diff --git a/nbdkit.spec b/nbdkit.spec
index 40bda8f..7917b85 100644
--- a/nbdkit.spec
+++ b/nbdkit.spec
@@ -49,10 +49,10 @@ ExclusiveArch:  x86_64
 %global patches_touch_autotools %{nil}
 
 # The source directory.
-%global source_directory 1.33-development
+%global source_directory 1.34-stable
 
 Name:           nbdkit
-Version:        1.33.12
+Version:        1.34.0
 Release:        1%{?dist}
 Summary:        NBD server
 
@@ -1243,6 +1243,9 @@ export LIBGUESTFS_TRACE=1
 
 
 %changelog
+* Fri Apr 14 2023 Richard W.M. Jones <rjones@redhat.com> - 1.34.0-1
+- New upstream stable version 1.34.0
+
 * Thu Apr 13 2023 Richard W.M. Jones <rjones@redhat.com> - 1.33.12-1
 - New upstream development version 1.33.12
 
diff --git a/sources b/sources
index fbaa80a..1137953 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (nbdkit-1.33.12.tar.gz) = 8d74b2e015a1811feb07010a552034b088a2c65b4cba45822ed14e1f9c8e622ae2279e1b0ea14492a3d6782a1172df6faa077ac6e60e0b87d2158d9a250bb73f
-SHA512 (nbdkit-1.33.12.tar.gz.sig) = 70b931e3d39cb87b7f7cb76a282b38377318527af812af0c5eaf5abab97da18e0fe430a335bca365328ab06bd61324f5df35e1613379a4089f64ac66e3f9eabb
+SHA512 (nbdkit-1.34.0.tar.gz) = 5d78708652da2ea9c9330bdbed3aabcd159a1517eb02c32adfbecf6e65ecc2769d37c8c114b32a2502552188fabedcb24ab0c7c44897482efffd9f5653af98f0
+SHA512 (nbdkit-1.34.0.tar.gz.sig) = 7fe99502d59760a6ae6dc5cdcae35b6eb14720f654d667160892eec9d746817305afd82dbf7c1ecf164acbc6f1140039af1c10885fefeb380244d6e1bf2ead7c