diff --git a/.release-please-manifest-individual.json b/.release-please-manifest-individual.json
index 811a1fc77fdc..48e3b867a86d 100644
--- a/.release-please-manifest-individual.json
+++ b/.release-please-manifest-individual.json
@@ -6,7 +6,7 @@
   "firestore": "1.11.0",
   "logging": "1.7.0",
   "profiler": "0.3.1",
-  "pubsub": "1.32.0",
+  "pubsub": "1.33.0",
   "pubsublite": "1.8.1",
   "spanner": "1.47.0",
   "storage": "1.31.0"
diff --git a/pubsub/CHANGES.md b/pubsub/CHANGES.md
index 06c4ddaa6261..6f95c40ce521 100644
--- a/pubsub/CHANGES.md
+++ b/pubsub/CHANGES.md
@@ -1,5 +1,17 @@
 # Changes
 
+## [1.33.0](https://github.com/googleapis/google-cloud-go/compare/pubsub/v1.32.0...pubsub/v1.33.0) (2023-07-24)
+
+
+### Features
+
+* **pubsub:** Support payload wrapping for push subs ([#8292](https://github.com/googleapis/google-cloud-go/issues/8292)) ([fd49db5](https://github.com/googleapis/google-cloud-go/commit/fd49db50cd333a2c918f6a1c94f779b8936876fc))
+
+
+### Bug Fixes
+
+* **pubsub/pstest:** Update maxMessageRetentionDuration to be 31 days ([#8199](https://github.com/googleapis/google-cloud-go/issues/8199)) ([1fa4bb8](https://github.com/googleapis/google-cloud-go/commit/1fa4bb8b3f22aad0b97ccae610408720522a8b31))
+
 ## [1.32.0](https://github.com/googleapis/google-cloud-go/compare/pubsub/v1.31.0...pubsub/v1.32.0) (2023-06-27)
 
 
diff --git a/pubsub/internal/version.go b/pubsub/internal/version.go
index acc180691aa6..ba70a43673b7 100644
--- a/pubsub/internal/version.go
+++ b/pubsub/internal/version.go
@@ -15,4 +15,4 @@
 package internal
 
 // Version is the current tagged release of the library.
-const Version = "1.32.0"
+const Version = "1.33.0"