diff --git a/net/libngtcp2/Makefile b/net/libngtcp2/Makefile
index dadf74e5e2d5..4409c5b6bece 100644
--- a/net/libngtcp2/Makefile
+++ b/net/libngtcp2/Makefile
@@ -1,23 +1,23 @@
 # Created by: Po-Chuan Hsieh <sunpoet@FreeBSD.org>
 
 PORTNAME=	ngtcp2
-PORTVERSION=	0.4.0
+PORTVERSION=	0.5.0
 CATEGORIES=	net
 MASTER_SITES=	https://github.com/ngtcp2/ngtcp2/releases/download/v${PORTVERSION}/
 PKGNAMEPREFIX=	lib
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Implementation of QUIC protocol
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/COPYING
 
 USES=		compiler:c++17-lang libtool pathfix pkgconfig ssl tar:xz
 
 CONFIGURE_ARGS=	--enable-lib-only --with-jemalloc
 GNU_CONFIGURE=	yes
 INSTALL_TARGET=	install-strip
 USE_CXXSTD=	c++17
 USE_LDCONFIG=	yes
 
 .include <bsd.port.mk>
diff --git a/net/libngtcp2/distinfo b/net/libngtcp2/distinfo
index 009573488cd8..2b4fc4638ea6 100644
--- a/net/libngtcp2/distinfo
+++ b/net/libngtcp2/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1652122571
-SHA256 (ngtcp2-0.4.0.tar.xz) = 27804d9dbe7f246314908809de745fc93431cc91befb7b5bb4db6886082e9140
-SIZE (ngtcp2-0.4.0.tar.xz) = 573692
+TIMESTAMP = 1653925892
+SHA256 (ngtcp2-0.5.0.tar.xz) = c74659f612ed6e88313c55f2fd830f61009996d2112c2c3a1faf78413710b9d9
+SIZE (ngtcp2-0.5.0.tar.xz) = 570732
diff --git a/net/libngtcp2/pkg-plist b/net/libngtcp2/pkg-plist
index 38f3b002b9d1..2f1205e47c2f 100644
--- a/net/libngtcp2/pkg-plist
+++ b/net/libngtcp2/pkg-plist
@@ -1,7 +1,7 @@
 include/ngtcp2/ngtcp2.h
 include/ngtcp2/version.h
 lib/libngtcp2.a
 lib/libngtcp2.so
 lib/libngtcp2.so.3
-lib/libngtcp2.so.3.0.0
+lib/libngtcp2.so.3.1.0
 libdata/pkgconfig/libngtcp2.pc