diff --git a/NEWS b/NEWS
index febb48413..aa41e4b55 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,34 @@
+3.33.4
+======
+* Discard page flip retries on hotplug [Jonas; !630]
+* Add xdg-output v2 support [Olivier; #645]
+* Restore DRM format fallbacks [Jonas; !662]
+* Don't emit ::size-changed when only position changed [Daniel; !568]
+* Expose workspace layout properties [Florian; !618]
+* Don't use grab modifiers when shortcuts are inhibited [Olivier; #642]
+* Fix stuttering due to unchanged power save mode notifications [Georges; !674]
+* Add API to reorder workspaces [Adam; !670]
+* Make picking a new focus window more reliable [Marco; !669]
+* Defer actor allocation till shown [Carlos; !677]
+* Try to use primary GPU for copy instead of glReadPixels [Pekka; !615]
+* Unset pointer focus when the cursor is hidden [Jonas D.; !448]
+* Fix modifier-drag on wayland subsurfaces [Robert; !604]
+* Fix background corruption on Nvidia after resuming from suspend [Daniel; !600]
+* Only grab the locate-pointer key when necessary [Olivier; !685, #647]
+* Misc. bug fixes and cleanups [Florian, Jonas, Daniel, Robert, Olivier,
+  Georges, Marco, Carlos, Emmanuele; !648, !650, !647, !656, !658, !637,
+  !663, !660, !659, !665, !666, !668, !667, #667, !676, !678, #672, !680,
+  !683, !688, !689, !687]
+
+Contributors:
+  Jonas Ådahl, Emmanuele Bassi, Adam Bieńkowski, Piotr Drąg, Jonas Dreßler,
+  Olivier Fourdan, Carlos Garnacho, Robert Mader, Florian Müllner,
+  Georges Basile Stavracas Neto, Pekka Paalanen, Marco Trevisan (Treviño),
+  Daniel van Vugt
+
+Translators:
+  Fabio Tomat [fur], Kukuh Syafaat [id]
+
 3.33.3
 ======
 * Prepare for running Xwayland on demand [Carlos; !420]
diff --git a/meson.build b/meson.build
index d01b42c19..6b8275662 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('mutter', 'c',
-  version: '3.33.3',
+  version: '3.33.4',
   meson_version: '>= 0.50.0',
   license: 'GPLv2+'
 )