diff --git a/.github/ISSUE_TEMPLATE/bug.yml b/.github/ISSUE_TEMPLATE/bug.yml
index b29b2e92b0..f970c1ad12 100644
--- a/.github/ISSUE_TEMPLATE/bug.yml
+++ b/.github/ISSUE_TEMPLATE/bug.yml
@@ -17,6 +17,7 @@ body:
       label: Media3 Version
       description: What version of Media3 are you using?
       options:
+        - 1.0.0-beta02
         - 1.0.0-beta01
         - 1.0.0-alpha03
         - 1.0.0-alpha02
diff --git a/RELEASENOTES.md b/RELEASENOTES.md
index 78f6a3e7a8..5dcebc04be 100644
--- a/RELEASENOTES.md
+++ b/RELEASENOTES.md
@@ -2,6 +2,25 @@
 
 ### Unreleased changes
 
+*   Core library:
+    *   Add `ExoPlayer.isTunnelingEnabled` to check if tunneling is enabled for
+        the currently selected tracks
+        ([#2518](https://github.com/google/ExoPlayer/issues/2518)).
+    *   Use `SingleThreadExecutor` for releasing `AudioTrack` instances to avoid
+        OutOfMemory errors when releasing multiple players at the same time
+        ([#10057](https://github.com/google/ExoPlayer/issues/10057)).
+*   Metadata:
+    *   `MetadataRenderer` can now be configured to render metadata as soon as
+        they are available. Create an instance with
+        `MetadataRenderer(MetadataOutput, Looper, MetadataDecoderFactory,
+        boolean)` to specify whether the renderer will output metadata early or
+        in sync with the player position.
+
+### 1.0.0-beta02 (2022-07-15)
+
+This release corresponds to the
+[ExoPlayer 2.18.1 release](https://github.com/google/ExoPlayer/releases/tag/r2.18.1).
+
 *   Core library:
     *   Ensure that changing the `ShuffleOrder` with `ExoPlayer.setShuffleOrder`
         results in a call to `Player.Listener#onTimelineChanged` with
@@ -9,14 +28,8 @@
         ([#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)).
-    *   Add `ExoPlayer.isTunnelingEnabled` to check if tunneling is enabled for
-        the currently selected tracks
-        ([#2518](https://github.com/google/ExoPlayer/issues/2518)).
     *   Allow custom logger for all ExoPlayer log output
         ([#9752](https://github.com/google/ExoPlayer/issues/9752)).
-    *   Use `SingleThreadExecutor` for releasing `AudioTrack` instances to avoid
-        OutOfMemory errors when releasing multiple players at the same time
-        ([#10057](https://github.com/google/ExoPlayer/issues/10057)).
     *   Fix implementation of `setDataSourceFactory` in
         `DefaultMediaSourceFactory`, which was non-functional in some cases
         ([#116](https://github.com/androidx/media/issues/116)).
@@ -27,12 +40,6 @@
         ([#10316](https://github.com/google/ExoPlayer/issues/10316)).
     *   Fix parsing of bitrates from `esds` boxes
         ([#10381](https://github.com/google/ExoPlayer/issues/10381)).
-*   Metadata:
-    *   `MetadataRenderer` can now be configured to render metadata as soon as
-        they are available. Create an instance with
-        `MetadataRenderer(MetadataOutput, Looper, MetadataDecoderFactory,
-        boolean)` to specify whether the renderer will output metadata early or
-        in sync with the player position.
 *   DASH:
     *   Parse ClearKey license URL from manifests
         ([#10246](https://github.com/google/ExoPlayer/issues/10246)).
diff --git a/constants.gradle b/constants.gradle
index 8752c6d8a9..abc8995fae 100644
--- a/constants.gradle
+++ b/constants.gradle
@@ -12,8 +12,8 @@
 // See the License for the specific language governing permissions and
 // limitations under the License.
 project.ext {
-    releaseVersion = '1.0.0-beta01'
-    releaseVersionCode = 1_000_000_1_01
+    releaseVersion = '1.0.0-beta02'
+    releaseVersionCode = 1_000_000_1_02
     minSdkVersion = 16
     appTargetSdkVersion = 29
     // Upgrading this requires [Internal ref: b/193254928] to be fixed, or some
diff --git a/libraries/common/src/main/java/androidx/media3/common/MediaLibraryInfo.java b/libraries/common/src/main/java/androidx/media3/common/MediaLibraryInfo.java
index 4e87f65806..62be209a9b 100644
--- a/libraries/common/src/main/java/androidx/media3/common/MediaLibraryInfo.java
+++ b/libraries/common/src/main/java/androidx/media3/common/MediaLibraryInfo.java
@@ -29,11 +29,11 @@ public final class MediaLibraryInfo {
 
   /** The version of the library expressed as a string, for example "1.2.3" or "1.2.3-beta01". */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION_INT) or vice versa.
-  public static final String VERSION = "1.0.0-beta01";
+  public static final String VERSION = "1.0.0-beta02";
 
   /** 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 = "AndroidXMedia3/1.0.0-beta01";
+  public static final String VERSION_SLASHY = "AndroidXMedia3/1.0.0-beta02";
 
   /**
    * The version of the library expressed as an integer, for example 1002003300.
@@ -47,7 +47,7 @@ public final class MediaLibraryInfo {
    * (123-045-006-3-00).
    */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final int VERSION_INT = 1_000_000_1_01;
+  public static final int VERSION_INT = 1_000_000_1_02;
 
   /** Whether the library was compiled with {@link Assertions} checks enabled. */
   public static final boolean ASSERTIONS_ENABLED = true;