diff --git a/packages/cli-server-api/package.json b/packages/cli-server-api/package.json
index 03675cd32..e0ce6d756 100644
--- a/packages/cli-server-api/package.json
+++ b/packages/cli-server-api/package.json
@@ -14,7 +14,7 @@
     "errorhandler": "^1.5.1",
     "nocache": "^3.0.1",
     "open": "^6.2.0",
-    "pretty-format": "^26.6.2",
+    "pretty-format": "^29.7.0",
     "serve-static": "^1.13.1",
     "ws": "^6.2.3"
   },
diff --git a/packages/cli-server-api/src/websocket/createEventsSocketEndpoint.ts b/packages/cli-server-api/src/websocket/createEventsSocketEndpoint.ts
index e400f79ce..a5979b264 100644
--- a/packages/cli-server-api/src/websocket/createEventsSocketEndpoint.ts
+++ b/packages/cli-server-api/src/websocket/createEventsSocketEndpoint.ts
@@ -1,6 +1,6 @@
 import {Server as WebSocketServer} from 'ws';
 import {logger} from '@react-native-community/cli-tools';
-import prettyFormat from 'pretty-format';
+import prettyFormat, {plugins} from 'pretty-format';
 
 /**
  * The eventsSocket websocket listens at the 'events/` for websocket
@@ -87,7 +87,7 @@ function serializeMessage(message: any) {
               highlight: true,
               maxDepth: 3,
               min: true,
-              plugins: [prettyFormat.plugins.ReactElement],
+              plugins: [plugins.ReactElement],
             }),
       ),
     };
diff --git a/yarn.lock b/yarn.lock
index b2e69f3bc..b298d7b3f 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1425,6 +1425,13 @@
   dependencies:
     "@sinclair/typebox" "^0.27.8"
 
+"@jest/schemas@^29.6.3":
+  version "29.6.3"
+  resolved "https://registry.yarnpkg.com/@jest/schemas/-/schemas-29.6.3.tgz#430b5ce8a4e0044a7e3819663305a7b3091c8e03"
+  integrity sha512-mo5j5X+jIZmJQveBKeS/clAueipV7KgiX1vMgCxam1RNYiqE1w62n0/tJJnHtjW8ZHcQco5gY85jA3mi0L+nSA==
+  dependencies:
+    "@sinclair/typebox" "^0.27.8"
+
 "@jest/source-map@^25.2.1":
   version "25.2.1"
   resolved "https://registry.yarnpkg.com/@jest/source-map/-/source-map-25.2.1.tgz#b62ecf8ae76170b08eff8859b56eb7576df34ab8"
@@ -8613,6 +8620,15 @@ pretty-format@^29.6.2:
     ansi-styles "^5.0.0"
     react-is "^18.0.0"
 
+pretty-format@^29.7.0:
+  version "29.7.0"
+  resolved "https://registry.yarnpkg.com/pretty-format/-/pretty-format-29.7.0.tgz#ca42c758310f365bfa71a0bda0a807160b776812"
+  integrity sha512-Pdlw/oPxN+aXdmM9R00JVC9WVFoCLTKJvDVLgmJ+qAffBMxsV85l/Lu7sNx4zSzPyoL2euImuEwHhOXdEgNFZQ==
+  dependencies:
+    "@jest/schemas" "^29.6.3"
+    ansi-styles "^5.0.0"
+    react-is "^18.0.0"
+
 private@^0.1.8:
   version "0.1.8"
   resolved "https://registry.yarnpkg.com/private/-/private-0.1.8.tgz#2381edb3689f7a53d653190060fcf822d2f368ff"
@@ -9701,7 +9717,16 @@ string-natural-compare@^3.0.1:
   resolved "https://registry.yarnpkg.com/string-natural-compare/-/string-natural-compare-3.0.1.tgz#7a42d58474454963759e8e8b7ae63d71c1e7fdf4"
   integrity sha512-n3sPwynL1nwKi3WJ6AIsClwBMa0zTi54fn2oLU6ndfTSIO05xaznjSf15PcBZU6FNWbmN5Q6cxT4V5hGvB4taw==
 
-"string-width-cjs@npm:string-width@^4.2.0", "string-width@^1.0.2 || 2 || 3 || 4", string-width@^4.1.0, string-width@^4.2.0, string-width@^4.2.3:
+"string-width-cjs@npm:string-width@^4.2.0":
+  version "4.2.3"
+  resolved "https://registry.yarnpkg.com/string-width/-/string-width-4.2.3.tgz#269c7117d27b05ad2e536830a8ec895ef9c6d010"
+  integrity sha512-wKyQRQpjJ0sIp62ErSZdGsjMJWsap5oRNihHhu6G7JVO/9jIB6UyevL+tXuOqrng8j/cxKTWyWUwvSTriiZz/g==
+  dependencies:
+    emoji-regex "^8.0.0"
+    is-fullwidth-code-point "^3.0.0"
+    strip-ansi "^6.0.1"
+
+"string-width@^1.0.2 || 2 || 3 || 4", string-width@^4.1.0, string-width@^4.2.0, string-width@^4.2.3:
   version "4.2.3"
   resolved "https://registry.yarnpkg.com/string-width/-/string-width-4.2.3.tgz#269c7117d27b05ad2e536830a8ec895ef9c6d010"
   integrity sha512-wKyQRQpjJ0sIp62ErSZdGsjMJWsap5oRNihHhu6G7JVO/9jIB6UyevL+tXuOqrng8j/cxKTWyWUwvSTriiZz/g==
@@ -9796,7 +9821,7 @@ string_decoder@~1.1.1:
   dependencies:
     safe-buffer "~5.1.0"
 
-"strip-ansi-cjs@npm:strip-ansi@^6.0.1", strip-ansi@^6.0.0, strip-ansi@^6.0.1:
+"strip-ansi-cjs@npm:strip-ansi@^6.0.1":
   version "6.0.1"
   resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-6.0.1.tgz#9e26c63d30f53443e9489495b2105d37b67a85d9"
   integrity sha512-Y38VPSHcqkFrCpFnQ9vuSXmquuv5oXOKpGeT6aGrr3o3Gc9AlVa6JBfUSOCnbxGGZF+/0ooI7KrPuUSztUdU5A==
@@ -9817,6 +9842,13 @@ strip-ansi@^5.0.0:
   dependencies:
     ansi-regex "^4.1.0"
 
+strip-ansi@^6.0.0, strip-ansi@^6.0.1:
+  version "6.0.1"
+  resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-6.0.1.tgz#9e26c63d30f53443e9489495b2105d37b67a85d9"
+  integrity sha512-Y38VPSHcqkFrCpFnQ9vuSXmquuv5oXOKpGeT6aGrr3o3Gc9AlVa6JBfUSOCnbxGGZF+/0ooI7KrPuUSztUdU5A==
+  dependencies:
+    ansi-regex "^5.0.1"
+
 strip-ansi@^7.0.1:
   version "7.0.1"
   resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-7.0.1.tgz#61740a08ce36b61e50e65653f07060d000975fb2"
@@ -10665,7 +10697,7 @@ wordwrap@^1.0.0:
   resolved "https://registry.yarnpkg.com/wordwrap/-/wordwrap-1.0.0.tgz#27584810891456a4171c8d0226441ade90cbcaeb"
   integrity sha1-J1hIEIkUVqQXHI0CJkQa3pDLyus=
 
-"wrap-ansi-cjs@npm:wrap-ansi@^7.0.0", wrap-ansi@^7.0.0:
+"wrap-ansi-cjs@npm:wrap-ansi@^7.0.0":
   version "7.0.0"
   resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-7.0.0.tgz#67e145cff510a6a6984bdf1152911d69d2eb9e43"
   integrity sha512-YVGIj2kamLSTxw6NsZjoBxfSwsn0ycdesmc4p+Q21c5zPuZ1pl+NfxVdxPtdHvmNVOQ6XSYG4AUtyt/Fi7D16Q==
@@ -10683,6 +10715,15 @@ wrap-ansi@^6.0.1, wrap-ansi@^6.2.0:
     string-width "^4.1.0"
     strip-ansi "^6.0.0"
 
+wrap-ansi@^7.0.0:
+  version "7.0.0"
+  resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-7.0.0.tgz#67e145cff510a6a6984bdf1152911d69d2eb9e43"
+  integrity sha512-YVGIj2kamLSTxw6NsZjoBxfSwsn0ycdesmc4p+Q21c5zPuZ1pl+NfxVdxPtdHvmNVOQ6XSYG4AUtyt/Fi7D16Q==
+  dependencies:
+    ansi-styles "^4.0.0"
+    string-width "^4.1.0"
+    strip-ansi "^6.0.0"
+
 wrap-ansi@^8.1.0:
   version "8.1.0"
   resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-8.1.0.tgz#56dc22368ee570face1b49819975d9b9a5ead214"