diff --git a/README.md b/README.md
index 7643b0c72..dc92be310 100644
--- a/README.md
+++ b/README.md
@@ -36,7 +36,7 @@ Snapshot and pre-release Maven artifacts are provided in the SpringSource snapsh
 To add this repo to your Gradle build, specify the URL like the following:
 
     ext {
-      reactorAddonsVersion = '3.4.6'
+      reactorAddonsVersion = '3.4.7'
     }
 
     repositories {
diff --git a/gradle.properties b/gradle.properties
index 9ad513347..d26d86743 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1 +1 @@
-version=3.4.7-SNAPSHOT
\ No newline at end of file
+version=3.4.7
\ No newline at end of file
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 87f61dbb8..40a469e01 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-reactorCore = "3.4.14-SNAPSHOT"
+reactorCore = "3.4.16"
 # Other shared versions
 kotlin = "1.5.32"
 reactiveStreams = "1.0.3"