diff --git a/CHANGES.md b/CHANGES.md
index 2ec98f1..7e97e42 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,5 +1,10 @@
 # python-socketio change log
 
+**Release 5.16.0** - 2025-12-24
+
+- Address deprecation warnings ([commit](https://github.com/miguelgrinberg/python-socketio/commit/b235699d9b06564753c570b76055997e9d62a938))
+- Drop Python 3.8 and 3.9 from CI builds ([commit](https://github.com/miguelgrinberg/python-socketio/commit/d0728d2f74538762dd551fa9cd0cd1fd5aedfa37))
+
 **Release 5.15.1** - 2025-12-16
 
 - Restore support multiple arguments via pubsub emits [#1540](https://github.com/miguelgrinberg/python-socketio/issues/1540) ([commit](https://github.com/miguelgrinberg/python-socketio/commit/c279f26bb8c9887c4ca99d4d81ad331c4844438c))
diff --git a/pyproject.toml b/pyproject.toml
index ff9e27d..21f1813 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "python-socketio"
-version = "5.15.2.dev0"
+version = "5.16.0"
 license = {text = "MIT"}
 authors = [
     { name = "Miguel Grinberg", email = "miguel.grinberg@gmail.com" },