diff --git a/RELEASENOTES.md b/RELEASENOTES.md
index 24da37808b..379b84b4e7 100644
--- a/RELEASENOTES.md
+++ b/RELEASENOTES.md
@@ -1,11 +1,11 @@
 # Release notes #
 
-### r2.5.0-beta1 ###
+### r2.5.0 (beta) ###
 
 * IMA extension: Wraps the Google Interactive Media Ads (IMA) SDK to provide an
   easy and seamless way of incorporating display ads into ExoPlayer playbacks.
-  You can read more about the IMA extension *A link to a blog post about this
-  extension will be added here prior to the stable 2.5.0 release.*
+  You can read more about the IMA extension
+  [here](https://medium.com/google-exoplayer/playing-ads-with-exoplayer-and-ima-868dfd767ea).
 * MediaSession extension: Provides an easy to to connect ExoPlayer with
   MediaSessionCompat in the Android Support Library. *A link to a blog post
   about this extension will be added here prior to the stable 2.5.0 release.*
@@ -48,6 +48,8 @@
   ([#889](https://github.com/google/ExoPlayer/issues/889)).
 * AndroidTV: Fixed issue where tunneled video playback would not start on some
   devices ([#2985](https://github.com/google/ExoPlayer/issues/2985)).
+* MPEG-TS: Fixed segmentation issue when parsing H262
+  ([#2891](https://github.com/google/ExoPlayer/issues/2891)).
 * Cronet extension: Support for a user-defined fallback if Cronet library is not
   present.
 * Misc bugfixes.
diff --git a/constants.gradle b/constants.gradle
index 73b80f6a83..0db74945c4 100644
--- a/constants.gradle
+++ b/constants.gradle
@@ -24,7 +24,7 @@ project.ext {
     supportLibraryVersion = '25.4.0'
     dexmakerVersion = '1.2'
     mockitoVersion = '1.9.5'
-    releaseVersion = 'r2.5.0-beta1'
+    releaseVersion = 'r2.5.0-beta2'
     modulePrefix = ':'
     if (gradle.ext.has('exoplayerModulePrefix')) {
         modulePrefix += gradle.ext.exoplayerModulePrefix
diff --git a/library/core/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java b/library/core/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
index 2abdfe5aee..c04a777e14 100644
--- a/library/core/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
+++ b/library/core/src/main/java/com/google/android/exoplayer2/ExoPlayerLibraryInfo.java
@@ -31,13 +31,13 @@ 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 = "2.5.0-beta1";
+  public static final String VERSION = "2.5.0-beta2";
 
   /**
    * The version of the library expressed as {@code "ExoPlayerLib/" + VERSION}.
    */
   // Intentionally hardcoded. Do not derive from other constants (e.g. VERSION) or vice versa.
-  public static final String VERSION_SLASHY = "ExoPlayerLib/2.5.0-beta1";
+  public static final String VERSION_SLASHY = "ExoPlayerLib/2.5.0-beta2";
 
   /**
    * The version of the library expressed as an integer, for example 1002003.