diff --git a/Doxygen b/Doxygen
index a7e662158..40c92752a 100644
--- a/Doxygen
+++ b/Doxygen
@@ -38,7 +38,7 @@ PROJECT_NAME           = "ESPHome"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 2023.5.1
+PROJECT_NUMBER         = 2023.5.2
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/Makefile b/Makefile
index ad92c6d10..978b2eb5f 100644
--- a/Makefile
+++ b/Makefile
@@ -1,5 +1,5 @@
 ESPHOME_PATH = ../esphome
-ESPHOME_REF = 2023.5.1
+ESPHOME_REF = 2023.5.2
 
 .PHONY: html html-strict cleanhtml deploy help live-html Makefile netlify netlify-api api netlify-dependencies svg2png copy-svg2png minify
 
diff --git a/_static/version b/_static/version
index 17c91dc37..45b7ebbb8 100644
--- a/_static/version
+++ b/_static/version
@@ -1 +1 @@
-2023.5.1
\ No newline at end of file
+2023.5.2
\ No newline at end of file
diff --git a/changelog/2023.5.0.rst b/changelog/2023.5.0.rst
index b79b2e897..0c1f411d1 100644
--- a/changelog/2023.5.0.rst
+++ b/changelog/2023.5.0.rst
@@ -60,6 +60,11 @@ Release 2023.5.1 - May 18
 - Remove i2c dependency from ttp229_bsf :esphomepr:`4851` by :ghuser:`jesserockz`
 - Sprinkler fixes :esphomepr:`4816` by :ghuser:`kbx81`
 
+Release 2023.5.2 - May 22
+-------------------------
+
+- Fix i2s_audio media_player mutex acquisition :esphomepr:`4867` by :ghuser:`kroimon`
+
 Full list of changes
 --------------------
 
diff --git a/conf.py b/conf.py
index 6ee053cdc..ac238031b 100644
--- a/conf.py
+++ b/conf.py
@@ -69,7 +69,7 @@ author = "ESPHome"
 # The short X.Y version.
 version = "2023.5"
 # The full version, including alpha/beta/rc tags.
-release = "2023.5.1"
+release = "2023.5.2"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/guides/supporters.rst b/guides/supporters.rst
index 00e367f0c..524e78c05 100644
--- a/guides/supporters.rst
+++ b/guides/supporters.rst
@@ -368,7 +368,6 @@ Contributors
 - `Eric Muehlstein (@emuehlstein) <https://github.com/emuehlstein>`__
 - `Anders Persson (@emwap) <https://github.com/emwap>`__
 - `Bert (@Engelbert) <https://github.com/Engelbert>`__
-- `Nico Weichbrodt (@envy) <https://github.com/envy>`__
 - `Evan Petousis (@epetousis) <https://github.com/epetousis>`__
 - `Josh Gwosdz (@erdii) <https://github.com/erdii>`__
 - `Eric Coffman (@ericbrian) <https://github.com/ericbrian>`__
@@ -831,7 +830,6 @@ Contributors
 - `Joakim Vindgard (@nigobo) <https://github.com/nigobo>`__
 - `nikito7 (@nikito7) <https://github.com/nikito7>`__
 - `niklasweber (@niklasweber) <https://github.com/niklasweber>`__
-- `Niorix (@Niorix) <https://github.com/Niorix>`__
 - `Zvonimir Haramustek (@nitko12) <https://github.com/nitko12>`__
 - `Nixspers (@Nixspers) <https://github.com/Nixspers>`__
 - `Dennis (@Nizzle) <https://github.com/Nizzle>`__
@@ -872,6 +870,7 @@ Contributors
 - `Victor Tseng (@Palatis) <https://github.com/Palatis>`__
 - `Derrick Lyndon Pallas (@pallas) <https://github.com/pallas>`__
 - `Panuruj Khambanonda (PK) (@panuruj) <https://github.com/panuruj>`__
+- `Daniel Mahaney (@Papa-DMan) <https://github.com/Papa-DMan>`__
 - `Patrick Collins (@patrickcollins12) <https://github.com/patrickcollins12>`__
 - `Paul Deen (@PaulAntonDeen) <https://github.com/PaulAntonDeen>`__
 - `Paul Monigatti (@paulmonigatti) <https://github.com/paulmonigatti>`__
@@ -968,6 +967,7 @@ Contributors
 - `Sam Turner (@samturner3) <https://github.com/samturner3>`__
 - `Sender (@sanderlv) <https://github.com/sanderlv>`__
 - `sascha lammers (@sascha432) <https://github.com/sascha432>`__
+- `Davide Perini (@sblantipodi) <https://github.com/sblantipodi>`__
 - `sbur83 (@sbur83) <https://github.com/sbur83>`__
 - `Søren Christian Aarup (@scaarup) <https://github.com/scaarup>`__
 - `Matthew Schinckel (@schinckel) <https://github.com/schinckel>`__
@@ -1044,6 +1044,7 @@ Contributors
 - `testbughub (@testbughub) <https://github.com/testbughub>`__
 - `Greg Lincoln (@tetious) <https://github.com/tetious>`__
 - `Terry Hardie (@thardie) <https://github.com/thardie>`__
+- `thatslolo (@thatslolo) <https://github.com/thatslolo>`__
 - `The-Paran0id-Andr0id (@The-Paran0id-Andr0id) <https://github.com/The-Paran0id-Andr0id>`__
 - `Thomas Eckerstorfer (@TheEggi) <https://github.com/TheEggi>`__
 - `Theexternaldisk (@Theexternaldisk) <https://github.com/Theexternaldisk>`__
@@ -1155,4 +1156,4 @@ Contributors
 - `Zack Barett (@zsarnett) <https://github.com/zsarnett>`__
 - `Christian Zufferey (@zuzu59) <https://github.com/zuzu59>`__
 
-*This page was last updated May 18, 2023.*
+*This page was last updated May 22, 2023.*