diff --git a/CHANGELOG.md b/CHANGELOG.md
index 97dc9b18..cbfb1787 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,26 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 2.5.0
+
+([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.4.0...675dba6adaa4cec879c9b4c4e85c07020ee88519))
+
+### Enhancements made
+
+- Emit telemetry events on success and failure of the Create Job, Create Job Definition, Create Job from Job Definition hooks [#472](https://github.com/jupyter-server/jupyter-scheduler/pull/472) ([@andrii-i](https://github.com/andrii-i))
+
+### Maintenance and upkeep improvements
+
+- Bump @babel/traverse from 7.19.0 to 7.23.7 [#474](https://github.com/jupyter-server/jupyter-scheduler/pull/474) ([@dependabot](https://github.com/dependabot))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyter-server/jupyter-scheduler/graphs/contributors?from=2023-11-16&to=2024-01-23&type=c))
+
+[@andrii-i](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Aandrii-i+updated%3A2023-11-16..2024-01-23&type=Issues) | [@dependabot](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Adependabot+updated%3A2023-11-16..2024-01-23&type=Issues) | [@pre-commit-ci](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Apre-commit-ci+updated%3A2023-11-16..2024-01-23&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 2.4.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.3.0...caa3c1c75d6d03498972aec5bad0b67095a22f62))
@@ -20,8 +40,6 @@
 
 [@JasonWeill](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3AJasonWeill+updated%3A2023-11-01..2023-11-16&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 2.3.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.2.0...e4986ce481a4b7626179bd264cd2523c3c32dee7))
diff --git a/jupyter_scheduler/_version.py b/jupyter_scheduler/_version.py
index 9b84e657..2e0169b2 100644
--- a/jupyter_scheduler/_version.py
+++ b/jupyter_scheduler/_version.py
@@ -3,5 +3,5 @@
 
 __all__ = ["__version__"]
 
-version_info = (2, 4, 0, "", "")
+version_info = (2, 5, 0, "", "")
 __version__ = ".".join(map(str, version_info[:3])) + "".join(version_info[3:])
diff --git a/package.json b/package.json
index ac31fff2..935de5a5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyterlab/scheduler",
-  "version": "2.4.0",
+  "version": "2.5.0",
   "description": "A JupyterLab extension for running notebook jobs",
   "keywords": [
     "jupyter",
diff --git a/pyproject.toml b/pyproject.toml
index 356d8def..6e65e6fd 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "jupyter_scheduler"
-version = "2.4.0"
+version = "2.5.0"
 description = "A JupyterLab extension for running notebook jobs"
 readme = "README.md"
 license = { file = "LICENSE" }
@@ -93,7 +93,7 @@ source_dir = "src"
 build_dir = "jupyter_scheduler/labextension"
 
 [tool.tbump.version]
-current = "2.4.0"
+current = "2.5.0"
 regex = "(?P<major>\\d+)\\.(?P<minor>\\d+)\\.(?P<patch>\\d+)((?P<channel>a|b|rc|.dev)(?P<release>\\d+))?"
 
 [[tool.tbump.file]]