diff --git a/_service b/_service
index 803bee0..fbc2b99 100644
--- a/_service
+++ b/_service
@@ -6,7 +6,7 @@
   <service name="obs_scm" mode="disabled">
     <param name="scm">git</param>
     <param name="url">https://github.com/alacritty/alacritty.git</param>
-    <param name="revision">refs/tags/v0.12.0</param>
+    <param name="revision">refs/tags/v0.12.1</param>
     <param name="match-tag">v*</param>
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="versionrewrite-pattern">v(.*)</param>
diff --git a/alacritty-0.12.0.tar.xz b/alacritty-0.12.0.tar.xz
deleted file mode 100644
index 4c3cd38..0000000
--- a/alacritty-0.12.0.tar.xz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:95f5e91fd36ef0e534f048c6a5995c842a11d445ba7e1703f1807c9939fcefba
-size 1006608
diff --git a/alacritty-0.12.1.tar.xz b/alacritty-0.12.1.tar.xz
new file mode 100644
index 0000000..e0f7068
--- /dev/null
+++ b/alacritty-0.12.1.tar.xz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:f13d4f7fcf76dddb2700c3bf15f96f198030344614ce24b5f2903616c0e0838f
+size 1007476
diff --git a/alacritty.changes b/alacritty.changes
index e80f3bd..94759bf 100644
--- a/alacritty.changes
+++ b/alacritty.changes
@@ -1,3 +1,14 @@
+-------------------------------------------------------------------
+Mon May 29 12:21:42 UTC 2023 - Jan-Luca Kiok <opensuse-packages@jlk.one>
+
+- Update to version 0.12.1:
+  * Fixed
+    + Very long startup times on Wayland systems with broken
+      xdg-portal setup
+    + Error on startup with GLX when using old mesa platforms
+    + Character ; inside the URI in OSC 8 sequence breaking the URI
+    + Selection on last line not updating correctly on resize
+
 -------------------------------------------------------------------
 Sat Mar 25 20:02:46 UTC 2023 - Jan-Luca Kiok <opensuse-packages@jlk.one>
 
diff --git a/alacritty.spec b/alacritty.spec
index f6ca08d..5f08255 100644
--- a/alacritty.spec
+++ b/alacritty.spec
@@ -19,7 +19,7 @@
 %global rustflags '-Clink-arg=-Wl,-z,relro,-z,now'
 
 Name:           alacritty
-Version:        0.12.0
+Version:        0.12.1
 Release:        0
 Summary:        A GPU-accelerated terminal emulator
 License:        Apache-2.0
diff --git a/vendor.tar.xz b/vendor.tar.xz
index 7140069..2176376 100644
--- a/vendor.tar.xz
+++ b/vendor.tar.xz
@@ -1,3 +1,3 @@
 version https://git-lfs.github.com/spec/v1
-oid sha256:79e92c026d11038a077869919222b0de1a9b031dc6dff25dfc388cd7c8ccbf1a
-size 26655152
+oid sha256:43cb5e979923be43dea9fad73283d88270db58e6ee12a27a6e40b74236ede3fe
+size 27780692