diff --git a/package-lock.json b/package-lock.json
index abf671ecc0ad..0124e6935cb2 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "brave-core",
-  "version": "1.50.41",
+  "version": "1.50.42",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "brave-core",
-      "version": "1.50.41",
+      "version": "1.50.42",
       "license": "MPL-2.0",
       "dependencies": {
         "@brave/leo": "github:brave/leo",
diff --git a/package.json b/package.json
index 915225a3ea7e..b7cb70ce471e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "brave-core",
-  "version": "1.50.41",
+  "version": "1.50.42",
   "description": "Brave Core is a set of changes, APIs and scripts used for customizing Chromium to make Brave.",
   "main": "index.js",
   "scripts": {
diff --git a/patches/chrome-VERSION.patch b/patches/chrome-VERSION.patch
index 980d36fa7d42..13e5ba62bbc5 100644
--- a/patches/chrome-VERSION.patch
+++ b/patches/chrome-VERSION.patch
@@ -9,4 +9,4 @@ index 762ed9048ee47b5ee2c2b9ffa15542d6dd83c891..0acf6c419f8213c6936f9cd1fd23e714
 -PATCH=100
 +MINOR=1
 +BUILD=50
-+PATCH=41
++PATCH=42