diff --git a/playkit/version.gradle b/playkit/version.gradle
index d55857503..b9943f731 100644
--- a/playkit/version.gradle
+++ b/playkit/version.gradle
@@ -1,5 +1,5 @@
 // PlayKit Library Version
-ext.playkitVersion = 'dev'
+ext.playkitVersion = '5.0.0'
 
 // Append short commit hash to dev builds, i.e. "dev.a1b2c3d"
 if (playkitVersion == 'dev') {