diff --git a/changelogs/CHANGELOG-v2.16.rst b/changelogs/CHANGELOG-v2.16.rst
index c956294c9e7..bb67855bc1f 100644
--- a/changelogs/CHANGELOG-v2.16.rst
+++ b/changelogs/CHANGELOG-v2.16.rst
@@ -5,13 +5,13 @@ ansible-core 2.16 "All My Love" Release Notes
 .. contents:: Topics
 
 
-v2.16.3rc1
-==========
+v2.16.3
+=======
 
 Release Summary
 ---------------
 
-| Release Date: 2024-01-22
+| Release Date: 2024-01-29
 | `Porting Guide <https://docs.ansible.com/ansible-core/2.16/porting_guides/porting_guide_core_2.16.html>`__
 
 
diff --git a/changelogs/changelog.yaml b/changelogs/changelog.yaml
index ad3cbe5e3aa..893e282d981 100644
--- a/changelogs/changelog.yaml
+++ b/changelogs/changelog.yaml
@@ -839,6 +839,17 @@ releases:
     - 2.16.2_summary.yaml
     - unsafe-fixes-2.yml
     release_date: '2023-12-11'
+  2.16.3:
+    changes:
+      release_summary: '| Release Date: 2024-01-29
+
+        | `Porting Guide <https://docs.ansible.com/ansible-core/2.16/porting_guides/porting_guide_core_2.16.html>`__
+
+        '
+    codename: All My Love
+    fragments:
+    - 2.16.3_summary.yaml
+    release_date: '2024-01-29'
   2.16.3rc1:
     changes:
       bugfixes:
diff --git a/changelogs/fragments/2.16.3_summary.yaml b/changelogs/fragments/2.16.3_summary.yaml
new file mode 100644
index 00000000000..f759fdd0f46
--- /dev/null
+++ b/changelogs/fragments/2.16.3_summary.yaml
@@ -0,0 +1,3 @@
+release_summary: |
+   | Release Date: 2024-01-29
+   | `Porting Guide <https://docs.ansible.com/ansible-core/2.16/porting_guides/porting_guide_core_2.16.html>`__
diff --git a/lib/ansible/release.py b/lib/ansible/release.py
index a3a10c57c89..7c6beeeef67 100644
--- a/lib/ansible/release.py
+++ b/lib/ansible/release.py
@@ -19,6 +19,6 @@
 from __future__ import (absolute_import, division, print_function)
 __metaclass__ = type
 
-__version__ = '2.16.3rc1.post0'
+__version__ = '2.16.3'
 __author__ = 'Ansible, Inc.'
 __codename__ = "All My Love"