diff --git a/Containerfile.external-dns-operator b/Containerfile.external-dns-operator
index 2f826686..e7c27edf 100644
--- a/Containerfile.external-dns-operator
+++ b/Containerfile.external-dns-operator
@@ -29,7 +29,7 @@ FROM registry.access.redhat.com/ubi8/ubi-minimal:latest@sha256:41c6aeb7c681d89b6
 LABEL maintainer="Red Hat, Inc."
 LABEL com.redhat.component="external-dns-operator-container"
 LABEL name="external-dns-operator"
-LABEL version="1.2.1"
+LABEL version="1.2.2"
 WORKDIR /
 COPY --from=builder /workspace/bin/external-dns-operator /
 # Red Hat certified container images have licenses.
diff --git a/Containerfile.external-dns-operator-bundle b/Containerfile.external-dns-operator-bundle
index b56b3625..91c43037 100644
--- a/Containerfile.external-dns-operator-bundle
+++ b/Containerfile.external-dns-operator-bundle
@@ -44,7 +44,7 @@ ARG FULL_COMMIT
 ARG GIT_URL
 
 LABEL name=external-dns-operator-bundle
-LABEL version="1.2.1"
+LABEL version="1.2.2"
 LABEL maintainer='NetworkEdge team <aos-network-edge-staff@redhat.com>'
 LABEL io.k8s.display-name='ExternalDNS Operator'
 LABEL io.k8s.description='Operator bundle for the ExternalDNS Operator'
@@ -52,7 +52,7 @@ LABEL io.openshift.tags='networking,dns'
 LABEL io.openshift.build.commit.id=${FULL_COMMIT}
 LABEL io.openshift.build.source-location=${GIT_URL}
 LABEL io.openshift.build.commit.url=${GIT_URL}/commit/${FULL_COMMIT}
-LABEL release="1.2.1"
+LABEL release="1.2.2"
 LABEL description="Operator bundle for the ExternalDNS Operator"
 LABEL distribution-scope=public
 LABEL url="https://github.com/openshift/external-dns-operator"
diff --git a/VERSION b/VERSION
index 6085e946..23aa8390 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.2.1
+1.2.2
diff --git a/bundle/manifests/external-dns-operator.clusterserviceversion.yaml b/bundle/manifests/external-dns-operator.clusterserviceversion.yaml
index a324813a..f348d23d 100644
--- a/bundle/manifests/external-dns-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/external-dns-operator.clusterserviceversion.yaml
@@ -310,7 +310,7 @@ metadata:
     features.operators.openshift.io/token-auth-aws: "false"
     features.operators.openshift.io/token-auth-azure: "false"
     features.operators.openshift.io/token-auth-gcp: "false"
-    olm.skipRange: <1.2.1
+    olm.skipRange: <1.2.2
     operatorframework.io/suggested-namespace: external-dns-operator
     operators.openshift.io/infrastructure-features: '["disconnected","proxy-aware"]'
     operators.openshift.io/valid-subscription: '["OpenShift Kubernetes Engine", "OpenShift
@@ -319,7 +319,7 @@ metadata:
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/openshift/external-dns-operator
     support: Red Hat, Inc.
-  name: external-dns-operator.v1.2.1
+  name: external-dns-operator.v1.2.2
   namespace: external-dns-operator
 spec:
   apiservicedefinitions: {}
@@ -598,7 +598,7 @@ spec:
   minKubeVersion: 1.22.0
   provider:
     name: Red Hat, Inc.
-  version: 1.2.1
+  version: 1.2.2
   webhookdefinitions:
   - admissionReviewVersions:
     - v1