diff --git a/.gitignore b/.gitignore
index 6722d23..78f8279 100644
--- a/.gitignore
+++ b/.gitignore
@@ -29,3 +29,5 @@
 /openh264-2.3.0.tar.gz
 /openh264-2.3.1.tar.gz
 /gst-plugins-bad-openh264-1.22.1.tar.xz
+/openh264-2.4.0.tar.gz
+/gmp-api-e7d30b9.tar.gz
diff --git a/openh264.spec b/openh264.spec
index e54e3da..496ba3f 100644
--- a/openh264.spec
+++ b/openh264.spec
@@ -1,15 +1,15 @@
 # To get the gmp-api commit to use, run:
 # rm -rf gmp-api;make gmp-bootstrap;cd gmp-api;git rev-parse HEAD
-%global commit1 3a01c086d1b0394238ff1b5ad22e76022830625a
+%global commit1 e7d30b921df736a1121a0c8e0cf3ab1ce5b8a4b7
 %global shortcommit1 %(c=%{commit1}; echo ${c:0:7})
 
-%global openh264_version 2.3.1
+%global openh264_version 2.4.0
 %global gst_version 1.22.1
 
 Name:           openh264
 Version:        %{openh264_version}
 # Also bump the Release tag for gstreamer1-plugin-openh264 down below
-Release:        4%{?dist}
+Release:        1%{?dist}
 Summary:        H.264 codec library
 
 License:        BSD
@@ -224,6 +224,9 @@ popd
 
 
 %changelog
+* Fri Nov 24 2023 Kalev Lember <klember@redhat.com> - 2.4.0-1
+- Update to 2.4.0
+
 * Wed Nov 22 2023 NoisyCoil <noisycoil@tutanota.com> - 2.3.1-4
 - Set MOZ_GMP_PATH for fish user shell
 - Partially resolves: rhbz#2250527
diff --git a/sources b/sources
index bd94f35..b3463e1 100644
--- a/sources
+++ b/sources
@@ -1,3 +1,3 @@
-SHA512 (gmp-api-3a01c08.tar.gz) = a6383834391d98754177b54df31d006144b5cad952df60115fd12fb6f0c87e571a10f9ce7276b817e4137efd97ffa7bca5092e289b0eb7cde2a3ad923319e874
+SHA512 (gmp-api-e7d30b9.tar.gz) = f1c75007d4f1e1ef3a11b8eb9c703935408a5e4051c8eab408e4edc09f265a71f172025269442fdab9d4c2a8b108fa69397bfbd84af4ecda22881b50de804de9
 SHA512 (gst-plugins-bad-openh264-1.22.1.tar.xz) = 45cfb95beb2467b35d47e312ce567a9ea01f57743d001f21dca42b7e4fa1271c431f53d2fc6862fcfbfa22f067f65ffbce9b0e3de0f05f32bd48a5292ed85e30
-SHA512 (openh264-2.3.1.tar.gz) = fd59c767794cdfb934d692d5929e4500d78606cbf1e403bc7c7dce048cc07e40daa0794357adb856d29479427a53460c76338e156b6bbeaa36139afcd603c8e1
+SHA512 (openh264-2.4.0.tar.gz) = dc66986e84ad328e1615384e7bff93d6eaac42a68e87d9c9b59f55d9f90efd13dc87637a7e3b8c9694634dfa82351c5944828f3f478286608e362e014dd70ca1