diff --git a/docs/source/release_notes.rst b/docs/source/release_notes.rst
index a72f2b1ad0..7618e32262 100644
--- a/docs/source/release_notes.rst
+++ b/docs/source/release_notes.rst
@@ -1,7 +1,17 @@
 Release Notes
 -------------
-
 **Future Releases**
+    * Enhancements
+    * Fixes
+    * Changes
+    * Documentation Changes
+    * Testing Changes
+
+.. warning::
+
+    **Breaking Changes**
+
+**v0.50.0 Apr. 12, 2022**
     * Enhancements
         * Added ``TimeSeriesImputer`` component :pr:`3374`
         * Replaced ``pipeline_parameters`` and ``custom_hyperparameters`` with ``search_parameters`` in ``AutoMLSearch`` :pr:`3373`, :pr:`3427`
diff --git a/evalml/__init__.py b/evalml/__init__.py
index dfadb667e0..de584c42e5 100644
--- a/evalml/__init__.py
+++ b/evalml/__init__.py
@@ -23,4 +23,4 @@
 warnings.filterwarnings("ignore", category=FutureWarning)
 warnings.filterwarnings("ignore", category=DeprecationWarning)
 
-__version__ = "0.49.0"
+__version__ = "0.50.0"
diff --git a/setup.py b/setup.py
index cd375d3c79..f052811733 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
 
 setup(
     name='evalml',
-    version='0.49.0',
+    version='0.50.0',
     author='Alteryx, Inc.',
     author_email='open_source_support@alteryx.com',
     description='EvalML is an AutoML library that builds, optimizes, and evaluates machine learning pipelines using domain-specific objective functions.',