diff --git a/CHANGES.rst b/CHANGES.rst
index 96d09c2b2..67c1a599a 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -6,6 +6,9 @@ PRAW follows `semantic versioning <https://semver.org/>`_.
 Unreleased
 ----------
 
+7.8.0 (2024/10/20)
+------------------
+
 **Added**
 
 - :meth:`~.SubredditLinkFlairTemplates.reorder` to reorder a subreddit's link flair
diff --git a/praw/const.py b/praw/const.py
index bd1634eb8..bac874603 100644
--- a/praw/const.py
+++ b/praw/const.py
@@ -2,7 +2,7 @@
 
 from .endpoints import API_PATH  # noqa: F401
 
-__version__ = "7.7.2.dev0"
+__version__ = "7.8.1.dev0"
 
 USER_AGENT_FORMAT = f"{{}} PRAW/{__version__}"