diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 38fc703173..d13eea2162 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1 +1 @@
-{".":"7.1.1","packages/phoenix-evals":"0.17.5","packages/phoenix-otel":"0.6.1"}
+{".":"7.2.0","packages/phoenix-evals":"0.17.5","packages/phoenix-otel":"0.6.1"}
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 50ba9d675d..22ae80c43f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [7.2.0](https://github.com/Arize-ai/phoenix/compare/arize-phoenix-v7.1.1...arize-phoenix-v7.2.0) (2024-12-18)
+
+
+### Features
+
+* **playground:** Enhance template editor ergonomics ([#5715](https://github.com/Arize-ai/phoenix/issues/5715)) ([1c593a4](https://github.com/Arize-ai/phoenix/commit/1c593a47967ea78d569b6538720678a921bcbb92))
+
+
+### Bug Fixes
+
+* **sessions:** exclude null input/output values in dataloader query for sessions table ([#5781](https://github.com/Arize-ai/phoenix/issues/5781)) ([fb1330f](https://github.com/Arize-ai/phoenix/commit/fb1330fdc61c756adcade2cf29f893d504ef3243))
+* update index.html ([#5783](https://github.com/Arize-ai/phoenix/issues/5783)) ([bca3b09](https://github.com/Arize-ai/phoenix/commit/bca3b0972fa75ff27516d98ec4d3f8db3de9fe29))
+
 ## [7.1.1](https://github.com/Arize-ai/phoenix/compare/arize-phoenix-v7.1.0...arize-phoenix-v7.1.1) (2024-12-11)
 
 
diff --git a/src/phoenix/version.py b/src/phoenix/version.py
index 2a10b3e2cf..e698104b7d 100644
--- a/src/phoenix/version.py
+++ b/src/phoenix/version.py
@@ -1 +1 @@
-__version__ = "7.1.1"
+__version__ = "7.2.0"