diff --git a/NEWS b/NEWS
index 65e1e150d..71bec9874 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,24 @@
+Release 1.18.4 (2025-03-08 Emmanuele Bassi <ebassi@gnome.org>)
+==============================================================
+
+A new stable release.
+
+The dependency on LZO has been made optional through a build time
+configuration toggle. [!580]
+
+You can build Cairo against a Freetype installation that does not have the
+FT_Color type. [#792]
+
+Cairo tests now build on Solaris 11.4 with GCC 14. [!599]
+
+The DirectWrite backend now builds on MINGW 11. [!600]
+
+Thanks to Luca Bacci, the DirectWrite backend now supports font
+variations and proper glyph coverage. [#877, !602]
+
+Support for Windows 98 has been removed. The minimum requirement for
+Windows is now Vista.
+
 Release 1.18.2 (2024-09-01 Emmanuele Bassi <ebassi@gnome.org>)
 ==============================================================
 
diff --git a/src/cairo-version.h b/src/cairo-version.h
index be2ca59dc..7a7efd166 100644
--- a/src/cairo-version.h
+++ b/src/cairo-version.h
@@ -3,6 +3,6 @@
 
 #define CAIRO_VERSION_MAJOR 1
 #define CAIRO_VERSION_MINOR 18
-#define CAIRO_VERSION_MICRO 3
+#define CAIRO_VERSION_MICRO 4
 
 #endif