diff --git a/.coveragerc b/.coveragerc
index ed14d33a5ae..e7fa4020f34 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -584,6 +584,7 @@ omit =
     homeassistant/components/lastfm/sensor.py
     homeassistant/components/launch_library/__init__.py
     homeassistant/components/launch_library/const.py
+    homeassistant/components/launch_library/diagnostics.py
     homeassistant/components/launch_library/sensor.py
     homeassistant/components/lcn/binary_sensor.py
     homeassistant/components/lcn/climate.py
diff --git a/homeassistant/components/launch_library/diagnostics.py b/homeassistant/components/launch_library/diagnostics.py
new file mode 100644
index 00000000000..18744e49b39
--- /dev/null
+++ b/homeassistant/components/launch_library/diagnostics.py
@@ -0,0 +1,24 @@
+"""Diagnostics support for Launch Library."""
+from __future__ import annotations
+
+from typing import Any
+
+from pylaunches.objects.launch import Launch
+
+from homeassistant.config_entries import ConfigEntry
+from homeassistant.core import HomeAssistant
+from homeassistant.helpers.update_coordinator import DataUpdateCoordinator
+
+from .const import DOMAIN
+
+
+async def async_get_config_entry_diagnostics(
+    hass: HomeAssistant,
+    entry: ConfigEntry,
+) -> dict[str, Any]:
+    """Return diagnostics for a config entry."""
+    coordinator: DataUpdateCoordinator[list[Launch]] = hass.data[DOMAIN]
+    next_launch = coordinator.data[0] if coordinator.data else None
+    return {
+        "next_launch": next_launch.raw_data_contents if next_launch else None,
+    }
diff --git a/homeassistant/components/launch_library/manifest.json b/homeassistant/components/launch_library/manifest.json
index 62e5ef18fcb..0b3a4194979 100644
--- a/homeassistant/components/launch_library/manifest.json
+++ b/homeassistant/components/launch_library/manifest.json
@@ -3,7 +3,7 @@
   "name": "Launch Library",
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/launch_library",
-  "requirements": ["pylaunches==1.2.1"],
+  "requirements": ["pylaunches==1.2.2"],
   "codeowners": ["@ludeeus", "@DurgNomis-drol"],
   "iot_class": "cloud_polling"
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 220dff799fb..d752b472a00 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1633,7 +1633,7 @@ pylacrosse==0.4
 pylast==4.2.1
 
 # homeassistant.components.launch_library
-pylaunches==1.2.1
+pylaunches==1.2.2
 
 # homeassistant.components.lg_netcast
 pylgnetcast==0.3.7
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 85ade4add0e..577efb3fc06 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1020,7 +1020,7 @@ pykulersky==0.5.2
 pylast==4.2.1
 
 # homeassistant.components.launch_library
-pylaunches==1.2.1
+pylaunches==1.2.2
 
 # homeassistant.components.forked_daapd
 pylibrespot-java==0.1.0