diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index b5e91573..ce65b73e 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "5.2.0"
+  ".": "5.3.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 52841a31..9806cc98 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to the LaunchDarkly Android SDK will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [5.3.0](https://github.com/launchdarkly/android-client-sdk/compare/5.2.0...5.3.0) (2024-05-13)
+
+
+### Features
+
+* improved streaming behavior by decreasing maximum retry interval ([#268](https://github.com/launchdarkly/android-client-sdk/issues/268)) ([81f1912](https://github.com/launchdarkly/android-client-sdk/commit/81f19124b03c1520b016526c619eb4d9287a9de9))
+
 ## [5.2.0](https://github.com/launchdarkly/android-client-sdk/compare/5.1.1...5.2.0) (2024-04-25)
 
 
diff --git a/gradle.properties b/gradle.properties
index 95e80a0c..b4e52d02 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -18,7 +18,7 @@
 # org.gradle.parallel=true
 
 #x-release-please-start-version
-version=5.2.0
+version=5.3.0
 #x-release-please-end
 
 sonatypeUsername=