diff --git a/python/ittapi.native/ittapi.cpp b/python/ittapi.native/ittapi.cpp
index b4f0401d..9c5a6fc7 100644
--- a/python/ittapi.native/ittapi.cpp
+++ b/python/ittapi.native/ittapi.cpp
@@ -42,7 +42,7 @@ static int exec_ittapi_module(PyObject* module)
     PyModule_AddFunctions(module, ittapi_functions);
 
     PyModule_AddStringConstant(module, "__author__", "Egor Suldin");
-    PyModule_AddStringConstant(module, "__version__", "1.2.1");
+    PyModule_AddStringConstant(module, "__version__", "1.2.2");
     PyModule_AddIntConstant(module, "year", 2026);
 
     return 0;
diff --git a/python/pyproject.toml b/python/pyproject.toml
index e8dac8ca..1c0b7395 100644
--- a/python/pyproject.toml
+++ b/python/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "ittapi"
-version = "1.2.1"
+version = "1.2.2"
 authors = [
   { name="Egor Suldin"},
 ]
diff --git a/python/setup.py b/python/setup.py
index cf03b8b8..b946a292 100644
--- a/python/setup.py
+++ b/python/setup.py
@@ -129,7 +129,7 @@ def build_extension(self, ext) -> None:
 
 
 setup(name='ittapi',
-      version='1.2.1',
+      version='1.2.2',
       description='ITT API bindings for Python',
       packages=['ittapi', 'ittapi/compat'],
       ext_modules=[ittapi_native],