diff --git a/multimedia/libtheora/Makefile b/multimedia/libtheora/Makefile
index fa452d1331e5..d581695c0bec 100644
--- a/multimedia/libtheora/Makefile
+++ b/multimedia/libtheora/Makefile
@@ -1,36 +1,34 @@
 PORTNAME=	libtheora
-PORTVERSION=	1.1.1
-PORTREVISION=	7
+PORTVERSION=	1.2.0
 CATEGORIES=	multimedia
 MASTER_SITES=	https://downloads.xiph.org/releases/theora/ \
 		https://ftp.osuosl.org/pub/xiph/releases/theora/
 
 MAINTAINER=	multimedia@FreeBSD.org
 COMMENT=	Theora video codec for the Ogg multimedia streaming system
 WWW=		https://www.theora.org/
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/COPYING
 
-LIB_DEPENDS=	libogg.so:audio/libogg \
-		libvorbis.so:audio/libvorbis
+LIB_DEPENDS=	libogg.so:audio/libogg
 
-USES=		libtool localbase pathfix tar:bzip2
+USES=		libtool localbase pathfix tar:xz
 GNU_CONFIGURE=	yes
 CONFIGURE_ARGS=	--disable-sdltest \
 		--disable-examples
 INSTALL_TARGET=	install-strip
 TEST_TARGET=	check
 USE_LDCONFIG=	yes
 
 .include <bsd.port.options.mk>
 
 post-patch:
 	@${REINPLACE_CMD} -e 's|doc||g' ${WRKSRC}/Makefile.in
 	@${REINPLACE_CMD} -e 's,  x86_64),  x86_64|amd64),; \
 		/ac_lib/ s,compat,,' ${WRKSRC}/configure
 .if ${ARCH}=="amd64"
 	@${REINPLACE_CMD} -e 's|#define OC_X86_ASM|#undef OC_X86_ASM|' ${WRKSRC}/configure
 .endif
 
 .include <bsd.port.mk>
diff --git a/multimedia/libtheora/distinfo b/multimedia/libtheora/distinfo
index f84c703778ad..035287a9fa29 100644
--- a/multimedia/libtheora/distinfo
+++ b/multimedia/libtheora/distinfo
@@ -1,2 +1,3 @@
-SHA256 (libtheora-1.1.1.tar.bz2) = b6ae1ee2fa3d42ac489287d3ec34c5885730b1296f0801ae577a35193d3affbc
-SIZE (libtheora-1.1.1.tar.bz2) = 1903175
+TIMESTAMP = 1766633951
+SHA256 (libtheora-1.2.0.tar.xz) = ebdf77a8f5c0a8f7a9e42323844fa09502b34eb1d1fece7b5f54da41fe2122ec
+SIZE (libtheora-1.2.0.tar.xz) = 1803124
diff --git a/multimedia/libtheora/files/patch-Makefile.in b/multimedia/libtheora/files/patch-Makefile.in
index cff2df8d6c68..b44ea4bcdeab 100644
--- a/multimedia/libtheora/files/patch-Makefile.in
+++ b/multimedia/libtheora/files/patch-Makefile.in
@@ -1,11 +1,11 @@
---- Makefile.in.orig	2009-10-01 18:04:07.000000000 +0000
-+++ Makefile.in	2009-12-21 01:17:02.000000000 +0000
-@@ -200,7 +200,7 @@
- 	missing mkinstalldirs theora-uninstalled.pc.in theora.pc.in \
- 	theoradec-uninstalled.pc.in theoradec.pc.in \
- 	theoraenc-uninstalled.pc.in theoraenc.pc.in
+--- Makefile.in.orig	2025-03-29 06:07:40 UTC
++++ Makefile.in
+@@ -191,7 +191,7 @@ am__define_uniq_tagged_files = \
+   unique=`for i in $$list; do \
+     if test -f "$$i"; then echo $$i; else echo $(srcdir)/$$i; fi; \
+   done | $(am__uniquify_input)`
 -DIST_SUBDIRS = lib include doc tests m4 examples
 +DIST_SUBDIRS = lib include m4
- all: config.h
- 	$(MAKE) $(AM_MAKEFLAGS) all-recursive
- 
+ am__DIST_COMMON = $(srcdir)/Makefile.in $(srcdir)/config.h.in \
+ 	$(srcdir)/libtheora.spec.in $(srcdir)/theora-uninstalled.pc.in \
+ 	$(srcdir)/theora.pc.in $(srcdir)/theoradec-uninstalled.pc.in \
diff --git a/multimedia/libtheora/files/patch-configure b/multimedia/libtheora/files/patch-configure
deleted file mode 100644
index 229295fb60c4..000000000000
--- a/multimedia/libtheora/files/patch-configure
+++ /dev/null
@@ -1,15 +0,0 @@
---- configure.orig	2014-02-11 10:04:07.000000000 +0100
-+++ configure	2014-02-11 21:06:31.000000000 +0100
-@@ -11863,7 +11863,11 @@
-         case $host in
-         *)
-                 DEBUG="-g -Wall -Wno-parentheses -DDEBUG -D__NO_MATH_INLINES"
--                CFLAGS="-Wall -Wno-parentheses -O3 -fforce-addr -fomit-frame-pointer -finline-functions -funroll-loops"
-+                if $CC -v 2>&1 | grep clang > /dev/null; then
-+                        CFLAGS="-Wall -Wno-parentheses -O3 -fomit-frame-pointer -finline-functions -funroll-loops"
-+                else
-+                        CFLAGS="-Wall -Wno-parentheses -O3 -fforce-addr -fomit-frame-pointer -finline-functions -funroll-loops"
-+                fi
-                 PROFILE="-Wall -Wno-parentheses -pg -g -O3 -fno-inline-functions -DDEBUG";;
-         esac
- fi
diff --git a/multimedia/libtheora/pkg-plist b/multimedia/libtheora/pkg-plist
index b14279cb545d..96dc3ac10b56 100644
--- a/multimedia/libtheora/pkg-plist
+++ b/multimedia/libtheora/pkg-plist
@@ -1,19 +1,19 @@
 include/theora/theora.h
 include/theora/codec.h
 include/theora/theoraenc.h
 include/theora/theoradec.h
 lib/libtheora.a
 lib/libtheora.so
-lib/libtheora.so.0
-lib/libtheora.so.0.3.10
+lib/libtheora.so.1
+lib/libtheora.so.1.4.1
 lib/libtheoradec.a
 lib/libtheoradec.so
-lib/libtheoradec.so.1
-lib/libtheoradec.so.1.1.4
+lib/libtheoradec.so.2
+lib/libtheoradec.so.2.1.1
 lib/libtheoraenc.a
 lib/libtheoraenc.so
-lib/libtheoraenc.so.1
-lib/libtheoraenc.so.1.1.2
+lib/libtheoraenc.so.2
+lib/libtheoraenc.so.2.2.1
 libdata/pkgconfig/theora.pc
 libdata/pkgconfig/theoraenc.pc
 libdata/pkgconfig/theoradec.pc