diff --git a/change/@office-iss-react-native-win32-c5fa5c07-d8fd-4f47-9416-d8c07f19709c.json b/change/@office-iss-react-native-win32-c5fa5c07-d8fd-4f47-9416-d8c07f19709c.json
deleted file mode 100644
index b424c424ea9..00000000000
--- a/change/@office-iss-react-native-win32-c5fa5c07-d8fd-4f47-9416-d8c07f19709c.json
+++ /dev/null
@@ -1,7 +0,0 @@
-{
-  "type": "patch",
-  "comment": "Update to react-native 0.74.5",
-  "packageName": "@office-iss/react-native-win32",
-  "email": "30809111+acoates-ms@users.noreply.github.com",
-  "dependentChangeType": "patch"
-}
diff --git a/change/react-native-windows-8593a8e8-19ce-47b7-a557-3764ec1ebcb3.json b/change/react-native-windows-8593a8e8-19ce-47b7-a557-3764ec1ebcb3.json
deleted file mode 100644
index aad5acd4194..00000000000
--- a/change/react-native-windows-8593a8e8-19ce-47b7-a557-3764ec1ebcb3.json
+++ /dev/null
@@ -1,7 +0,0 @@
-{
-  "type": "patch",
-  "comment": "Update to react-native 0.74.5",
-  "packageName": "react-native-windows",
-  "email": "30809111+acoates-ms@users.noreply.github.com",
-  "dependentChangeType": "patch"
-}
diff --git a/packages/@office-iss/react-native-win32-tester/package.json b/packages/@office-iss/react-native-win32-tester/package.json
index 17ecefec13c..82d82d430ac 100644
--- a/packages/@office-iss/react-native-win32-tester/package.json
+++ b/packages/@office-iss/react-native-win32-tester/package.json
@@ -17,12 +17,12 @@
     "flow-enums-runtime": "^0.0.5"
   },
   "peerDependencies": {
-    "@office-iss/react-native-win32": "0.74.4",
+    "@office-iss/react-native-win32": "0.74.5",
     "react": "18.0.0",
     "react-native": "^0.74.0"
   },
   "devDependencies": {
-    "@office-iss/react-native-win32": "0.74.4",
+    "@office-iss/react-native-win32": "0.74.5",
     "@rnw-scripts/babel-react-native-config": "0.0.0",
     "@rnw-scripts/eslint-config": "1.2.9",
     "@rnw-scripts/just-task": "2.3.25",
diff --git a/packages/@office-iss/react-native-win32/CHANGELOG.json b/packages/@office-iss/react-native-win32/CHANGELOG.json
index f39b67204e8..71fa70641f6 100644
--- a/packages/@office-iss/react-native-win32/CHANGELOG.json
+++ b/packages/@office-iss/react-native-win32/CHANGELOG.json
@@ -1,6 +1,21 @@
 {
   "name": "@office-iss/react-native-win32",
   "entries": [
+    {
+      "date": "Sat, 10 Aug 2024 13:22:29 GMT",
+      "version": "0.74.5",
+      "tag": "@office-iss/react-native-win32_v0.74.5",
+      "comments": {
+        "patch": [
+          {
+            "author": "30809111+acoates-ms@users.noreply.github.com",
+            "package": "@office-iss/react-native-win32",
+            "commit": "e7ae7b835aa186672c7c89d6cad75cc37fbf4fdd",
+            "comment": "Update to react-native 0.74.5"
+          }
+        ]
+      }
+    },
     {
       "date": "Wed, 10 Jul 2024 21:00:35 GMT",
       "version": "0.74.4",
diff --git a/packages/@office-iss/react-native-win32/CHANGELOG.md b/packages/@office-iss/react-native-win32/CHANGELOG.md
index a481a3ffde0..90d08440d5d 100644
--- a/packages/@office-iss/react-native-win32/CHANGELOG.md
+++ b/packages/@office-iss/react-native-win32/CHANGELOG.md
@@ -1,9 +1,17 @@
 # Change Log - @office-iss/react-native-win32
 
-This log was last generated on Wed, 10 Jul 2024 21:00:35 GMT and should not be manually modified.
+This log was last generated on Sat, 10 Aug 2024 13:22:29 GMT and should not be manually modified.
 
 <!-- Start content -->
 
+## 0.74.5
+
+Sat, 10 Aug 2024 13:22:29 GMT
+
+### Patches
+
+- Update to react-native 0.74.5 (30809111+acoates-ms@users.noreply.github.com)
+
 ## 0.74.4
 
 Wed, 10 Jul 2024 21:00:35 GMT
diff --git a/packages/@office-iss/react-native-win32/package.json b/packages/@office-iss/react-native-win32/package.json
index 995696d0dea..d94371ae661 100644
--- a/packages/@office-iss/react-native-win32/package.json
+++ b/packages/@office-iss/react-native-win32/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@office-iss/react-native-win32",
-  "version": "0.74.4",
+  "version": "0.74.5",
   "description": "Implementation of react native on top of Office's Win32 platform.",
   "repository": {
     "type": "git",
diff --git a/packages/@react-native-windows/automation-channel/package.json b/packages/@react-native-windows/automation-channel/package.json
index 796a107dacd..54e78aecd82 100644
--- a/packages/@react-native-windows/automation-channel/package.json
+++ b/packages/@react-native-windows/automation-channel/package.json
@@ -32,7 +32,7 @@
     "prettier": "2.8.8",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15",
+    "react-native-windows": "0.74.16",
     "typescript": "5.0.4"
   },
   "files": [
diff --git a/packages/@react-native-windows/tester/package.json b/packages/@react-native-windows/tester/package.json
index 888ae4ddd33..67081f9f119 100644
--- a/packages/@react-native-windows/tester/package.json
+++ b/packages/@react-native-windows/tester/package.json
@@ -19,7 +19,7 @@
     "@react-native-picker/picker": "2.4.10",
     "react": "18.0.0",
     "react-native": "^0.74.0",
-    "react-native-windows": "0.74.15",
+    "react-native-windows": "0.74.16",
     "react-native-xaml": "^0.0.78"
   },
   "devDependencies": {
@@ -33,7 +33,7 @@
     "just-scripts": "^1.3.3",
     "react-native": "0.74.5",
     "react-native-platform-override": "^1.9.25",
-    "react-native-windows": "0.74.15",
+    "react-native-windows": "0.74.16",
     "typescript": "5.0.4"
   },
   "engines": {
diff --git a/packages/e2e-test-app-fabric/package.json b/packages/e2e-test-app-fabric/package.json
index c64bc8442cc..36357cf6001 100644
--- a/packages/e2e-test-app-fabric/package.json
+++ b/packages/e2e-test-app-fabric/package.json
@@ -21,7 +21,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15"
+    "react-native-windows": "0.74.16"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/e2e-test-app/package.json b/packages/e2e-test-app/package.json
index 727a25112c9..9717dd33508 100644
--- a/packages/e2e-test-app/package.json
+++ b/packages/e2e-test-app/package.json
@@ -21,7 +21,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15",
+    "react-native-windows": "0.74.16",
     "react-native-xaml": "^0.0.78"
   },
   "devDependencies": {
diff --git a/packages/integration-test-app/package.json b/packages/integration-test-app/package.json
index fc9bb81c783..e673f67d282 100644
--- a/packages/integration-test-app/package.json
+++ b/packages/integration-test-app/package.json
@@ -18,7 +18,7 @@
     "chai": "^4.2.0",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15"
+    "react-native-windows": "0.74.16"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/playground/package.json b/packages/playground/package.json
index 4e83d94495d..39dc666ddb7 100644
--- a/packages/playground/package.json
+++ b/packages/playground/package.json
@@ -17,7 +17,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15"
+    "react-native-windows": "0.74.16"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/sample-apps/package.json b/packages/sample-apps/package.json
index fe4d39e590e..6f4de1bb756 100644
--- a/packages/sample-apps/package.json
+++ b/packages/sample-apps/package.json
@@ -17,7 +17,7 @@
     "@typescript-eslint/parser": "^5.57.1",
     "react": "18.2.0",
     "react-native": "0.74.5",
-    "react-native-windows": "0.74.15"
+    "react-native-windows": "0.74.16"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/vnext/CHANGELOG.json b/vnext/CHANGELOG.json
index 9396f5408a4..c27f6796e14 100644
--- a/vnext/CHANGELOG.json
+++ b/vnext/CHANGELOG.json
@@ -1,6 +1,21 @@
 {
   "name": "react-native-windows",
   "entries": [
+    {
+      "date": "Sat, 10 Aug 2024 13:22:29 GMT",
+      "version": "0.74.16",
+      "tag": "react-native-windows_v0.74.16",
+      "comments": {
+        "patch": [
+          {
+            "author": "30809111+acoates-ms@users.noreply.github.com",
+            "package": "react-native-windows",
+            "commit": "e7ae7b835aa186672c7c89d6cad75cc37fbf4fdd",
+            "comment": "Update to react-native 0.74.5"
+          }
+        ]
+      }
+    },
     {
       "date": "Tue, 06 Aug 2024 21:43:57 GMT",
       "version": "0.74.15",
diff --git a/vnext/CHANGELOG.md b/vnext/CHANGELOG.md
index 215b7145389..a7d06c0066a 100644
--- a/vnext/CHANGELOG.md
+++ b/vnext/CHANGELOG.md
@@ -1,9 +1,17 @@
 # Change Log - react-native-windows
 
-This log was last generated on Tue, 06 Aug 2024 21:43:57 GMT and should not be manually modified.
+This log was last generated on Sat, 10 Aug 2024 13:22:29 GMT and should not be manually modified.
 
 <!-- Start content -->
 
+## 0.74.16
+
+Sat, 10 Aug 2024 13:22:29 GMT
+
+### Patches
+
+- Update to react-native 0.74.5 (30809111+acoates-ms@users.noreply.github.com)
+
 ## 0.74.15
 
 Tue, 06 Aug 2024 21:43:57 GMT
diff --git a/vnext/PropertySheets/Generated/PackageVersion.g.props b/vnext/PropertySheets/Generated/PackageVersion.g.props
index 72a2fc125af..f62f6c37ee4 100644
--- a/vnext/PropertySheets/Generated/PackageVersion.g.props
+++ b/vnext/PropertySheets/Generated/PackageVersion.g.props
@@ -10,11 +10,11 @@
 -->
 <Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
-    <ReactNativeWindowsVersion>0.74.15</ReactNativeWindowsVersion>
+    <ReactNativeWindowsVersion>0.74.16</ReactNativeWindowsVersion>
     <ReactNativeWindowsMajor>0</ReactNativeWindowsMajor>
     <ReactNativeWindowsMinor>74</ReactNativeWindowsMinor>
-    <ReactNativeWindowsPatch>15</ReactNativeWindowsPatch>
+    <ReactNativeWindowsPatch>16</ReactNativeWindowsPatch>
     <ReactNativeWindowsCanary>false</ReactNativeWindowsCanary>
-    <ReactNativeWindowsCommitId>b555ac924fa33bd4640ec3291603117fc7dd013c</ReactNativeWindowsCommitId>
+    <ReactNativeWindowsCommitId>e7ae7b835aa186672c7c89d6cad75cc37fbf4fdd</ReactNativeWindowsCommitId>
   </PropertyGroup>
 </Project>
\ No newline at end of file
diff --git a/vnext/package.json b/vnext/package.json
index 6393a23064e..59bb1aef155 100644
--- a/vnext/package.json
+++ b/vnext/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-windows",
-  "version": "0.74.15",
+  "version": "0.74.16",
   "license": "MIT",
   "repository": {
     "type": "git",