diff --git a/meson.build b/meson.build
index ce4748817..f1991d389 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('gnome-shell', 'c',
-  version: '40.alpha.1',
+  version: '40.beta',
   meson_version: '>= 0.53.0',
   license: 'GPLv2+'
 )
@@ -25,7 +25,7 @@ gio_req = '>= 2.56.0'
 gi_req = '>= 1.49.1'
 gjs_req = '>= 1.65.1'
 gtk_req = '>= 3.15.0'
-mutter_req = '>= 40.alpha.1.1'
+mutter_req = '>= 40.beta'
 polkit_req = '>= 0.100'
 schemas_req = '>= 3.33.1'
 startup_req = '>= 0.11'
diff --git a/subprojects/extensions-app/data/metainfo/org.gnome.Extensions.metainfo.xml.in b/subprojects/extensions-app/data/metainfo/org.gnome.Extensions.metainfo.xml.in
index 8d261b500..9f5c56a6f 100644
--- a/subprojects/extensions-app/data/metainfo/org.gnome.Extensions.metainfo.xml.in
+++ b/subprojects/extensions-app/data/metainfo/org.gnome.Extensions.metainfo.xml.in
@@ -39,7 +39,8 @@
   </description>
 
   <releases>
-    <release version="40.alpha.1" type="development" date="2020-12-22"/>
+    <release version="40.beta" type="development" date="2021-01-14"/>
+    <release version="40.alpha.1" type="development" date="2021-01-14"/>
     <release version="40.alpha" type="development" date="2020-12-02">
       <description>
         <p>It is now possible to search the list of installed extensions.</p>
diff --git a/subprojects/extensions-app/meson.build b/subprojects/extensions-app/meson.build
index 19eba7ecf..7a21acc7d 100644
--- a/subprojects/extensions-app/meson.build
+++ b/subprojects/extensions-app/meson.build
@@ -1,5 +1,5 @@
 project('gnome-extensions-app',
-  version: '40.alpha.1',
+  version: '40.beta',
   meson_version: '>= 0.53.0',
   license: 'GPLv2+'
 )
diff --git a/subprojects/extensions-tool/meson.build b/subprojects/extensions-tool/meson.build
index 18a38a023..824b1bbc4 100644
--- a/subprojects/extensions-tool/meson.build
+++ b/subprojects/extensions-tool/meson.build
@@ -1,5 +1,5 @@
 project('gnome-extensions-tool', 'c',
-  version: '40.alpha.1',
+  version: '40.beta',
   meson_version: '>= 0.53.0',
   license: 'GPLv2+'
 )
diff --git a/subprojects/shew/meson.build b/subprojects/shew/meson.build
index bfb419f62..304d2ab2d 100644
--- a/subprojects/shew/meson.build
+++ b/subprojects/shew/meson.build
@@ -1,5 +1,5 @@
 project('shew', 'c',
-  version: '40.alpha.1',
+  version: '40.beta',
   meson_version: '>= 0.53.0',
   license: 'LGPLv2+',
 )