diff --git a/.github/workflows/unmanaged_dependency_check.yaml b/.github/workflows/unmanaged_dependency_check.yaml
index 6d507150e..a48787484 100644
--- a/.github/workflows/unmanaged_dependency_check.yaml
+++ b/.github/workflows/unmanaged_dependency_check.yaml
@@ -14,6 +14,6 @@ jobs:
       shell: bash
       run: .kokoro/build.sh
     - name: Unmanaged dependency check
-      uses: googleapis/sdk-platform-java/java-shared-dependencies/unmanaged-dependency-check@google-cloud-shared-dependencies/v3.42.0
+      uses: googleapis/sdk-platform-java/java-shared-dependencies/unmanaged-dependency-check@google-cloud-shared-dependencies/v3.43.0
       with:
         bom-path: pom.xml
diff --git a/.kokoro/presubmit/graalvm-native-17.cfg b/.kokoro/presubmit/graalvm-native-17.cfg
index b78c82df5..8d3f11dc4 100644
--- a/.kokoro/presubmit/graalvm-native-17.cfg
+++ b/.kokoro/presubmit/graalvm-native-17.cfg
@@ -3,7 +3,7 @@
 # Configure the docker image for kokoro-trampoline.
 env_vars: {
   key: "TRAMPOLINE_IMAGE"
-  value: "gcr.io/cloud-devrel-public-resources/graalvm_sdk_platform_b:3.42.0"
+  value: "gcr.io/cloud-devrel-public-resources/graalvm_sdk_platform_b:3.43.0"
 }
 
 env_vars: {
diff --git a/.kokoro/presubmit/graalvm-native.cfg b/.kokoro/presubmit/graalvm-native.cfg
index f08c4be3e..f78bafd26 100644
--- a/.kokoro/presubmit/graalvm-native.cfg
+++ b/.kokoro/presubmit/graalvm-native.cfg
@@ -3,7 +3,7 @@
 # Configure the docker image for kokoro-trampoline.
 env_vars: {
   key: "TRAMPOLINE_IMAGE"
-  value: "gcr.io/cloud-devrel-public-resources/graalvm_sdk_platform_a:3.42.0"
+  value: "gcr.io/cloud-devrel-public-resources/graalvm_sdk_platform_a:3.43.0"
 }
 
 env_vars: {
diff --git a/CHANGELOG.md b/CHANGELOG.md
index d7e2b1610..d60427c22 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,16 @@
 # Changelog
 
 
+## [0.132.3-alpha](https://github.com/googleapis/java-logging-logback/compare/v0.132.2-alpha...v0.132.3-alpha) (2025-02-13)
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-logging to v3.21.3 ([#1437](https://github.com/googleapis/java-logging-logback/issues/1437)) ([254f896](https://github.com/googleapis/java-logging-logback/commit/254f896906892bbc30194735f161862ea0048915))
+* Update dependency com.google.cloud:sdk-platform-java-config to v3.43.0 ([#1435](https://github.com/googleapis/java-logging-logback/issues/1435)) ([d0e0366](https://github.com/googleapis/java-logging-logback/commit/d0e0366f958e24b69674ceef12826f049b1e3a14))
+* Update dependency io.opentelemetry:opentelemetry-api to v1.47.0 ([#1432](https://github.com/googleapis/java-logging-logback/issues/1432)) ([4041f04](https://github.com/googleapis/java-logging-logback/commit/4041f04b1ee7e2854d0a0babc6363501c97cbef5))
+* Update dependency io.opentelemetry:opentelemetry-context to v1.47.0 ([#1433](https://github.com/googleapis/java-logging-logback/issues/1433)) ([40e073a](https://github.com/googleapis/java-logging-logback/commit/40e073aaf21cea3fe82e74cb1cc8e80c060be610))
+
 ## [0.132.2-alpha](https://github.com/googleapis/java-logging-logback/compare/v0.132.1-alpha...v0.132.2-alpha) (2025-01-30)
 
 
diff --git a/pom.xml b/pom.xml
index 78ccc689d..df239c916 100644
--- a/pom.xml
+++ b/pom.xml
@@ -5,7 +5,7 @@
   <modelVersion>4.0.0</modelVersion>
 
   <artifactId>google-cloud-logging-logback</artifactId>
-  <version>0.132.2-alpha</version><!-- {x-version-update:google-cloud-logging-logback:current} -->
+  <version>0.132.3-alpha</version><!-- {x-version-update:google-cloud-logging-logback:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Logging Logback Appender</name>
   <url>https://github.com/googleapis/java-logging-logback</url>
@@ -17,7 +17,7 @@
     <logback.version>1.2.13</logback.version>
     <easymock.version>5.5.0</easymock.version>
     <truth.version>1.4.4</truth.version>
-    <logging.version>3.21.2</logging.version>
+    <logging.version>3.21.3</logging.version>
     <slf4j.version>1.7.36</slf4j.version>
     <google.api-common.version>1.10.1</google.api-common.version>
   </properties>
@@ -25,7 +25,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>sdk-platform-java-config</artifactId>
-    <version>3.42.0</version>
+    <version>3.43.0</version>
   </parent>
 
   <developers>
@@ -73,13 +73,13 @@
       	<!-- remove this dependency after google-cloud-java is released after the cycle of Jan 31st 2025 -->
       	<groupId>io.opentelemetry</groupId>
       	<artifactId>opentelemetry-context</artifactId>
-      	<version>1.46.0</version>
+      	<version>1.47.0</version>
       </dependency>
       <dependency>
       	<!-- remove this dependency after google-cloud-java is released after the cycle of Jan 31st 2025 -->
       	<groupId>io.opentelemetry</groupId>
       	<artifactId>opentelemetry-api</artifactId>
-      	<version>1.46.0</version>
+      	<version>1.47.0</version>
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/samples/install-without-bom/pom.xml b/samples/install-without-bom/pom.xml
index 3dbc2d5ad..2fbe7f2f9 100644
--- a/samples/install-without-bom/pom.xml
+++ b/samples/install-without-bom/pom.xml
@@ -29,7 +29,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-logging-logback</artifactId>
-      <version>0.132.1-alpha</version>
+      <version>0.132.2-alpha</version>
     </dependency>
     <!-- [END logging-logback_install_without_bom] -->
 
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index c285abba7..b81b0df12 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,7 +28,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-logging-logback</artifactId>
-      <version>0.132.2-alpha</version>
+      <version>0.132.3-alpha</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/samples/snippets/pom.xml b/samples/snippets/pom.xml
index e67b71469..37a279638 100644
--- a/samples/snippets/pom.xml
+++ b/samples/snippets/pom.xml
@@ -30,7 +30,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>libraries-bom</artifactId>
-        <version>26.53.0</version>
+        <version>26.54.0</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/src/main/java/com/google/cloud/logging/logback/LoggingAppender.java b/src/main/java/com/google/cloud/logging/logback/LoggingAppender.java
index c3eaea35e..30bfdfee4 100644
--- a/src/main/java/com/google/cloud/logging/logback/LoggingAppender.java
+++ b/src/main/java/com/google/cloud/logging/logback/LoggingAppender.java
@@ -122,7 +122,7 @@ public class LoggingAppender extends UnsynchronizedAppenderBase<ILoggingEvent> {
   // See
   // https://github.com/googleapis/release-please/blob/main/docs/customizing.md#updating-arbitrary-files
   // {x-version-update-start:google-cloud-logging-logback:current}
-  public static final String DEFAULT_INSTRUMENTATION_VERSION = "0.132.2-alpha";
+  public static final String DEFAULT_INSTRUMENTATION_VERSION = "0.132.3-alpha";
   // {x-version-update-end}
   private static boolean instrumentationAdded = false;
   private static final Object instrumentationLock = new Object();
diff --git a/versions.txt b/versions.txt
index cd4adfcf1..e2e3dd388 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-logging-logback:0.132.2-alpha:0.132.2-alpha
+google-cloud-logging-logback:0.132.3-alpha:0.132.3-alpha