diff --git a/CHANGELOG.md b/CHANGELOG.md
index 84c0153111..86d09c553f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 1.33.1
+
+### Various fixes & improvements
+
+- Make parse_version work in utils.py itself. (#2474) by @antonpirker
+
 ## 1.33.0
 
 ### Various fixes & improvements
diff --git a/docs/conf.py b/docs/conf.py
index 801bd2beb7..8fa8b750bf 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,7 +30,7 @@
 copyright = "2019-{}, Sentry Team and Contributors".format(datetime.now().year)
 author = "Sentry Team and Contributors"
 
-release = "1.33.0"
+release = "1.33.1"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index 85cd632f94..6b03a50760 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -286,4 +286,4 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.33.0"
+VERSION = "1.33.1"
diff --git a/setup.py b/setup.py
index 950a97493c..40bd729290 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.33.0",
+    version="1.33.1",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",