diff --git a/.flowconfig b/.flowconfig
index c64d6b408b06ef..20740aa788eed9 100644
--- a/.flowconfig
+++ b/.flowconfig
@@ -74,4 +74,4 @@ untyped-import
 untyped-type-import
 
 [version]
-^0.196.3
+^0.198.1
diff --git a/.flowconfig.android b/.flowconfig.android
index b205f24463a4dc..1ca85590453923 100644
--- a/.flowconfig.android
+++ b/.flowconfig.android
@@ -74,4 +74,4 @@ untyped-import
 untyped-type-import
 
 [version]
-^0.196.3
+^0.198.1
diff --git a/IntegrationTests/IntegrationTestHarnessTest.js b/IntegrationTests/IntegrationTestHarnessTest.js
index 3d76dc7c0681ee..2c4f8bd70c25de 100644
--- a/IntegrationTests/IntegrationTestHarnessTest.js
+++ b/IntegrationTests/IntegrationTestHarnessTest.js
@@ -61,6 +61,7 @@ class IntegrationTestHarnessTest extends React.Component<Props, State> {
              * native_oss) This comment suppresses an error found when Flow v0.54
              * was deployed. To see the error delete this comment and run Flow.
              */
+            // $FlowFixMe[unsafe-addition]
             this.constructor.displayName + ': '
           }
           {this.state.done ? 'Done' : 'Testing...'}
diff --git a/Libraries/Animated/nodes/AnimatedInterpolation.js b/Libraries/Animated/nodes/AnimatedInterpolation.js
index 3f972893d3a7ae..8f504c5388faae 100644
--- a/Libraries/Animated/nodes/AnimatedInterpolation.js
+++ b/Libraries/Animated/nodes/AnimatedInterpolation.js
@@ -313,6 +313,7 @@ function checkInfiniteRange<OutputT: number | string>(
      * doesn't cleanly convert to a string, like undefined, null, and object,
      * etc. If you really mean this implicit string conversion, you can do
      * something like String(myThing) */
+    // $FlowFixMe[unsafe-addition]
     name + 'cannot be ]-infinity;+infinity[ ' + arr,
   );
 }
diff --git a/Libraries/BatchedBridge/NativeModules.js b/Libraries/BatchedBridge/NativeModules.js
index 0ea6b7c5c4a83e..26961d7f830d0c 100644
--- a/Libraries/BatchedBridge/NativeModules.js
+++ b/Libraries/BatchedBridge/NativeModules.js
@@ -134,6 +134,7 @@ function genMethod(moduleID: number, methodID: number, type: MethodType) {
       const onSuccess: ?(mixed) => void = hasSuccessCallback ? lastArg : null;
       // $FlowFixMe[incompatible-type]
       const onFail: ?(mixed) => void = hasErrorCallback ? secondLastArg : null;
+      // $FlowFixMe[unsafe-addition]
       const callbackCount = hasSuccessCallback + hasErrorCallback;
       const newArgs = args.slice(0, args.length - callbackCount);
       if (type === 'sync') {
diff --git a/Libraries/Blob/URL.js b/Libraries/Blob/URL.js
index 52e63b589f9865..8763926eb22a2e 100644
--- a/Libraries/Blob/URL.js
+++ b/Libraries/Blob/URL.js
@@ -20,6 +20,7 @@ if (
 ) {
   const constants = NativeBlobModule.getConstants();
   // $FlowFixMe[incompatible-type] asserted above
+  // $FlowFixMe[unsafe-addition]
   BLOB_URL_PREFIX = constants.BLOB_URI_SCHEME + ':';
   if (typeof constants.BLOB_URI_HOST === 'string') {
     BLOB_URL_PREFIX += `//${constants.BLOB_URI_HOST}/`;
diff --git a/package.json b/package.json
index 7800fb820a33a1..ad814a8706278c 100644
--- a/package.json
+++ b/package.json
@@ -145,7 +145,7 @@
     "ws": "^6.2.2"
   },
   "devDependencies": {
-    "flow-bin": "^0.196.3",
+    "flow-bin": "^0.198.1",
     "hermes-eslint": "0.8.0",
     "mock-fs": "^5.1.4",
     "react": "18.2.0",
diff --git a/packages/rn-tester/js/examples/Layout/LayoutEventsExample.js b/packages/rn-tester/js/examples/Layout/LayoutEventsExample.js
index 4b23f887145cfc..016b0f6193ef9d 100644
--- a/packages/rn-tester/js/examples/Layout/LayoutEventsExample.js
+++ b/packages/rn-tester/js/examples/Layout/LayoutEventsExample.js
@@ -111,6 +111,7 @@ class LayoutEventExample extends React.Component<Props, State> {
                * This comment suppresses an error found when Flow v0.95 was
                * deployed. To see the error, delete this comment and run Flow.
                */
+              // $FlowFixMe[unsafe-addition]
               JSON.stringify(this.state.viewLayout, null, '  ') + '\n\n'
             }
           </Text>
diff --git a/packages/rn-tester/js/utils/RNTesterNavigationReducer.js b/packages/rn-tester/js/utils/RNTesterNavigationReducer.js
index 95f6a9694241be..ff08d7b9312814 100644
--- a/packages/rn-tester/js/utils/RNTesterNavigationReducer.js
+++ b/packages/rn-tester/js/utils/RNTesterNavigationReducer.js
@@ -44,6 +44,7 @@ const getUpdatedBookmarks = ({
       k => k !== key,
     );
   } else {
+    // $FlowFixMe[incompatible-call]
     updatedBookmarks[exampleType].push(key);
   }
 
@@ -73,6 +74,7 @@ const getUpdatedRecentlyUsed = ({
   if (existingKeys.includes(key)) {
     existingKeys = existingKeys.filter(k => k !== key);
   }
+  // $FlowFixMe[incompatible-call]
   existingKeys.unshift(key);
 
   updatedRecentlyUsed[exampleType] = existingKeys.slice(0, 5);
@@ -104,6 +106,7 @@ export const RNTesterNavigationReducer = (
         activeModuleKey: key,
         activeModuleTitle: title,
         activeModuleExampleKey: null,
+        // $FlowFixMe[incompatible-return]
         recentlyUsed: getUpdatedRecentlyUsed({
           exampleType: exampleType,
           key: key,
@@ -120,6 +123,7 @@ export const RNTesterNavigationReducer = (
     case RNTesterNavigationActionsType.BOOKMARK_PRESS:
       return {
         ...state,
+        // $FlowFixMe[incompatible-return]
         bookmarks: getUpdatedBookmarks({
           exampleType: exampleType,
           key: key,
diff --git a/repo-config/package.json b/repo-config/package.json
index 8a46c0031b52c5..9647225b95c017 100644
--- a/repo-config/package.json
+++ b/repo-config/package.json
@@ -38,7 +38,7 @@
     "eslint-plugin-react-hooks": "^4.6.0",
     "eslint-plugin-react-native": "^4.0.0",
     "eslint-plugin-relay": "^1.8.3",
-    "flow-bin": "^0.196.3",
+    "flow-bin": "^0.198.1",
     "inquirer": "^7.1.0",
     "jest": "^29.2.1",
     "jest-junit": "^10.0.0",
diff --git a/yarn.lock b/yarn.lock
index c17407e8f6e2e3..46a404e6d46ed8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4399,10 +4399,10 @@ flatted@^3.1.0:
   resolved "https://registry.yarnpkg.com/flatted/-/flatted-3.2.2.tgz#64bfed5cb68fe3ca78b3eb214ad97b63bedce561"
   integrity sha512-JaTY/wtrcSyvXJl4IMFHPKyFur1sE9AUqc0QnhOaJ0CxHtAoIV8pYDzeEfAaNEtGkOfq4gr3LBFmdXW5mOQFnA==
 
-flow-bin@^0.196.3:
-  version "0.196.3"
-  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.196.3.tgz#b6df48986a2629f2c6a26fb79d73fc07c8056af0"
-  integrity sha512-pmvjlksi1CvkSnDHpcfhDFj/KC3hwSgE2OpzvugW57dfgqfHzqX1UfZIcScGWM5AmP/IeOsQCW383k3zIbEnrA==
+flow-bin@^0.198.1:
+  version "0.198.1"
+  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.198.1.tgz#5fdad4d572bdc76f9ab24890c335e1f7addcecd4"
+  integrity sha512-9jWC1GJgV5QyeBxvT0GtTQtaw55imDRIh//C5WaS/dijl7IP34CrNY2NgBSwzif516SktkG8KylQWJaslZI2QA==
 
 flow-parser@0.*, flow-parser@^0.185.0:
   version "0.185.0"