diff --git a/CHANGELOG.md b/CHANGELOG.md
index d6421b73..324913f3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.2.3](https://github.com/googleapis/java-video-transcoder/compare/v1.2.2...v1.2.3) (2022-09-15)
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-shared-dependencies to v3.0.3 ([#380](https://github.com/googleapis/java-video-transcoder/issues/380)) ([225e15c](https://github.com/googleapis/java-video-transcoder/commit/225e15cb826777039ef5d737278c6cb7f7f768fc))
+
 ## [1.2.2](https://github.com/googleapis/java-video-transcoder/compare/v1.2.1...v1.2.2) (2022-09-09)
 
 
diff --git a/google-cloud-video-transcoder-bom/pom.xml b/google-cloud-video-transcoder-bom/pom.xml
index 2cd4e031..db57760c 100644
--- a/google-cloud-video-transcoder-bom/pom.xml
+++ b/google-cloud-video-transcoder-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-bom</artifactId>
-  <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -57,17 +57,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>1.2.3</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>1.2.3</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-video-transcoder/pom.xml b/google-cloud-video-transcoder/pom.xml
index 45c9d0fd..c5af3292 100644
--- a/google-cloud-video-transcoder/pom.xml
+++ b/google-cloud-video-transcoder/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder</artifactId>
-  <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <packaging>jar</packaging>
   <name>Google Video Transcoder</name>
   <url>https://github.com/googleapis/java-video-transcoder</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-video-transcoder</site.installationModule>
diff --git a/grpc-google-cloud-video-transcoder-v1/pom.xml b/grpc-google-cloud-video-transcoder-v1/pom.xml
index f8beada3..46e07c0c 100644
--- a/grpc-google-cloud-video-transcoder-v1/pom.xml
+++ b/grpc-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-  <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+  <version>1.2.3</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
   <name>grpc-google-cloud-video-transcoder-v1</name>
   <description>GRPC library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index db2338f9..40b8eade 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-video-transcoder-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+  <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   <name>Google Video Transcoder Parent</name>
   <url>https://github.com/googleapis/java-</url>
   <description>
@@ -61,17 +61,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-video-transcoder</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+        <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+        <version>1.2.3</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-video-transcoder-v1</artifactId>
-        <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
+        <version>1.2.3</version><!-- {x-version-update:grpc-google-cloud-video-transcoder-v1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-video-transcoder-v1/pom.xml b/proto-google-cloud-video-transcoder-v1/pom.xml
index 5f7accf8..9f53b8c9 100644
--- a/proto-google-cloud-video-transcoder-v1/pom.xml
+++ b/proto-google-cloud-video-transcoder-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-video-transcoder-v1</artifactId>
-  <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
+  <version>1.2.3</version><!-- {x-version-update:proto-google-cloud-video-transcoder-v1:current} -->
   <name>proto-google-cloud-video-transcoder-v1</name>
   <description>Proto library for google-cloud-video-transcoder</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-video-transcoder-parent</artifactId>
-    <version>1.2.3-SNAPSHOT</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
+    <version>1.2.3</version><!-- {x-version-update:google-cloud-video-transcoder:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index 26421894..ac8cd7ff 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-video-transcoder</artifactId>
-      <version>1.2.3-SNAPSHOT</version>
+      <version>1.2.3</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index 0d61ffa6..a6314ad8 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-video-transcoder:1.2.2:1.2.3-SNAPSHOT
-grpc-google-cloud-video-transcoder-v1:1.2.2:1.2.3-SNAPSHOT
-proto-google-cloud-video-transcoder-v1:1.2.2:1.2.3-SNAPSHOT
+google-cloud-video-transcoder:1.2.3:1.2.3
+grpc-google-cloud-video-transcoder-v1:1.2.3:1.2.3
+proto-google-cloud-video-transcoder-v1:1.2.3:1.2.3