diff --git a/media-libs/libwebp/Manifest b/media-libs/libwebp/Manifest
index 73a4c1c932d51..0f51424d27807 100644
--- a/media-libs/libwebp/Manifest
+++ b/media-libs/libwebp/Manifest
@@ -1 +1,2 @@
 DIST libwebp-1.4.0.tar.gz 4281370 BLAKE2B 022cef190284b69af781718a82b28ee9806d7e6b1e642ee0833e608f64f691ef918a83e99db02335fb9f60d24d6f0cfc58e7e05e99a3f13d2118719d40a71722 SHA512 1217363fbb5c860b17c2ba4612f240f121c74ced6e3e58e8aa61252a9022f59893c5874bfa433cc50a7e65bac1ae2bfa99fa2cede070183b7a467f148cebb0bd
+DIST libwebp-1.5.0.tar.gz 4267494 BLAKE2B 68e94f5592556ac4b57011a94abc651a187b23ca7cddd6791aec3f62bede7a7c176d4a67f8170a83990a6ff290a6716011bdb117818657b63bd3e21a8d5ed59e SHA512 7a39594cf5585428f82d555b05e78aa63758a56841a313c0b74dfb4996afe37dddf92498d6123ff2a949a7209fb9097927f10ee75b5a38b481f110c892e5302b
diff --git a/media-libs/libwebp/libwebp-1.5.0.ebuild b/media-libs/libwebp/libwebp-1.5.0.ebuild
new file mode 100644
index 0000000000000..3e319b8eb3740
--- /dev/null
+++ b/media-libs/libwebp/libwebp-1.5.0.ebuild
@@ -0,0 +1,73 @@
+# Copyright 1999-2025 Gentoo Authors
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI=8
+
+inherit autotools multilib-minimal
+
+MY_P="${P/_/-}"
+
+DESCRIPTION="A lossy image compression format"
+HOMEPAGE="https://developers.google.com/speed/webp/download"
+SRC_URI="https://storage.googleapis.com/downloads.webmproject.org/releases/webp/${MY_P}.tar.gz"
+S="${WORKDIR}/${MY_P}"
+
+LICENSE="BSD"
+SLOT="0/7" # subslot = libwebp soname version
+if [[ ${PV} != *_rc* ]] ; then
+	KEYWORDS="~alpha ~amd64 ~arm ~arm64 ~hppa ~loong ~m68k ~mips ~ppc ~ppc64 ~riscv ~s390 ~sparc ~x86 ~amd64-linux ~x86-linux ~arm64-macos ~ppc-macos ~x64-macos ~x64-solaris"
+fi
+IUSE="cpu_flags_arm_neon cpu_flags_x86_sse2 cpu_flags_x86_sse4_1 gif +jpeg opengl +png static-libs swap-16bit-csp tiff"
+
+# TODO: dev-lang/swig bindings in swig/ subdirectory
+RDEPEND="gif? ( media-libs/giflib:= )
+	jpeg? ( media-libs/libjpeg-turbo:= )
+	opengl? (
+		media-libs/freeglut
+		virtual/opengl
+	)
+	png? ( media-libs/libpng:= )
+	tiff? ( media-libs/tiff:= )"
+DEPEND="${RDEPEND}"
+
+PATCHES=(
+	"${FILESDIR}"/${PN}-1.2.3-libpng-pkg-config.patch
+)
+
+src_prepare() {
+	default
+	# Needed for pkg-config patch; use elibtoolize instead if that's ever dropped
+	eautoreconf
+}
+
+multilib_src_configure() {
+	local args=(
+		--enable-libwebpmux
+		--enable-libwebpdemux
+		--enable-libwebpdecoder
+		$(use_enable static-libs static)
+		$(use_enable swap-16bit-csp)
+		$(use_enable jpeg)
+		$(use_enable png)
+		$(use_enable opengl gl)
+		$(use_enable tiff)
+
+		$(use_enable cpu_flags_x86_sse2 sse2)
+		$(use_enable cpu_flags_x86_sse4_1 sse4.1)
+		$(use_enable cpu_flags_arm_neon neon)
+
+		# Only used for gif2webp binary wrt bug #486646
+		$(multilib_native_use_enable gif)
+	)
+
+	ECONF_SOURCE="${S}" econf "${args[@]}"
+}
+
+multilib_src_install() {
+	emake DESTDIR="${D}" install
+}
+
+multilib_src_install_all() {
+	find "${ED}" -type f -name "*.la" -delete || die
+	dodoc AUTHORS ChangeLog doc/*.txt NEWS README.md
+}