diff --git a/pkgs/misc/emulators/ppsspp/default.nix b/pkgs/misc/emulators/ppsspp/default.nix
index 124b8cb8e690..b84d18a4e7a0 100644
--- a/pkgs/misc/emulators/ppsspp/default.nix
+++ b/pkgs/misc/emulators/ppsspp/default.nix
@@ -1,6 +1,5 @@
 { mkDerivation
 , fetchFromGitHub
-, fetchpatch
 , SDL2
 , cmake
 , ffmpeg
@@ -17,25 +16,16 @@
 
 mkDerivation rec {
   pname = "ppsspp";
-  version = "1.11";
+  version = "1.12.3";
 
   src = fetchFromGitHub {
     owner = "hrydgard";
     repo = pname;
     rev = "v${version}";
     fetchSubmodules = true;
-    sha256 = "sha256-vfp/vacIItlPP5dR7jzDT7oOUNFnjvvdR46yi79EJKU=";
+    sha256 = "sha256-S16rTB0svksW5MwrPV/+qpTK4uKZ7mFcmbOyEmMmzhY=";
   };
 
-  patches = [
-     # fix compability with ffmpeg 4.4, remove on next release after 1.11
-    (fetchpatch {
-      name = "fix_ffmpeg_4.4.patch";
-      url = "https://patch-diff.githubusercontent.com/raw/hrydgard/ppsspp/pull/14176.patch";
-      sha256 = "sha256-ecDoOydaLfL6+eFpahcO1TnRl866mZZVHlr6Qrib1mo=";
-    })
-  ];
-
   postPatch = ''
     substituteInPlace git-version.cmake --replace unknown ${src.rev}
     substituteInPlace UI/NativeApp.cpp --replace /usr/share $out/share