diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 71448bbd8da3..a2e68f1db2ca 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -3,7 +3,7 @@
   "google-ads-ad_manager+FILLER": "0.0.0",
   "google-ads-ad_manager-v1": "3.0.0",
   "google-ads-ad_manager-v1+FILLER": "0.0.0",
-  "google-ads-data_manager": "0.1.0",
+  "google-ads-data_manager": "0.2.0",
   "google-ads-data_manager+FILLER": "0.0.0",
   "google-ads-data_manager-v1": "0.2.0",
   "google-ads-data_manager-v1+FILLER": "0.0.0",
diff --git a/google-ads-data_manager/CHANGELOG.md b/google-ads-data_manager/CHANGELOG.md
index b3809afd4b05..a097241c867a 100644
--- a/google-ads-data_manager/CHANGELOG.md
+++ b/google-ads-data_manager/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+### 0.2.0 (2026-02-25)
+
+#### Features
+
+* add `UserListService` for creating and managing user lists ([#32774](https://github.com/googleapis/google-cloud-ruby/issues/32774)) 
+
 ### 0.1.0 (2025-10-29)
 
 #### Features
diff --git a/google-ads-data_manager/lib/google/ads/data_manager/version.rb b/google-ads-data_manager/lib/google/ads/data_manager/version.rb
index 5efe2271cad0..57434dba77a1 100644
--- a/google-ads-data_manager/lib/google/ads/data_manager/version.rb
+++ b/google-ads-data_manager/lib/google/ads/data_manager/version.rb
@@ -20,7 +20,7 @@
 module Google
   module Ads
     module DataManager
-      VERSION = "0.1.0"
+      VERSION = "0.2.0"
     end
   end
 end