diff --git a/devel/py-pydantic/Makefile b/devel/py-pydantic/Makefile
index 16fc5da89b2f..c9af4c71a40e 100644
--- a/devel/py-pydantic/Makefile
+++ b/devel/py-pydantic/Makefile
@@ -1,25 +1,25 @@
 PORTNAME=	pydantic
-DISTVERSION=	1.10.11
+DISTVERSION=	1.10.12
 CATEGORIES=	devel python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Data validation and settings management using python 3.6 type hinting
 WWW=		https://github.com/samuelcolvin/pydantic
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}typing-extensions>=4.2.0:devel/py-typing-extensions@${PY_FLAVOR}
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}hypothesis>0:devel/py-hypothesis@${PY_FLAVOR}
 
 USES=		cpe python
-USE_PYTHON=	distutils cython autoplist pytest # tests fail to run, see https://github.com/pydantic/pydantic/issues/4535
+USE_PYTHON=	distutils cython autoplist pytest # tests fail to run, see https://github.com/pydantic/pydantic/issues/4535, https://github.com/HypothesisWorks/hypothesis/issues/3703
 
 CPE_VENDOR=	pydantic_project
 
 post-install:
 	@${STRIP_CMD} ${STAGEDIR}${PYTHON_SITELIBDIR}/pydantic/*${PYTHON_EXT_SUFFIX}.so
 
 .include <bsd.port.mk>
diff --git a/devel/py-pydantic/distinfo b/devel/py-pydantic/distinfo
index 563792942656..0085a8706513 100644
--- a/devel/py-pydantic/distinfo
+++ b/devel/py-pydantic/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1688537653
-SHA256 (pydantic-1.10.11.tar.gz) = f66d479cf7eb331372c470614be6511eae96f1f120344c25f3f9bb59fb1b5528
-SIZE (pydantic-1.10.11.tar.gz) = 347379
+TIMESTAMP = 1690260283
+SHA256 (pydantic-1.10.12.tar.gz) = 0fe8a415cea8f340e7a9af9c54fc71a649b43e8ca3cc732986116b3cb135d303
+SIZE (pydantic-1.10.12.tar.gz) = 347745