diff --git a/pygments/__init__.py b/pygments/__init__.py
index ffe36033eb..d751331394 100644
--- a/pygments/__init__.py
+++ b/pygments/__init__.py
@@ -29,7 +29,7 @@
 
 from pygments.util import StringIO, BytesIO
 
-__version__ = '2.4.2'
+__version__ = '2.5.0'
 __docformat__ = 'restructuredtext'
 
 __all__ = ['lex', 'format', 'highlight']
diff --git a/setup.py b/setup.py
index 904c9de124..4ec1ebe28e 100755
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@
 
 setup(
     name = 'Pygments',
-    version = '2.4.2',
+    version = '2.5.0',
     url = 'http://pygments.org/',
     license = 'BSD License',
     author = 'Georg Brandl',