diff --git a/DESCRIPTION b/DESCRIPTION
index 8b99fecf..d379eb97 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: fable
 Title: Forecasting Models for Tidy Time Series
-Version: 0.3.4.9000
+Version: 0.4.0
 Description: Provides a collection of commonly used univariate and multivariate
     time series forecasting models including automatically selected exponential 
     smoothing (ETS) and autoregressive integrated moving average (ARIMA) models.
diff --git a/NEWS.md b/NEWS.md
index 96ff3dc8..395f34a7 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# fable (development version)
+# fable 0.4.0
 
 ## New features