diff --git a/packages/compress/libarchive/package.mk b/packages/compress/libarchive/package.mk
index f4f6f563ad..08eb1fe004 100644
--- a/packages/compress/libarchive/package.mk
+++ b/packages/compress/libarchive/package.mk
@@ -2,11 +2,11 @@
 # Copyright (C) 2017-present Team LibreELEC (https://libreelec.tv)
 
 PKG_NAME="libarchive"
-PKG_VERSION="3.4.2"
-PKG_SHA256="b60d58d12632ecf1e8fad7316dc82c6b9738a35625746b47ecdcaf4aed176176"
+PKG_VERSION="3.5.0"
+PKG_SHA256="245bff9d17e78986bf9716eb887e3bc731d7fd8e5d04efebb8bb1e1c39a3a354"
 PKG_LICENSE="GPL"
 PKG_SITE="https://www.libarchive.org"
-PKG_URL="https://www.libarchive.org/downloads/$PKG_NAME-$PKG_VERSION.tar.gz"
+PKG_URL="https://www.libarchive.org/downloads/$PKG_NAME-$PKG_VERSION.tar.xz"
 PKG_DEPENDS_HOST="toolchain:host"
 PKG_DEPENDS_TARGET="toolchain"
 PKG_SHORTDESC="A multi-format archive and compression library."