diff --git a/packages/react-native/Libraries/Core/ReactNativeVersion.js b/packages/react-native/Libraries/Core/ReactNativeVersion.js
index 518e23a9df77e0..207311162090f3 100644
--- a/packages/react-native/Libraries/Core/ReactNativeVersion.js
+++ b/packages/react-native/Libraries/Core/ReactNativeVersion.js
@@ -13,5 +13,5 @@ exports.version = {
   major: 0,
   minor: 72,
   patch: 0,
-  prerelease: 'rc.4',
+  prerelease: 'rc.5',
 };
diff --git a/packages/react-native/React/Base/RCTVersion.m b/packages/react-native/React/Base/RCTVersion.m
index c11730a18ed490..64776d2509be45 100644
--- a/packages/react-native/React/Base/RCTVersion.m
+++ b/packages/react-native/React/Base/RCTVersion.m
@@ -24,7 +24,7 @@
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(72),
                   RCTVersionPatch: @(0),
-                  RCTVersionPrerelease: @"rc.4",
+                  RCTVersionPrerelease: @"rc.5",
                   };
   });
   return __rnVersion;
diff --git a/packages/react-native/ReactAndroid/gradle.properties b/packages/react-native/ReactAndroid/gradle.properties
index c537180d7a327a..5276a6b03df089 100644
--- a/packages/react-native/ReactAndroid/gradle.properties
+++ b/packages/react-native/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.72.0-rc.4
+VERSION_NAME=0.72.0-rc.5
 GROUP=com.facebook.react
 
 # JVM Versions
diff --git a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index d01d5cafe22e6a..93965d946150e8 100644
--- a/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/packages/react-native/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -18,5 +18,5 @@ public class ReactNativeVersion {
       "major", 0,
       "minor", 72,
       "patch", 0,
-      "prerelease", "rc.4");
+      "prerelease", "rc.5");
 }
diff --git a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
index eae2c48b977f04..4704b9d5dbf27d 100644
--- a/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/packages/react-native/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -18,7 +18,7 @@ constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 72;
   int32_t Patch = 0;
-  std::string_view Prerelease = "rc.4";
+  std::string_view Prerelease = "rc.5";
 } ReactNativeVersion;
 
 } // namespace facebook::react
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index 634f683adfdf2e..8f10eddb03703a 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.72.0-rc.4",
+  "version": "0.72.0-rc.5",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
@@ -133,4 +133,4 @@
       }
     ]
   }
-}
+}
\ No newline at end of file
diff --git a/packages/react-native/template/package.json b/packages/react-native/template/package.json
index 7f1fbed3750f78..a7d4d0087a3719 100644
--- a/packages/react-native/template/package.json
+++ b/packages/react-native/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.2.0",
-    "react-native": "0.72.0-rc.4"
+    "react-native": "0.72.0-rc.5"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",