diff --git a/CHANGELOG.md b/CHANGELOG.md
index 53bf2dee0e3..87bc89fc0f3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ and this project does adheres to [Semantic Versioning](https://semver.org/spec/v
 
 ## [Unreleased]
 
+## [5.34.0] - 2023-11-12
+
+- Latest metadata updates from 11th November 2023.
+
 ## [5.33.0] - 2023-11-02
 
 - Latest metadata updates from 31st October 2023.
diff --git a/src/Microsoft.Graph/Microsoft.Graph.csproj b/src/Microsoft.Graph/Microsoft.Graph.csproj
index 80d76a4cc30..38b538593ba 100644
--- a/src/Microsoft.Graph/Microsoft.Graph.csproj
+++ b/src/Microsoft.Graph/Microsoft.Graph.csproj
@@ -22,7 +22,7 @@
     <DelaySign>false</DelaySign>
     <AssemblyOriginatorKeyFile>35MSSharedLib1024.snk</AssemblyOriginatorKeyFile>
     <AutoGenerateBindingRedirects>true</AutoGenerateBindingRedirects>
-    <VersionPrefix>5.33.0</VersionPrefix>
+    <VersionPrefix>5.34.0</VersionPrefix>
     <!-- VersionPrefix minor version should not be set when the change comes from the generator. It will be updated automatically. -->
     <!-- VersionPrefix minor version must be manually set when making manual changes to code. -->
     <!-- VersionPrefix major and patch versions must be manually set. -->