diff --git a/.github/ISSUE_TEMPLATE/bug.yml b/.github/ISSUE_TEMPLATE/bug.yml
index 2983ab53ed..97e431f75b 100644
--- a/.github/ISSUE_TEMPLATE/bug.yml
+++ b/.github/ISSUE_TEMPLATE/bug.yml
@@ -18,6 +18,7 @@ body:
       label: ExoPlayer Version
       description: What version of ExoPlayer are you using?
       options:
+        - 2.18.1
         - 2.18.0
         - 2.17.1
         - 2.17.0
diff --git a/RELEASENOTES.md b/RELEASENOTES.md
index 058c60da78..5078481e0a 100644
--- a/RELEASENOTES.md
+++ b/RELEASENOTES.md
@@ -1,5 +1,52 @@
 # Release notes
 
+### 2.18.1 (2022-07-15)
+
+This release corresponds to the
+[AndroidX media3 1.0.0-beta02 release](https://github.com/androidx/media/releases/tag/1.0.0-beta02).
+
+*   Core library:
+    *   Ensure that changing the `ShuffleOrder` with `ExoPlayer.setShuffleOrder`
+        results in a call to `Player.Listener#onTimelineChanged` with
+        `reason=Player.TIMELINE_CHANGE_REASON_PLAYLIST_CHANGED`
+        ([#9889](https://github.com/google/ExoPlayer/issues/9889)).
+    *   For progressive media, only include selected tracks in buffered position
+        ([#10361](https://github.com/google/ExoPlayer/issues/10361)).
+    *   Allow custom logger for all ExoPlayer log output
+        ([#9752](https://github.com/google/ExoPlayer/issues/9752)).
+    *   Fix implementation of `setDataSourceFactory` in
+        `DefaultMediaSourceFactory`, which was non-functional in some cases
+        ([#116](https://github.com/androidx/media/issues/116)).
+*   Extractors:
+    *   Add support for AVI
+        ([#2092](https://github.com/google/ExoPlayer/issues/2092)).
+    *   Fix parsing of H265 short term reference picture sets
+        ([#10316](https://github.com/google/ExoPlayer/issues/10316)).
+    *   Fix parsing of bitrates from `esds` boxes
+        ([#10381](https://github.com/google/ExoPlayer/issues/10381)).
+*   DASH:
+    *   Parse ClearKey license URL from manifests
+        ([#10246](https://github.com/google/ExoPlayer/issues/10246)).
+*   UI:
+    *   Ensure TalkBack announces the currently active speed option in the
+        playback controls menu
+        ([#10298](https://github.com/google/ExoPlayer/issues/10298)).
+*   RTSP:
+    *   Add RTP reader for H263
+        ([#63](https://github.com/androidx/media/pull/63)).
+    *   Add VP8 fragmented packet handling
+        ([#110](https://github.com/androidx/media/pull/110)).
+*   Leanback extension:
+    *   Listen to `playWhenReady` changes in `LeanbackAdapter`
+        ([10420](https://github.com/google/ExoPlayer/issues/10420)).
+*   Cast:
+    *   Use the `MediaItem` that has been passed to the playlist methods as
+        `Window.mediaItem` in `CastTimeline`
+        ([#25](https://github.com/androidx/media/issues/25),
+        [#8212](https://github.com/google/ExoPlayer/issues/8212)).
+    *   Support `Player.getMetadata()` and `Listener.onMediaMetadataChanged()`
+        with `CastPlayer` ([#25](https://github.com/androidx/media/issues/25)).
+
 ### 2.18.0 (2022-06-16)
 
 This release corresponds to the
diff --git a/constants.gradle b/constants.gradle
index 612ba09fe2..ccc9b2ec2b 100644
--- a/constants.gradle
+++ b/constants.gradle
@@ -13,8 +13,8 @@
 // limitations under the License.
 project.ext {
     // ExoPlayer version and version code.
-    releaseVersion = '2.18.0'
-    releaseVersionCode = 2_018_000
+    releaseVersion = '2.18.1'
+    releaseVersionCode = 2_018_001
     minSdkVersion = 16
     appTargetSdkVersion = 29
     // Upgrading this requires [Internal ref: b/193254928] to be fixed, or some
diff --git a/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java b/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
index f3591c6686..42ed0dc1aa 100644
--- a/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
+++ b/library/common/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
@@ -27,11 +27,11 @@ public final class ExoPlayerLibraryInfo {
 
   /** The version of the library expressed as a string, for example "1.2.3". */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION_INT) or vice versa.
-  public static final String VERSION = "2.18.0";
+  public static final String VERSION = "2.18.1";
 
   /** The version of the library expressed as {@code TAG + "/" + VERSION}. */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final String VERSION_SLASHY = "ExoPlayerLib/2.18.0";
+  public static final String VERSION_SLASHY = "ExoPlayerLib/2.18.1";
 
   /**
    * The version of the library expressed as an integer, for example 1002003.
@@ -41,7 +41,7 @@ public final class ExoPlayerLibraryInfo {
    * integer version 123045006 (123-045-006).
    */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final int VERSION_INT = 2_018_000;
+  public static final int VERSION_INT = 2_018_001;
 
   /** Whether the library was compiled with {@link Assertions} checks enabled. */
   public static final boolean ASSERTIONS_ENABLED = true;