diff --git a/lib/wp/meson.build b/lib/wp/meson.build
index 498120db..62347465 100644
--- a/lib/wp/meson.build
+++ b/lib/wp/meson.build
@@ -131,7 +131,7 @@ wp_lib = library('wireplumber-' + wireplumber_api_version,
   include_directories: wp_lib_include_dir,
   dependencies : [gobject_dep, gmodule_dep, gio_dep, pipewire_dep, libintl_dep],
   soversion: wireplumber_so_version,
-  version: meson.project_version(),
+  version: wireplumber_libversion,
 )
 
 wp_dep = declare_dependency(
diff --git a/meson.build b/meson.build
index f4b08643..67746859 100644
--- a/meson.build
+++ b/meson.build
@@ -8,8 +8,16 @@ project('wireplumber', ['c'],
   ]
 )
 
+wireplumber_version = meson.project_version()
+version_arr = wireplumber_version.split('.')
+wireplumber_version_major = version_arr[0]
+wireplumber_version_minor = version_arr[1]
+wireplumber_version_micro = version_arr[2]
+
 wireplumber_api_version = '0.5'
 wireplumber_so_version = '0'
+wireplumber_libversion_minor = wireplumber_version_major.to_int() * 1000 + wireplumber_version_minor.to_int() * 100 + wireplumber_version_micro.to_int()
+wireplumber_libversion = '@0@.@1@.0'.format(wireplumber_so_version, wireplumber_libversion_minor)
 
 wireplumber_headers_dir = get_option('includedir') / 'wireplumber-' + wireplumber_api_version / 'wp'