diff --git a/libs/libwebp/Makefile b/libs/libwebp/Makefile
index 34510345b5..def4dc06df 100644
--- a/libs/libwebp/Makefile
+++ b/libs/libwebp/Makefile
@@ -1,12 +1,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libwebp
-PKG_VERSION:=1.1.0
-PKG_RELEASE:=2
+PKG_VERSION:=1.2.0
+PKG_RELEASE:=$(AUTORELEASE)
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://storage.googleapis.com/downloads.webmproject.org/releases/webp
-PKG_HASH:=98a052268cc4d5ece27f76572a7f50293f439c17a98e67c4ea0c7ed6f50ef043
+PKG_HASH:=2fc8bbde9f97f2ab403c0224fb9ca62b2e6852cbc519e91ceaa7c153ffd88a0c
 
 PKG_MAINTAINER:=
 PKG_LICENSE:=BSD-3-Clause
@@ -51,7 +51,7 @@ TARGET_CFLAGS += -flto
 
 define Package/libwebp/install
 	$(INSTALL_DIR) $(1)/usr/lib
-	$(CP) $(PKG_INSTALL_DIR)/usr/lib/libwebp.s* $(1)/usr/lib/
+	$(CP) $(PKG_INSTALL_DIR)/usr/lib/libwebp*.s* $(1)/usr/lib/
 endef
 
 $(eval $(call BuildPackage,libwebp))
diff --git a/libs/libwebp/patches/010-mips16.patch b/libs/libwebp/patches/010-mips16.patch
index 3e69770ace..669773d152 100644
--- a/libs/libwebp/patches/010-mips16.patch
+++ b/libs/libwebp/patches/010-mips16.patch
@@ -1,6 +1,6 @@
 --- a/src/dsp/dsp.h
 +++ b/src/dsp/dsp.h
-@@ -95,7 +95,7 @@ extern "C" {
+@@ -97,7 +97,7 @@ extern "C" {
  #define WEBP_USE_INTRINSICS
  #endif