diff --git a/README.md b/README.md
index 5c92e1d..944ad67 100644
--- a/README.md
+++ b/README.md
@@ -13,7 +13,7 @@ The script also produces `ffmpeg` and `ffprobe` executables that can be used in
 
 The main focus of ffmpeg-android-maker is to prepare shared libraries for seamless integration into an Android project. The script prepares the `output` directory that is meant to be used. And it's not the only thing this project does.
 
-By default this script downloads and builds the FFmpeg **4.2.2**, but the version can be overridden.
+By default this script downloads and builds the FFmpeg **4.2.3**, but the version can be overridden.
 
 The details of how this script is implemented are described in this series of posts:
 * [Part 1](https://proandroiddev.com/a-story-about-ffmpeg-in-android-part-i-compilation-898e4a249422)
diff --git a/scripts/parse-arguments.sh b/scripts/parse-arguments.sh
index 0ab1d01..fd0d75e 100755
--- a/scripts/parse-arguments.sh
+++ b/scripts/parse-arguments.sh
@@ -9,7 +9,7 @@
 ABIS_TO_BUILD=()
 API_LEVEL=16
 SOURCE_TYPE=TAR
-SOURCE_VALUE=4.2.2
+SOURCE_VALUE=4.2.3
 BINUTILS=gnu
 EXTERNAL_LIBRARIES=()