diff --git a/package/gstreamer1/gst1-plugins-base/gst1-plugins-base.mk b/package/gstreamer1/gst1-plugins-base/gst1-plugins-base.mk
index 4cb84634cf..72e4514821 100644
--- a/package/gstreamer1/gst1-plugins-base/gst1-plugins-base.mk
+++ b/package/gstreamer1/gst1-plugins-base/gst1-plugins-base.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-GST1_PLUGINS_BASE_VERSION = 1.2.2
+GST1_PLUGINS_BASE_VERSION = 1.2.3
 GST1_PLUGINS_BASE_SOURCE = gst-plugins-base-$(GST1_PLUGINS_BASE_VERSION).tar.xz
 GST1_PLUGINS_BASE_SITE = http://gstreamer.freedesktop.org/src/gst-plugins-base
 GST1_PLUGINS_BASE_INSTALL_STAGING = YES