diff --git a/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash b/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash
index f9bec2483a..fa8fe8e405 100644
--- a/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash
+++ b/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash
@@ -1,3 +1,3 @@
-# From https://gstreamer.freedesktop.org/src/gstreamer-vaapi/gstreamer-vaapi-1.16.2.tar.xz.sha256sum
-sha256 191de7b0ab64a85dd0875c990721e7be95518f60e2a9106beca162004ed7c601 gstreamer-vaapi-1.16.2.tar.xz
+# From https://gstreamer.freedesktop.org/src/gstreamer-vaapi/gstreamer-vaapi-1.16.3.tar.xz.sha256sum
+sha256 77200b3c183fe97cd987deb5544e615873cff5e98ec87573583771e5f1fb9ebe gstreamer-vaapi-1.16.3.tar.xz
 sha256 dc626520dcd53a22f727af3ee42c770e56c97a64fe3adb063799d8ab032fe551 COPYING.LIB
diff --git a/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk b/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk
index 00a6ec5e0e..01b884dca0 100644
--- a/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk
+++ b/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GST1_VAAPI_VERSION = 1.16.2
+GST1_VAAPI_VERSION = 1.16.3
 GST1_VAAPI_SITE = https://gstreamer.freedesktop.org/src/gstreamer-vaapi
 GST1_VAAPI_SOURCE = gstreamer-vaapi-$(GST1_VAAPI_VERSION).tar.xz
 GST1_VAAPI_LICENSE = LGPL-2.1+