diff --git a/libwebp-1.1.0.tar.gz b/libwebp-1.1.0.tar.gz
deleted file mode 100644
index 2076417..0000000
--- a/libwebp-1.1.0.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:98a052268cc4d5ece27f76572a7f50293f439c17a98e67c4ea0c7ed6f50ef043
-size 4033877
diff --git a/libwebp-1.1.0.tar.gz.asc b/libwebp-1.1.0.tar.gz.asc
deleted file mode 100644
index 3a6574e..0000000
--- a/libwebp-1.1.0.tar.gz.asc
+++ /dev/null
@@ -1,16 +0,0 @@
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diff --git a/libwebp-1.2.0.tar.gz b/libwebp-1.2.0.tar.gz
new file mode 100644
index 0000000..25d26dc
--- /dev/null
+++ b/libwebp-1.2.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:2fc8bbde9f97f2ab403c0224fb9ca62b2e6852cbc519e91ceaa7c153ffd88a0c
+size 4092120
diff --git a/libwebp-1.2.0.tar.gz.asc b/libwebp-1.2.0.tar.gz.asc
new file mode 100644
index 0000000..6497e61
--- /dev/null
+++ b/libwebp-1.2.0.tar.gz.asc
@@ -0,0 +1,16 @@
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diff --git a/libwebp.changes b/libwebp.changes
index 1d99f8d..819827e 100644
--- a/libwebp.changes
+++ b/libwebp.changes
@@ -1,3 +1,14 @@
+-------------------------------------------------------------------
+Sat Jan 30 11:20:05 UTC 2021 - Dirk Müller <dmueller@suse.com>
+
+- update to 1.2.0:
+  * API changes in libwebp: encode.h: add a qmin / qmax range for
+    quality factor (cwebp adds -qrange)
+  * lossless encoder improvements
+  * SIMD support for Wasm builds
+  * import fuzzers from oss-fuzz & chromium 
+  * webpmux: add a '-set loop <value>' option
+
 -------------------------------------------------------------------
 Wed Apr  1 07:25:56 UTC 2020 - Martin Pluskal <mpluskal@suse.com>
 
diff --git a/libwebp.spec b/libwebp.spec
index 7315fae..fd14c83 100644
--- a/libwebp.spec
+++ b/libwebp.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package libwebp
 #
-# Copyright (c) 2015 SUSE LINUX Products GmbH, Nuernberg, Germany.
+# Copyright (c) 2021 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -17,16 +17,16 @@
 
 
 Name:           libwebp
-Version:        1.1.0
+Version:        1.2.0
 Release:        0
 Summary:        Library and tools for the WebP graphics format
 License:        BSD-3-Clause
 Group:          Development/Libraries/C and C++
-Url:            https://developers.google.com/speed/webp/
+URL:            https://developers.google.com/speed/webp/
 
-#Git-Clone:	http://git.chromium.org/webm/libwebp.git
-Source:         http://downloads.webmproject.org/releases/webp/%name-%version.tar.gz
-Source2:        http://downloads.webmproject.org/releases/webp/%name-%version.tar.gz.asc
+#Git-Clone:	https://chromium.googlesource.com/webm/libwebp/
+Source:         https://storage.googleapis.com/downloads.webmproject.org/releases/webp/libwebp-%version.tar.gz
+Source2:        https://storage.googleapis.com/downloads.webmproject.org/releases/webp/libwebp-%version.tar.gz.asc
 Source3:        %name.keyring
 Source4:        baselibs.conf
 BuildRequires:  freeglut-devel
@@ -131,15 +131,10 @@ images more efficiently.
 %autosetup -p1
 
 %build
-
-%ifarch %arm
-%define _lto_cflags %{nil}
-%endif
-
 %configure --disable-static \
 	--enable-libwebpmux --enable-libwebpdemux \
 	--enable-libwebpdecoder --enable-libwebpextras
-make %{?_smp_mflags} V=1
+%make_build
 
 %install
 %make_install