diff --git a/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.hash b/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.hash
index cccd07dd2d..81da41388f 100644
--- a/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.hash
+++ b/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.hash
@@ -1,3 +1,3 @@
-# From https://gstreamer.freedesktop.org/src/gst-plugins-good/gst-plugins-good-1.20.1.tar.xz.sha256sum
-sha256  3c66876f821d507bcdbebffb08b4f31a322727d6753f65a0f02c905ecb7084aa  gst-plugins-good-1.20.1.tar.xz
+# From https://gstreamer.freedesktop.org/src/gst-plugins-good/gst-plugins-good-1.20.3.tar.xz.sha256sum
+sha256  f8f3c206bf5cdabc00953920b47b3575af0ef15e9f871c0b6966f6d0aa5868b7  gst-plugins-good-1.20.3.tar.xz
 sha256  6095e9ffa777dd22839f7801aa845b31c9ed07f3d6bf8a26dc5d2dec8ccc0ef3  COPYING
diff --git a/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.mk b/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.mk
index 2b6cf769aa..61ffc7b989 100644
--- a/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.mk
+++ b/package/gstreamer1/gst1-plugins-good/gst1-plugins-good.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GST1_PLUGINS_GOOD_VERSION = 1.20.1
+GST1_PLUGINS_GOOD_VERSION = 1.20.3
 GST1_PLUGINS_GOOD_SOURCE = gst-plugins-good-$(GST1_PLUGINS_GOOD_VERSION).tar.xz
 GST1_PLUGINS_GOOD_SITE = https://gstreamer.freedesktop.org/src/gst-plugins-good
 GST1_PLUGINS_GOOD_LICENSE_FILES = COPYING