diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index bd971a0d7..df32f73b2 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -3,6 +3,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "4.42.1.dev0"
+version = __version__ = "4.42.1"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index 90e9cd3c3..e13e0aa12 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+4.42.1 (released 2023-08-20)
+----------------------------
+
 - [t1Lib] Fixed several Type 1 issues (#3238, #3240).
 - [otBase/packer] Allow sharing tables reached by different offset sizes (#3241, #3236).
 - [varLib/merger] Fix Cursive attachment merging error when all anchors are NULL (#3248, #3247).
diff --git a/setup.cfg b/setup.cfg
index 2ca1250bb..be7c66936 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.42.1.dev0
+current_version = 4.42.1
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 8ca264a38..ee0a98858 100755
--- a/setup.py
+++ b/setup.py
@@ -467,7 +467,7 @@ if ext_modules:
 
 setup_params = dict(
     name="fonttools",
-    version="4.42.1.dev0",
+    version="4.42.1",
     description="Tools to manipulate font files",
     author="Just van Rossum",
     author_email="just@letterror.com",