?: ?Array<PrettyFormatPlugin>,
+      printBasicPrototype?: ?boolean,
+      printFunctionName?: ?boolean,
+      theme?: ?{
+        comment?: ?string,
+        content?: ?string,
+        prop?: ?string,
+        tag?: ?string,
+        value: ?string,
+      },
+    },
+  ): string;
+  declare export const plugins: {
+    AsymmetricMatcher: PrettyFormatPlugin,
+    DOMCollection: PrettyFormatPlugin,
+    DOMElement: PrettyFormatPlugin,
+    Immutable: PrettyFormatPlugin,
+    ReactElement: PrettyFormatPlugin,
+    ReactTestComponent: PrettyFormatPlugin,
+  };
+}
diff --git a/packages/react-native/Libraries/Utilities/HMRClient.js b/packages/react-native/Libraries/Utilities/HMRClient.js
index 8a772abfb8bc27..bed704f269c0c3 100644
--- a/packages/react-native/Libraries/Utilities/HMRClient.js
+++ b/packages/react-native/Libraries/Utilities/HMRClient.js
@@ -126,7 +126,7 @@ const HMRClient: HMRClientNativeInterface = {
           data: data.map(item =>
             typeof item === 'string'
               ? item
-              : prettyFormat(item, {
+              : prettyFormat.format(item, {
                   escapeString: true,
                   highlight: true,
                   maxDepth: 3,
diff --git a/packages/react-native/Libraries/promiseRejectionTrackingOptions.js b/packages/react-native/Libraries/promiseRejectionTrackingOptions.js
index 04e5d14bebddd6..5a12d2d300b3e4 100644
--- a/packages/react-native/Libraries/promiseRejectionTrackingOptions.js
+++ b/packages/react-native/Libraries/promiseRejectionTrackingOptions.js
@@ -27,7 +27,7 @@ let rejectionTrackingOptions: $NonMaybeType<Parameters<enable>[0]> = {
       stack = error.stack;
     } else {
       try {
-        message = require('pretty-format')(rejection);
+        message = require('pretty-format').format(rejection);
       } catch {
         message =
           typeof rejection === 'string'
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index de7c5d34c40c7c..709a4de0221e28 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -133,7 +133,7 @@
     "metro-source-map": "^0.80.3",
     "mkdirp": "^0.5.1",
     "nullthrows": "^1.1.1",
-    "pretty-format": "^26.5.2",
+    "pretty-format": "^29.7.0",
     "promise": "^8.3.0",
     "react-devtools-core": "^5.3.1",
     "react-refresh": "^0.14.0",
diff --git a/yarn.lock b/yarn.lock
index d9e65901938414..5c7cb5ab507124 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7399,7 +7399,7 @@ pretty-format@^24.9.0:
     ansi-styles "^3.2.0"
     react-is "^16.8.4"
 
-pretty-format@^26.5.2, pretty-format@^26.6.2:
+pretty-format@^26.6.2:
   version "26.6.2"
   resolved "https://registry.yarnpkg.com/pretty-format/-/pretty-format-26.6.2.tgz#e35c2705f14cb7fe2fe94fa078345b444120fc93"
   integrity sha512-7AeGuCYNGmycyQbCqd/3PWH4eOoX/OiCa0uphp57NVTeAGdJGaAliecxwBDHYQCIvrW7aDBZCYeNTP/WX69mkg==
@@ -7427,6 +7427,15 @@ pretty-format@^29.6.3:
     ansi-styles "^5.0.0"
     react-is "^18.0.0"
 
+pretty-format@^29.7.0:
+  version "29.7.0"
+  resolved "https://registry.yarnpkg.com/pretty-format/-/pretty-format-29.7.0.tgz#ca42c758310f365bfa71a0bda0a807160b776812"
+  integrity sha512-Pdlw/oPxN+aXdmM9R00JVC9WVFoCLTKJvDVLgmJ+qAffBMxsV85l/Lu7sNx4zSzPyoL2euImuEwHhOXdEgNFZQ==
+  dependencies:
+    "@jest/schemas" "^29.6.3"
+    ansi-styles "^5.0.0"
+    react-is "^18.0.0"
+
 prettyjson@^1.2.1:
   version "1.2.5"
   resolved "https://registry.yarnpkg.com/prettyjson/-/prettyjson-1.2.5.tgz#ef3cfffcc70505c032abc59785884b4027031835"