diff --git a/package/gstreamer1/gstreamer1/gstreamer1.hash b/package/gstreamer1/gstreamer1/gstreamer1.hash
index 128bb564d4..5daadfae74 100644
--- a/package/gstreamer1/gstreamer1/gstreamer1.hash
+++ b/package/gstreamer1/gstreamer1/gstreamer1.hash
@@ -1,3 +1,3 @@
-# From https://gstreamer.freedesktop.org/src/gstreamer/gstreamer-1.20.1.tar.xz.sha256sum
-sha256  de094a404a3ad8f4977829ea87edf695a4da0b5c8f613ebe54ab414bac89f031  gstreamer-1.20.1.tar.xz
+# From https://gstreamer.freedesktop.org/src/gstreamer/gstreamer-1.20.3.tar.xz.sha256sum
+sha256  607daf64bbbd5fb18af9d17e21c0d22c4d702fffe83b23cb22d1b1af2ca23a2a  gstreamer-1.20.3.tar.xz
 sha256  ad2eec519ebd4b5df86ea84dff24ae3bfa2edea846a703b58902dd221ae375db  COPYING
diff --git a/package/gstreamer1/gstreamer1/gstreamer1.mk b/package/gstreamer1/gstreamer1/gstreamer1.mk
index 995c5b118b..89d5f93d43 100644
--- a/package/gstreamer1/gstreamer1/gstreamer1.mk
+++ b/package/gstreamer1/gstreamer1/gstreamer1.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GSTREAMER1_VERSION = 1.20.1
+GSTREAMER1_VERSION = 1.20.3
 GSTREAMER1_SOURCE = gstreamer-$(GSTREAMER1_VERSION).tar.xz
 GSTREAMER1_SITE = https://gstreamer.freedesktop.org/src/gstreamer
 GSTREAMER1_INSTALL_STAGING = YES