diff --git a/graphics/libplacebo/Makefile b/graphics/libplacebo/Makefile
index cacf49c78c4d..0192e73a4982 100644
--- a/graphics/libplacebo/Makefile
+++ b/graphics/libplacebo/Makefile
@@ -1,7 +1,7 @@
 
 PORTNAME=	libplacebo
 DISTVERSIONPREFIX=	v
-DISTVERSION=	3.120.2
+DISTVERSION=	3.120.3
 CATEGORIES=	graphics
 
 MAINTAINER=	jbeich@FreeBSD.org
diff --git a/graphics/libplacebo/distinfo b/graphics/libplacebo/distinfo
index 0ee5744b640e..e0a82c279c3c 100644
--- a/graphics/libplacebo/distinfo
+++ b/graphics/libplacebo/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1618820066
-SHA256 (haasn-libplacebo-v3.120.2_GH0.tar.gz) = 2105d431c2d1c8dbe3b51895364836086cc5edbcc3c195e8944c4b362484244d
-SIZE (haasn-libplacebo-v3.120.2_GH0.tar.gz) = 523646
+TIMESTAMP = 1620380656
+SHA256 (haasn-libplacebo-v3.120.3_GH0.tar.gz) = aeea8edb38af8034fa592f7c028aa612823707087db32e11908ba8ce72a9f419
+SIZE (haasn-libplacebo-v3.120.3_GH0.tar.gz) = 523726