diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index fe1e61af2..5ed1b831f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,7 +1,7 @@
 {
 	"go": "1.1.1",
 	"sdk/@launchdarkly/observability": "1.1.8",
-	"sdk/@launchdarkly/observability-android": "0.45.0",
+	"sdk/@launchdarkly/observability-android": "0.46.0",
 	"sdk/@launchdarkly/observability-dotnet": "1.1.0",
 	"sdk/@launchdarkly/observability-node": "1.1.1",
 	"sdk/@launchdarkly/observability-python": "1.2.1",
diff --git a/sdk/@launchdarkly/observability-android/CHANGELOG.md b/sdk/@launchdarkly/observability-android/CHANGELOG.md
index acf3fd951..3dc6535db 100644
--- a/sdk/@launchdarkly/observability-android/CHANGELOG.md
+++ b/sdk/@launchdarkly/observability-android/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.46.0](https://github.com/launchdarkly/observability-sdk/compare/launchdarkly-observability-android-0.45.0...launchdarkly-observability-android-0.46.0) (2026-05-08)
+
+
+### Features
+
+* Android LDObserve / LDReplay thread-safe API ([#537](https://github.com/launchdarkly/observability-sdk/issues/537)) ([9381073](https://github.com/launchdarkly/observability-sdk/commit/9381073eced2933a4b2e7d04ad90cbdb15c0ff3f))
+
 ## [0.45.0](https://github.com/launchdarkly/observability-sdk/compare/launchdarkly-observability-android-0.44.0...launchdarkly-observability-android-0.45.0) (2026-05-05)
 
 
diff --git a/sdk/@launchdarkly/observability-android/gradle.properties b/sdk/@launchdarkly/observability-android/gradle.properties
index 432210aa4..bdc9f850a 100644
--- a/sdk/@launchdarkly/observability-android/gradle.properties
+++ b/sdk/@launchdarkly/observability-android/gradle.properties
@@ -5,5 +5,5 @@ android.useAndroidX=true
 org.jetbrains.dokka.experimental.gradle.pluginMode=V2EnabledWithHelpers
 
 #x-release-please-start-version
-version=0.45.0
+version=0.46.0
 #x-release-please-end