diff --git a/packages/react-devtools-core/package.json b/packages/react-devtools-core/package.json
index d132b21dd3294..0938fa6b2a120 100644
--- a/packages/react-devtools-core/package.json
+++ b/packages/react-devtools-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-devtools-core",
-  "version": "4.28.5",
+  "version": "5.0.0",
   "description": "Use react-devtools outside of the browser",
   "license": "MIT",
   "main": "./dist/backend.js",
diff --git a/packages/react-devtools-extensions/chrome/manifest.json b/packages/react-devtools-extensions/chrome/manifest.json
index dc524fb07787a..e41920febd57d 100644
--- a/packages/react-devtools-extensions/chrome/manifest.json
+++ b/packages/react-devtools-extensions/chrome/manifest.json
@@ -2,8 +2,8 @@
   "manifest_version": 3,
   "name": "React Developer Tools",
   "description": "Adds React debugging tools to the Chrome Developer Tools.",
-  "version": "4.28.5",
-  "version_name": "4.28.5",
+  "version": "5.0.0",
+  "version_name": "5.0.0",
   "minimum_chrome_version": "102",
   "icons": {
     "16": "icons/16-production.png",
diff --git a/packages/react-devtools-extensions/edge/manifest.json b/packages/react-devtools-extensions/edge/manifest.json
index 8729af14767bb..3abeefd840eab 100644
--- a/packages/react-devtools-extensions/edge/manifest.json
+++ b/packages/react-devtools-extensions/edge/manifest.json
@@ -2,8 +2,8 @@
   "manifest_version": 3,
   "name": "React Developer Tools",
   "description": "Adds React debugging tools to the Microsoft Edge Developer Tools.",
-  "version": "4.28.5",
-  "version_name": "4.28.5",
+  "version": "5.0.0",
+  "version_name": "5.0.0",
   "minimum_chrome_version": "102",
   "icons": {
     "16": "icons/16-production.png",
diff --git a/packages/react-devtools-extensions/firefox/manifest.json b/packages/react-devtools-extensions/firefox/manifest.json
index d03e7f0162873..bc585a871ec99 100644
--- a/packages/react-devtools-extensions/firefox/manifest.json
+++ b/packages/react-devtools-extensions/firefox/manifest.json
@@ -2,7 +2,7 @@
   "manifest_version": 2,
   "name": "React Developer Tools",
   "description": "Adds React debugging tools to the Firefox Developer Tools.",
-  "version": "4.28.5",
+  "version": "5.0.0",
   "applications": {
     "gecko": {
       "id": "@react-devtools",
diff --git a/packages/react-devtools-inline/package.json b/packages/react-devtools-inline/package.json
index 317467d15db5e..f59745bfdfd21 100644
--- a/packages/react-devtools-inline/package.json
+++ b/packages/react-devtools-inline/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-devtools-inline",
-  "version": "4.28.5",
+  "version": "5.0.0",
   "description": "Embed react-devtools within a website",
   "license": "MIT",
   "main": "./dist/backend.js",
diff --git a/packages/react-devtools-timeline/package.json b/packages/react-devtools-timeline/package.json
index 057bc9fd301f0..418e2197f9db0 100644
--- a/packages/react-devtools-timeline/package.json
+++ b/packages/react-devtools-timeline/package.json
@@ -1,7 +1,7 @@
 {
   "private": true,
   "name": "react-devtools-timeline",
-  "version": "4.28.5",
+  "version": "5.0.0",
   "license": "MIT",
   "dependencies": {
     "@elg/speedscope": "1.9.0-a6f84db",
diff --git a/packages/react-devtools/CHANGELOG.md b/packages/react-devtools/CHANGELOG.md
index 9f8ff581eadde..2e42cf76dfaba 100644
--- a/packages/react-devtools/CHANGELOG.md
+++ b/packages/react-devtools/CHANGELOG.md
@@ -4,6 +4,21 @@
 
 ---
 
+### 5.0.0
+November 29, 2023
+
+### Breaking
+* refactor[devtools]: highlight an array of elements for native ([hoxyq](https://github.com/hoxyq) in [#27734](https://github.com/facebook/react/pull/27734))
+
+### Features
+* feat[devtools]: display Forget badge for the relevant components ([hoxyq](https://github.com/hoxyq) in [#27709](https://github.com/facebook/react/pull/27709))
+
+### Other
+* Added windows powershell syntax to build scripts ([PrathamLalwani](https://github.com/PrathamLalwani) in [#27692](https://github.com/facebook/react/pull/27692))
+* refactor[react-devtools-shared]: minor parsing improvements and modifications ([hoxyq](https://github.com/hoxyq) in [#27661](https://github.com/facebook/react/pull/27661))
+
+---
+
 ### 4.28.5
 October 18, 2023
 
diff --git a/packages/react-devtools/package.json b/packages/react-devtools/package.json
index 506859262f418..7d74596d41100 100644
--- a/packages/react-devtools/package.json
+++ b/packages/react-devtools/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-devtools",
-  "version": "4.28.5",
+  "version": "5.0.0",
   "description": "Use react-devtools outside of the browser",
   "license": "MIT",
   "repository": {
@@ -27,7 +27,7 @@
     "electron": "^23.1.2",
     "ip": "^1.1.4",
     "minimist": "^1.2.3",
-    "react-devtools-core": "4.28.5",
+    "react-devtools-core": "5.0.0",
     "update-notifier": "^2.1.0"
   }
 }