diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8edc5ff48f..ea40fbb6c7 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-    ".": "1.32.0"
+    ".": "1.33.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6639ee0023..1b2bf2a998 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,13 @@
 All notable changes to this project will be documented in this file.
 
 
+## [1.33.0](https://github.com/microsoftgraph/msgraph-sdk-python/compare/v1.32.0...v1.33.0) (2025-06-10)
+
+
+### Features
+
+* **generation:** update request builders and models ([2cb94a6](https://github.com/microsoftgraph/msgraph-sdk-python/commit/2cb94a6e5c48aa92bc03242f2e5b2e6987b258b9))
+
 ## [1.32.0](https://github.com/microsoftgraph/msgraph-sdk-python/compare/v1.31.0...v1.32.0) (2025-06-03)
 
 
diff --git a/msgraph/_version.py b/msgraph/_version.py
index 2ea334cc4a..cd8a465f14 100644
--- a/msgraph/_version.py
+++ b/msgraph/_version.py
@@ -1,4 +1,4 @@
 # The SDK version
 # x-release-please-start-version
-VERSION: str = '1.32.0'
+VERSION: str = '1.33.0'
 # x-release-please-end
diff --git a/pyproject.toml b/pyproject.toml
index 67f338e6fc..7eac4b98c6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "flit_core.buildapi"
 name = "msgraph-sdk"
 # The SDK version
 # x-release-please-start-version
-version = "1.32.0"
+version = "1.33.0"
 # x-release-please-end
 authors = [{name = "Microsoft", email = "graphtooling+python@microsoft.com"}]
 description = "The Microsoft Graph Python SDK"