diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index c775f946..77003bf7 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.27.0"
+  ".": "1.27.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4c587c0d..41d2d548 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [1.27.1](https://github.com/momentohq/client-sdk-python/compare/v1.27.0...v1.27.1) (2025-06-27)
+
+
+### Bug Fixes
+
+* subscriptions bookkeeping in pubsub clients ([#510](https://github.com/momentohq/client-sdk-python/issues/510)) ([0d5e514](https://github.com/momentohq/client-sdk-python/commit/0d5e5144a3ad953990d83a1f880a35028c2d4ffc))
+
+
+### Miscellaneous
+
+* add timeout to topic subscribe ([#511](https://github.com/momentohq/client-sdk-python/issues/511)) ([0169714](https://github.com/momentohq/client-sdk-python/commit/01697140e479b67825c4d86bbfba9eab38969369))
+* **deps:** bump momento from 1.26.0 to 1.27.0 in /examples ([#508](https://github.com/momentohq/client-sdk-python/issues/508)) ([62ac4ae](https://github.com/momentohq/client-sdk-python/commit/62ac4ae93bbd62a3583b91a76df570ea414d6096))
+
 ## [1.27.0](https://github.com/momentohq/client-sdk-python/compare/v1.26.0...v1.27.0) (2025-05-07)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index f689dae3..1b31a827 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "momento"
-version = "1.27.0"
+version = "1.27.1"
 
 authors = ["Momento <hello@momentohq.com>"]
 description = "SDK for Momento"
diff --git a/src/momento/__init__.py b/src/momento/__init__.py
index f00ec1d8..a80048c9 100644
--- a/src/momento/__init__.py
+++ b/src/momento/__init__.py
@@ -18,7 +18,7 @@
 from .topic_client import TopicClient
 from .topic_client_async import TopicClientAsync
 
-__version__ = "1.27.0"  # x-release-please-version
+__version__ = "1.27.1"  # x-release-please-version
 
 logging.getLogger("momentosdk").addHandler(logging.NullHandler())
 logs.initialize_momento_logging()