diff --git a/multimedia/graphics/webp/pspec.xml b/multimedia/graphics/webp/pspec.xml
index 4c7aa64375..3091cba9bb 100644
--- a/multimedia/graphics/webp/pspec.xml
+++ b/multimedia/graphics/webp/pspec.xml
@@ -12,7 +12,7 @@
         <IsA>application</IsA>
         <Summary>webp image format and format conversion png,jpeg,tiff</Summary>
         <Description>webp image format and format conversion png,jpeg,tiff</Description>
-        <Archive sha1sum="da93fd4f595f9a995572af3976aed1349543900c" type="targz">https://github.com/webmproject/libwebp/archive/v1.1.0.tar.gz</Archive>
+        <Archive sha1sum="54383895bd18783c7af8517620252a712258b22c" type="targz">https://github.com/webmproject/libwebp/archive/v1.2.0.tar.gz</Archive>
         <BuildDependencies>
             <Dependency>mesa-devel</Dependency>
             <Dependency>mesa-glu-devel</Dependency>
@@ -55,6 +55,13 @@
     </Package>
 
     <History>
+        <Update release="9">
+            <Date>2021-06-03</Date>
+            <Version>1.2.0</Version>
+            <Comment>Version bump.</Comment>
+            <Name>Mustafa Cinasal</Name>
+            <Email>muscnsl@gmail.com</Email>
+        </Update>
 		<Update release="8">
             <Date>2020-01-12</Date>
             <Version>1.1.0</Version>