diff --git a/pkgs/applications/video/obs-studio/default.nix b/pkgs/applications/video/obs-studio/default.nix
index 87231c8bc4ab..5ae4c2510b57 100644
--- a/pkgs/applications/video/obs-studio/default.nix
+++ b/pkgs/applications/video/obs-studio/default.nix
@@ -67,15 +67,15 @@ let
   inherit (lib) optional optionals;
 
   cef = cef-binary.overrideAttrs (oldAttrs: {
-    version = "127.3.5";
+    version = "138.0.17";
     __intentionallyOverridingVersion = true; # `cef-binary` uses the overridden `srcHash` values in its source FOD
-    gitRevision = "114ea2a";
-    chromiumVersion = "127.0.6533.120";
+    gitRevision = "ac9b751";
+    chromiumVersion = "138.0.7204.97";
 
     srcHash =
       {
-        aarch64-linux = "sha256-s8dR97rAO0mCUwbpYnPWyY3t8movq05HhZZKllhZdBs=";
-        x86_64-linux = "sha256-57E7bZKpViWno9W4AaaSjL9B4uxq+rDXAou1tsiODUg=";
+        aarch64-linux = "sha256-kdO7c9oUfv0HK8wTmvYzw9S6EapnSGEQNCGN9D1JSL0=";
+        x86_64-linux = "sha256-3qgIhen6l/kxttyw0z78nmwox62riVhlmFSGPkUot7g=";
       }
       .${stdenv.hostPlatform.system} or (throw "unsupported system ${stdenv.hostPlatform.system}");
   });