diff --git a/sdk/identity/azure-identity-broker/CHANGELOG.md b/sdk/identity/azure-identity-broker/CHANGELOG.md
index 22646cbf4b68..3008a6dd1089 100644
--- a/sdk/identity/azure-identity-broker/CHANGELOG.md
+++ b/sdk/identity/azure-identity-broker/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.3.0b2 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.3.0b1 (2024-11-05)
 
 ### Features Added
diff --git a/sdk/identity/azure-identity-broker/azure/identity/broker/_version.py b/sdk/identity/azure-identity-broker/azure/identity/broker/_version.py
index 638952e83679..fbeb8a88cbe6 100644
--- a/sdk/identity/azure-identity-broker/azure/identity/broker/_version.py
+++ b/sdk/identity/azure-identity-broker/azure/identity/broker/_version.py
@@ -2,4 +2,4 @@
 # Copyright (c) Microsoft Corporation.
 # Licensed under the MIT License.
 # ------------------------------------
-VERSION = "1.3.0b1"
+VERSION = "1.3.0b2"
diff --git a/sdk/identity/azure-identity-broker/setup.py b/sdk/identity/azure-identity-broker/setup.py
index b0b7fa369b14..c1a80078b605 100644
--- a/sdk/identity/azure-identity-broker/setup.py
+++ b/sdk/identity/azure-identity-broker/setup.py
@@ -41,7 +41,7 @@
     url="https://github.com/Azure/azure-sdk-for-python/tree/main/sdk/identity/azure-identity-broker",
     keywords="azure, azure sdk",
     classifiers=[
-        "Development Status :: 5 - Production/Stable",
+        "Development Status :: 4 - Beta",
         "Programming Language :: Python",
         "Programming Language :: Python :: 3 :: Only",
         "Programming Language :: Python :: 3",