diff --git a/pkgs/development/libraries/libwebp/default.nix b/pkgs/development/libraries/libwebp/default.nix
index b0457e76f2f..c11f70290a4 100644
--- a/pkgs/development/libraries/libwebp/default.nix
+++ b/pkgs/development/libraries/libwebp/default.nix
@@ -27,11 +27,11 @@ in
 with stdenv.lib;
 stdenv.mkDerivation rec {
   name = "libwebp-${version}";
-  version = "1.0.2";
+  version = "1.0.3";
 
   src = fetchurl {
     url = "http://downloads.webmproject.org/releases/webp/${name}.tar.gz";
-    sha256 = "1cb4sm6h1czvk9kqqgld3g5f0d9qv60xnbbv0kl7cr7d826b8irx";
+    sha256 = "0kxk4sic34bln3k09mml7crvrmhj97swdk7b1ahbp5w6bj30f2p2";
   };
 
   configureFlags = [