diff --git a/.github/workflows/build.yml b/.github/workflows/build.yml
index 0eb3f5b4d9188..0bea8ec89a670 100644
--- a/.github/workflows/build.yml
+++ b/.github/workflows/build.yml
@@ -528,7 +528,7 @@ jobs:
       uses: cross-platform-actions/action@v0.32.0
       with:
         operating_system: freebsd
-        version: '14.3'
+        version: '15.0'
         run: |
             sudo pkg update
             sudo pkg install -y \
diff --git a/ci/build-freebsd.sh b/ci/build-freebsd.sh
index 69239b9a15dec..7ac7c4010273f 100755
--- a/ci/build-freebsd.sh
+++ b/ci/build-freebsd.sh
@@ -9,6 +9,11 @@ export LDFLAGS="$LDFLAGS -L/usr/local/lib"
 
 # TODO: re-add -Ddvbin=enabled
 
+mkdir -p subprojects
+git clone https://code.videolan.org/videolan/libplacebo.git \
+    --recurse-submodules --shallow-submodules \
+    --depth=1 --branch v7.360.1 subprojects/libplacebo
+
 meson setup build $common_args \
   -Db_sanitize=address,undefined \
   -Diconv=disabled \
diff --git a/ci/build-linux-old.sh b/ci/build-linux-old.sh
index 054adaf217e61..6e91d7b76e1d6 100755
--- a/ci/build-linux-old.sh
+++ b/ci/build-linux-old.sh
@@ -3,6 +3,11 @@ set -e
 
 . ./ci/build-common.sh
 
+mkdir -p subprojects
+git clone https://code.videolan.org/videolan/libplacebo.git \
+    --recurse-submodules --shallow-submodules \
+    --depth=1 --branch v7.360.1 subprojects/libplacebo
+
 meson setup build $common_args \
  -Dlibplacebo:vulkan=disabled \
  -Dlua=enabled \
diff --git a/ci/build-openbsd.sh b/ci/build-openbsd.sh
index 7da5f4e6e4807..e82aa7ca2a48e 100755
--- a/ci/build-openbsd.sh
+++ b/ci/build-openbsd.sh
@@ -3,6 +3,11 @@ set -e
 
 . ./ci/build-common.sh
 
+mkdir -p subprojects
+git clone https://code.videolan.org/videolan/libplacebo.git \
+    --recurse-submodules --shallow-submodules \
+    --depth=1 --branch v7.360.1 subprojects/libplacebo
+
 meson setup build $common_args \
   -Dffmpeg:vulkan=auto \
   -Dffmpeg:werror=false \
diff --git a/meson.build b/meson.build
index 5ffe5597688f2..84b41dface1ec 100644
--- a/meson.build
+++ b/meson.build
@@ -26,7 +26,7 @@ libavutil = dependency('libavutil', version: '>= 58.29.100')
 libswresample = dependency('libswresample', version: '>= 4.12.100')
 libswscale = dependency('libswscale', version: '>= 7.5.100')
 
-libplacebo = dependency('libplacebo', version: '>=6.338.2',
+libplacebo = dependency('libplacebo', version: '>=7.360.1',
                 default_options: ['default_library=static', 'demos=false'])
 
 libass = dependency('libass', version: '>= 0.12.2')
diff --git a/player/command.c b/player/command.c
index ae38ed9c8b297..751f676921598 100644
--- a/player/command.c
+++ b/player/command.c
@@ -2422,16 +2422,9 @@ static int property_imgparams(const struct mp_image_params *p, int action, void
         for (int i = 0; i < desc.num_planes; i++)
             bpp += desc.bpp[i] >> (desc.xs[i] + desc.ys[i]);
 
-#if PL_API_VER >= 344
         // If PL_ALPHA_NONE is supported, use it directly, unless in auto mode.
         if ((desc.flags & MP_IMGFLAG_ALPHA) && alpha == PL_ALPHA_UNKNOWN)
             alpha = PL_ALPHA_INDEPENDENT;
-#else
-        // Alpha type is not supported by FFmpeg, so PL_ALPHA_UNKNOWN may mean alpha
-        // is of an unknown type, or simply not present. Normalize to AUTO=no alpha.
-        if (!!(desc.flags & MP_IMGFLAG_ALPHA) != (alpha != PL_ALPHA_UNKNOWN))
-            alpha = (desc.flags & MP_IMGFLAG_ALPHA) ? PL_ALPHA_INDEPENDENT : PL_ALPHA_UNKNOWN;
-#endif
     }
 
     const struct pl_hdr_metadata *hdr = &p->color.hdr;
diff --git a/video/csputils.c b/video/csputils.c
index 2f50fbd2311d1..0b618afc6a2dc 100644
--- a/video/csputils.c
+++ b/video/csputils.c
@@ -43,10 +43,8 @@ const struct m_opt_choice_alternatives pl_csp_names[] = {
     {"rgb",         PL_COLOR_SYSTEM_RGB},
     {"xyz",         PL_COLOR_SYSTEM_XYZ},
     {"ycgco",       PL_COLOR_SYSTEM_YCGCO},
-#if PL_API_VER >= 358
     {"ycgco-re",    PL_COLOR_SYSTEM_YCGCO_RE},
     {"ycgco-ro",    PL_COLOR_SYSTEM_YCGCO_RO},
-#endif
     {0}
 };
 
@@ -127,9 +125,7 @@ const struct m_opt_choice_alternatives pl_alpha_names[] = {
     {"auto",        PL_ALPHA_UNKNOWN},
     {"straight",    PL_ALPHA_INDEPENDENT},
     {"premul",      PL_ALPHA_PREMULTIPLIED},
-#if PL_API_VER >= 344
     {"none",        PL_ALPHA_NONE},
-#endif
     {0}
 };
 
diff --git a/video/mp_image.c b/video/mp_image.c
index b289f51cdb714..f73f44a1d30b2 100644
--- a/video/mp_image.c
+++ b/video/mp_image.c
@@ -196,11 +196,7 @@ void mp_image_sethwfmt(struct mp_image *mpi, enum mp_imgfmt hw_fmt, enum mp_imgf
     mpi->imgfmt = hw_fmt;
     mpi->num_planes = fmt.num_planes;
     mpi->params.repr.alpha = (fmt.flags & MP_IMGFLAG_ALPHA) ? PL_ALPHA_INDEPENDENT
-#if PL_API_VER >= 344
                                                             : PL_ALPHA_NONE;
-#else
-                                                            : PL_ALPHA_UNKNOWN;
-#endif
     // Calculate bit encoding from all components (excluding alpha)
     struct pl_bit_encoding bits = {0};
     const int num_comps = mp_imgfmt_desc_get_num_comps(&fmt);
@@ -978,11 +974,9 @@ void mp_image_params_guess_csp(struct mp_image_params *params)
             params->repr.sys != PL_COLOR_SYSTEM_BT_2100_HLG &&
             params->repr.sys != PL_COLOR_SYSTEM_DOLBYVISION &&
             params->repr.sys != PL_COLOR_SYSTEM_SMPTE_240M &&
-            params->repr.sys != PL_COLOR_SYSTEM_YCGCO
-#if PL_API_VER >= 358
-            && params->repr.sys != PL_COLOR_SYSTEM_YCGCO_RE
-            && params->repr.sys != PL_COLOR_SYSTEM_YCGCO_RO
-#endif
+            params->repr.sys != PL_COLOR_SYSTEM_YCGCO &&
+            params->repr.sys != PL_COLOR_SYSTEM_YCGCO_RE &&
+            params->repr.sys != PL_COLOR_SYSTEM_YCGCO_RO
         ) {
             // Makes no sense, so guess instead
             // YCGCO should be separate, but libavcodec disagrees
@@ -1130,12 +1124,12 @@ struct mp_image *mp_image_from_av_frame(struct AVFrame *src)
         dst->params.stereo3d = p->stereo3d;
         // Might be incorrect if colorspace changes.
         dst->params.light = p->light;
-#if LIBAVUTIL_VERSION_INT < AV_VERSION_INT(60, 11, 100) || PL_API_VER < 356
+#if LIBAVUTIL_VERSION_INT < AV_VERSION_INT(60, 11, 100)
         dst->params.repr.alpha = p->repr.alpha;
 #endif
     }
 
-#if LIBAVUTIL_VERSION_INT >= AV_VERSION_INT(60, 11, 100) && PL_API_VER >= 356
+#if LIBAVUTIL_VERSION_INT >= AV_VERSION_INT(60, 11, 100)
     // mp_image_setfmt sets to PL_ALPHA_INDEPENDENT, if format has alpha.
     if (dst->params.repr.alpha == PL_ALPHA_INDEPENDENT)
         dst->params.repr.alpha = pl_alpha_from_av(src->alpha_mode);
@@ -1183,17 +1177,8 @@ struct mp_image *mp_image_from_av_frame(struct AVFrame *src)
         if (header->disable_residual_flag) {
             dst->dovi = dovi = av_buffer_alloc(sizeof(struct pl_dovi_metadata));
             MP_HANDLE_OOM(dovi);
-#if PL_API_VER >= 343
             pl_map_avdovi_metadata(&dst->params.color, &dst->params.repr,
                                    (void *)dst->dovi->data, metadata);
-#else
-            struct pl_frame frame;
-            frame.repr = dst->params.repr;
-            frame.color = dst->params.color;
-            pl_frame_map_avdovi_metadata(&frame, (void *)dst->dovi->data, metadata);
-            dst->params.repr = frame.repr;
-            dst->params.color = frame.color;
-#endif
         }
 #endif
     }
diff --git a/video/out/d3d11/context.c b/video/out/d3d11/context.c
index d51e0cc1ccf88..70c5f497079a5 100644
--- a/video/out/d3d11/context.c
+++ b/video/out/d3d11/context.c
@@ -597,7 +597,6 @@ void ra_d3d11_ctx_set_swapchain_params(struct ra_ctx *ra,
     struct priv *p = ra->priv;
     int fmt = p->opts->output_format;
 
-#if PL_API_VER >= 360
     switch (fmt) {
     case DXGI_FORMAT_R8G8B8A8_UNORM:
     case DXGI_FORMAT_B8G8R8A8_UNORM:
@@ -618,10 +617,6 @@ void ra_d3d11_ctx_set_swapchain_params(struct ra_ctx *ra,
     default:
         params->alpha_bits = ra->opts.want_alpha ? 8 : 0;
     };
-#else
-    if (fmt == DXGI_FORMAT_R8G8B8A8_UNORM || fmt == DXGI_FORMAT_B8G8R8A8_UNORM)
-        params->disable_10bit_sdr = true;
-#endif
 }
 #endif
 
diff --git a/video/out/vo_gpu_next.c b/video/out/vo_gpu_next.c
index 0968bdb6385bd..2e2369b7bed53 100644
--- a/video/out/vo_gpu_next.c
+++ b/video/out/vo_gpu_next.c
@@ -200,12 +200,8 @@ const struct m_sub_options gl_next_conf = {
             {"none",  BACKGROUND_NONE},
             {"color", BACKGROUND_COLOR},
             {"tiles", BACKGROUND_TILES}
-#if PL_API_VER < 355
-            )},
-#else
             ,{"blur", BACKGROUND_BLUR})},
         {"background-blur-radius", OPT_FLOAT(background_blur_radius)},
-#endif
         {"corner-rounding", OPT_FLOAT(corner_rounding), M_RANGE(0, 1)},
         {"interpolation-preserve", OPT_BOOL(inter_preserve)},
         {"lut", OPT_STRING(lut.opt), .flags = M_OPT_FILE},
@@ -942,17 +938,13 @@ static void apply_crop(struct pl_frame *frame, struct mp_rect crop,
 static bool set_colorspace_hint(struct priv *p, struct pl_color_space *hint)
 {
     struct ra_swapchain *sw = p->ra_ctx->swapchain;
-    enum pl_alpha_mode alpha = PL_ALPHA_UNKNOWN;
-#if PL_API_VER >= 344
-    alpha = PL_ALPHA_NONE;
-#endif
 
     struct mp_image_params params = {
         .color = hint ? *hint : pl_color_space_srgb,
         .repr = {
             .sys = PL_COLOR_SYSTEM_RGB,
             .levels = p->output_levels ? p->output_levels : PL_COLOR_LEVELS_FULL,
-            .alpha = p->ra_ctx->opts.want_alpha ? PL_ALPHA_INDEPENDENT : alpha,
+            .alpha = p->ra_ctx->opts.want_alpha ? PL_ALPHA_INDEPENDENT : PL_ALPHA_NONE,
         },
     };
 
@@ -1242,10 +1234,8 @@ static bool draw_frame(struct vo *vo, struct vo_frame *frame)
                 .pts = frame->current->pts + pts_offset,
                 .radius = pl_frame_mix_radius(&params),
                 .vsync_duration = can_interpolate ? frame->ideal_frame_vsync_duration : 0,
+                .drift_compensation = 0,
             );
-#if PL_API_VER >= 340
-            qparams.drift_compensation = 0;
-#endif
             pl_queue_update(p->queue, NULL, &qparams);
         }
         return VO_FALSE;
@@ -1323,10 +1313,8 @@ static bool draw_frame(struct vo *vo, struct vo_frame *frame)
             .radius = pl_frame_mix_radius(&params),
             .vsync_duration = can_interpolate ? frame->ideal_frame_vsync_duration : 0,
             .interpolation_threshold = opts->interpolation_threshold,
+            .drift_compensation = 0,
         );
-#if PL_API_VER >= 340
-        qparams.drift_compensation = 0;
-#endif
 
         // Depending on the vsync ratio, we may be up to half of the vsync
         // duration before the current frame time. This works fine because
@@ -1586,10 +1574,8 @@ static void video_screenshot(struct vo *vo, struct voctrl_screenshot *args)
     enum pl_queue_status status;
     struct pl_queue_params qparams = *pl_queue_params(
         .pts = p->last_pts,
+        .drift_compensation = 0,
     );
-#if PL_API_VER >= 340
-        qparams.drift_compensation = 0;
-#endif
     status = pl_queue_update(p->queue, &mix, &qparams);
     mp_assert(status != PL_QUEUE_EOF);
     if (status == PL_QUEUE_ERR) {
@@ -2497,23 +2483,15 @@ static void update_render_options(struct vo *vo)
     pars->params.disable_linear_scaling = !opts->linear_downscaling && !opts->linear_upscaling;
     pars->params.disable_fbos = opts->dumb_mode == 1;
 
-#if PL_API_VER >= 346
     static const int map_background_types[] = {
         [BACKGROUND_NONE]  = PL_CLEAR_SKIP,
         [BACKGROUND_COLOR] = PL_CLEAR_COLOR,
         [BACKGROUND_TILES] = PL_CLEAR_TILES,
-#if PL_API_VER >= 355
         [BACKGROUND_BLUR]  = PL_CLEAR_BLUR,
-#endif
     };
     pars->params.background = map_background_types[opts->background];
     pars->params.border = map_background_types[p->next_opts->border_background];
-#if PL_API_VER >= 355
     pars->params.blur_radius = p->next_opts->background_blur_radius;
-#endif
-#else
-    pars->params.blend_against_tiles = opts->background == BACKGROUND_TILES;
-#endif
     pars->params.tile_size = opts->background_tile_size * 2;
     for (int i = 0; i < 2; ++i) {
         pars->params.tile_colors[i][0] = opts->background_tile_color[i].r / 255.0f;
diff --git a/video/out/vulkan/context.c b/video/out/vulkan/context.c
index efa72121054a8..9528a04f87bf6 100644
--- a/video/out/vulkan/context.c
+++ b/video/out/vulkan/context.c
@@ -425,9 +425,7 @@ bool ra_vk_ctx_init(struct ra_ctx *ctx, struct mpvk_ctx *vk,
         .surface = vk->surface,
         .present_mode = preferred_mode,
         .swapchain_depth = ctx->vo->opts->swapchain_depth,
-#if PL_API_VER >= 359
         .alpha_bits = ctx->opts.want_alpha ? 8 : 0,
-#endif
     };
 
     if (p->opts->swap_mode >= 0) // user override