diff --git a/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash b/package/gstreamer1/gst1-vaapi/gst1-vaapi.hash
index 26a1f52ba0..fce687774a 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-1.20.1.tar.xz.sha256sum
-sha256  87fbf6c537af9079c99a9aefe951da119e16e5bcc9cc8614f5035f062bf21137  gstreamer-vaapi-1.20.1.tar.xz
+# From https://gstreamer.freedesktop.org/src/gstreamer-vaapi/gstreamer-vaapi-1.20.3.tar.xz.sha256sum
+sha256  6ee99eb316abdde9ad37002915bd8c3867918f6fdc74b7cf2ac4c1ae0d690b45  gstreamer-vaapi-1.20.3.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 e0502914b6..8b137c37ec 100644
--- a/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk
+++ b/package/gstreamer1/gst1-vaapi/gst1-vaapi.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GST1_VAAPI_VERSION = 1.20.1
+GST1_VAAPI_VERSION = 1.20.3
 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+