diff --git a/NEWS b/NEWS
index e53a244f1..ff3584319 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,24 @@
+Overview of changes leading to 7.3.0
+Tuesday, May 9, 2023
+====================================
+- Speedup applying glyph variation in VarComposites fonts (over 40% speedup).
+  (Behdad Esfahbod)
+- Speedup instancing some fonts (over 20% speedup in instancing RobotoFlex).
+  (Behdad Esfahbod)
+- Speedup shaping some fonts (over 30% speedup in shaping Roboto).
+  (Behdad Esfahbod)
+- Support subsetting VarComposites and beyond-64k fonts. (Behdad Esfahbod)
+- New configuration macro HB_MINIMIZE_MEMORY_USAGE to favor optimizing memory
+  usage over speed. (Behdad Esfahbod)
+- Supporting setting the mapping between old and new glyph indices during
+  subsetting. (Garret Rieger)
+- Various fixes and improvements.
+  (Behdad Esfahbod, Denis Rochette, Garret Rieger, Han Seung Min, Qunxin Liu)
+
+- New API:
++hb_subset_input_old_to_new_glyph_mapping()
+
+
 Overview of changes leading to 7.2.0
 Thursday, April 27, 2023
 ====================================
diff --git a/configure.ac b/configure.ac
index 3507d3e1c..a95006baa 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.64])
 AC_INIT([HarfBuzz],
-        [7.2.0],
+        [7.3.0],
         [https://github.com/harfbuzz/harfbuzz/issues/new],
         [harfbuzz],
         [http://harfbuzz.org/])
diff --git a/docs/harfbuzz-docs.xml b/docs/harfbuzz-docs.xml
index e67ea8c39..3cb1be0fb 100644
--- a/docs/harfbuzz-docs.xml
+++ b/docs/harfbuzz-docs.xml
@@ -120,6 +120,7 @@
       <index id="api-index-full"><title>API Index</title><xi:include href="xml/api-index-full.xml"><xi:fallback /></xi:include></index>
       <index id="deprecated-api-index"><title>Index of deprecated API</title><xi:include href="xml/api-index-deprecated.xml"><xi:fallback /></xi:include></index>
 
+      <index id="api-index-7-3-0"><title>Index of new symbols in 7.3.0</title><xi:include href="xml/api-index-7.3.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-7-1-0"><title>Index of new symbols in 7.1.0</title><xi:include href="xml/api-index-7.1.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-7-0-0"><title>Index of new symbols in 7.0.0</title><xi:include href="xml/api-index-7.0.0.xml"><xi:fallback /></xi:include></index>
       <index id="api-index-6-0-0"><title>Index of new symbols in 6.0.0</title><xi:include href="xml/api-index-6.0.0.xml"><xi:fallback /></xi:include></index>
diff --git a/meson.build b/meson.build
index 9089dde06..512c69036 100644
--- a/meson.build
+++ b/meson.build
@@ -1,6 +1,6 @@
 project('harfbuzz', 'c', 'cpp',
   meson_version: '>= 0.55.0',
-  version: '7.2.0',
+  version: '7.3.0',
   default_options: [
     'cpp_eh=none',          # Just to support msvc, we are passing -fno-exceptions also anyway
     'cpp_rtti=false',       # Just to support msvc, we are passing -fno-rtti also anyway
diff --git a/src/hb-subset-input.cc b/src/hb-subset-input.cc
index 0b2de43ee..465af5081 100644
--- a/src/hb-subset-input.cc
+++ b/src/hb-subset-input.cc
@@ -543,7 +543,7 @@ hb_subset_preprocess (hb_face_t *source)
  *
  * Return value: (transfer none): pointer to the #hb_map_t of the custom glyphs ID map.
  *
- * XSince: REPLACEME
+ * Since: 7.3.0
  **/
 HB_EXTERN hb_map_t*
 hb_subset_input_old_to_new_glyph_mapping (hb_subset_input_t *input)
diff --git a/src/hb-version.h b/src/hb-version.h
index e4be376bc..08d1f55a3 100644
--- a/src/hb-version.h
+++ b/src/hb-version.h
@@ -47,7 +47,7 @@ HB_BEGIN_DECLS
  *
  * The minor component of the library version available at compile-time.
  */
-#define HB_VERSION_MINOR 2
+#define HB_VERSION_MINOR 3
 /**
  * HB_VERSION_MICRO:
  *
@@ -60,7 +60,7 @@ HB_BEGIN_DECLS
  *
  * A string literal containing the library version available at compile-time.
  */
-#define HB_VERSION_STRING "7.2.0"
+#define HB_VERSION_STRING "7.3.0"
 
 /**
  * HB_VERSION_ATLEAST: