diff --git a/NEWS b/NEWS
index 70a703189..3d8954b98 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,14 @@
+3.27.1
+======
+* Fix using icon-name strings with PopupImageMenuItems [Florian; #789018]
+* Misc. bug fixes [Jonas, Florian; #788607, #788943]
+
+Contributors:
+  Jonas Ådahl, Florian Müllner
+
+Translations:
+  Xavi Ivars [ca@valencia], Matej Urbančič [sl], Fabio Tomat [fur]
+
 3.26.1
 ======
 * Don't detach launched apps to not break pkexec and friends [Florian; #763531]
diff --git a/meson.build b/meson.build
index 27dc825d5..48771ebd7 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gnome-shell', 'c',
-  version: '3.26.1',
+  version: '3.27.1',
   meson_version: '>= 0.42.0',
   license: 'GPLv2+'
 )