diff --git a/packages/webview_flutter/webview_flutter_android/CHANGELOG.md b/packages/webview_flutter/webview_flutter_android/CHANGELOG.md
index 03f1539a069b..f5e40c814276 100644
--- a/packages/webview_flutter/webview_flutter_android/CHANGELOG.md
+++ b/packages/webview_flutter/webview_flutter_android/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 3.9.3
+
+* Fixes bug where the `PlatformWebViewWidget` was rebuilt unnecessarily.
+
 ## 3.9.2
 
 * Fixes bug where `PlatformWebViewWidget` doesn't rebuild when the controller or PlatformView
diff --git a/packages/webview_flutter/webview_flutter_android/lib/src/android_webview_controller.dart b/packages/webview_flutter/webview_flutter_android/lib/src/android_webview_controller.dart
index 3761dd2b99df..fe4aebf8d0ce 100644
--- a/packages/webview_flutter/webview_flutter_android/lib/src/android_webview_controller.dart
+++ b/packages/webview_flutter/webview_flutter_android/lib/src/android_webview_controller.dart
@@ -784,7 +784,9 @@ class AndroidWebViewWidget extends PlatformWebViewWidget {
     return PlatformViewLink(
       // Setting a default key using `params` ensures the `PlatformViewLink`
       // recreates the PlatformView when changes are made.
-      key: _androidParams.key ?? ObjectKey(params),
+      key: _androidParams.key ??
+          ValueKey<AndroidWebViewWidgetCreationParams>(
+              params as AndroidWebViewWidgetCreationParams),
       viewType: 'plugins.flutter.io/webview',
       surfaceFactory: (
         BuildContext context,
diff --git a/packages/webview_flutter/webview_flutter_android/pubspec.yaml b/packages/webview_flutter/webview_flutter_android/pubspec.yaml
index f56b5a6a9e7e..a58baa43e41f 100644
--- a/packages/webview_flutter/webview_flutter_android/pubspec.yaml
+++ b/packages/webview_flutter/webview_flutter_android/pubspec.yaml
@@ -2,7 +2,7 @@ name: webview_flutter_android
 description: A Flutter plugin that provides a WebView widget on Android.
 repository: https://github.com/flutter/packages/tree/main/packages/webview_flutter/webview_flutter_android
 issue_tracker: https://github.com/flutter/flutter/issues?q=is%3Aissue+is%3Aopen+label%3A%22p%3A+webview%22
-version: 3.9.2
+version: 3.9.3
 
 environment:
   sdk: ">=2.18.0 <4.0.0"
diff --git a/packages/webview_flutter/webview_flutter_android/test/android_webview_controller_test.dart b/packages/webview_flutter/webview_flutter_android/test/android_webview_controller_test.dart
index f3bdb63322e9..2809a40d885c 100644
--- a/packages/webview_flutter/webview_flutter_android/test/android_webview_controller_test.dart
+++ b/packages/webview_flutter/webview_flutter_android/test/android_webview_controller_test.dart
@@ -1279,5 +1279,71 @@ void main() {
         ),
       );
     });
+
+    testWidgets(
+        'PlatformView does not rebuild when creation params stay the same',
+        (WidgetTester tester) async {
+      final MockPlatformViewsServiceProxy mockPlatformViewsService =
+          MockPlatformViewsServiceProxy();
+
+      final AndroidWebViewController controller = createControllerWithMocks();
+
+      when(
+        mockPlatformViewsService.initSurfaceAndroidView(
+          id: anyNamed('id'),
+          viewType: anyNamed('viewType'),
+          layoutDirection: anyNamed('layoutDirection'),
+          creationParams: anyNamed('creationParams'),
+          creationParamsCodec: anyNamed('creationParamsCodec'),
+          onFocus: anyNamed('onFocus'),
+        ),
+      ).thenReturn(MockSurfaceAndroidViewController());
+
+      await tester.pumpWidget(Builder(
+        builder: (BuildContext context) {
+          return AndroidWebViewWidget(
+            AndroidWebViewWidgetCreationParams(
+              controller: controller,
+              platformViewsServiceProxy: mockPlatformViewsService,
+            ),
+          ).build(context);
+        },
+      ));
+      await tester.pumpAndSettle();
+
+      verify(
+        mockPlatformViewsService.initSurfaceAndroidView(
+          id: anyNamed('id'),
+          viewType: anyNamed('viewType'),
+          layoutDirection: anyNamed('layoutDirection'),
+          creationParams: anyNamed('creationParams'),
+          creationParamsCodec: anyNamed('creationParamsCodec'),
+          onFocus: anyNamed('onFocus'),
+        ),
+      );
+
+      await tester.pumpWidget(Builder(
+        builder: (BuildContext context) {
+          return AndroidWebViewWidget(
+            AndroidWebViewWidgetCreationParams(
+              controller: controller,
+              platformViewsServiceProxy: mockPlatformViewsService,
+            ),
+          ).build(context);
+        },
+      ));
+      await tester.pumpAndSettle();
+
+      verifyNever(
+        mockPlatformViewsService.initSurfaceAndroidView(
+          id: anyNamed('id'),
+          viewType: anyNamed('viewType'),
+          layoutDirection: anyNamed('layoutDirection'),
+          creationParams: anyNamed('creationParams'),
+          creationParamsCodec: anyNamed('creationParamsCodec'),
+          onFocus: anyNamed('onFocus'),
+        ),
+      );
+    });
   });
 }
diff --git a/packages/webview_flutter/webview_flutter_wkwebview/CHANGELOG.md b/packages/webview_flutter/webview_flutter_wkwebview/CHANGELOG.md
index 35b2b8fb0afa..c541e44515ce 100644
--- a/packages/webview_flutter/webview_flutter_wkwebview/CHANGELOG.md
+++ b/packages/webview_flutter/webview_flutter_wkwebview/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 3.7.3
+
+* Fixes bug where the `PlatformWebViewWidget` was rebuilt unnecessarily.
+
 ## 3.7.2
 
 * Fixes bug where `PlatformWebViewWidget` doesn't rebuild when the controller changes.
diff --git a/packages/webview_flutter/webview_flutter_wkwebview/lib/src/webkit_webview_controller.dart b/packages/webview_flutter/webview_flutter_wkwebview/lib/src/webkit_webview_controller.dart
index 5b87a39fe0bf..764ed11d6aa8 100644
--- a/packages/webview_flutter/webview_flutter_wkwebview/lib/src/webkit_webview_controller.dart
+++ b/packages/webview_flutter/webview_flutter_wkwebview/lib/src/webkit_webview_controller.dart
@@ -668,7 +668,9 @@ class WebKitWebViewWidget extends PlatformWebViewWidget {
     return UiKitView(
       // Setting a default key using `params` ensures the `UIKitView` recreates
       // the PlatformView when changes are made.
-      key: _webKitParams.key ?? ObjectKey(params),
+      key: _webKitParams.key ??
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+              params as WebKitWebViewWidgetCreationParams),
       viewType: 'plugins.flutter.io/webview',
       onPlatformViewCreated: (_) {},
       layoutDirection: params.layoutDirection,
diff --git a/packages/webview_flutter/webview_flutter_wkwebview/pubspec.yaml b/packages/webview_flutter/webview_flutter_wkwebview/pubspec.yaml
index 6e80a3964971..6eca6da5b7ad 100644
--- a/packages/webview_flutter/webview_flutter_wkwebview/pubspec.yaml
+++ b/packages/webview_flutter/webview_flutter_wkwebview/pubspec.yaml
@@ -2,7 +2,7 @@ name: webview_flutter_wkwebview
 description: A Flutter plugin that provides a WebView widget based on Apple's WKWebView control.
 repository: https://github.com/flutter/packages/tree/main/packages/webview_flutter/webview_flutter_wkwebview
 issue_tracker: https://github.com/flutter/flutter/issues?q=is%3Aissue+is%3Aopen+label%3A%22p%3A+webview%22
-version: 3.7.2
+version: 3.7.3
 
 environment:
   sdk: ">=2.18.0 <4.0.0"
diff --git a/packages/webview_flutter/webview_flutter_wkwebview/test/webkit_webview_widget_test.dart b/packages/webview_flutter/webview_flutter_wkwebview/test/webkit_webview_widget_test.dart
index ae9ab6bd1d23..f7bd373b35bb 100644
--- a/packages/webview_flutter/webview_flutter_wkwebview/test/webkit_webview_widget_test.dart
+++ b/packages/webview_flutter/webview_flutter_wkwebview/test/webkit_webview_widget_test.dart
@@ -66,7 +66,14 @@ void main() {
       );
       await tester.pumpAndSettle();
 
-      expect(find.byKey(ObjectKey(webViewWidget.params)), findsOneWidget);
+      expect(
+        find.byKey(
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+            webViewWidget.params as WebKitWebViewWidgetCreationParams,
+          ),
+        ),
+        findsOneWidget,
+      );
 
       // Pump WebViewWidget with second controller.
       final WebKitWebViewController controller2 =
@@ -85,7 +92,81 @@ void main() {
       );
       await tester.pumpAndSettle();
 
-      expect(find.byKey(ObjectKey(webViewWidget2.params)), findsOneWidget);
+      expect(webViewWidget.params != webViewWidget2.params, isTrue);
+      expect(
+        find.byKey(
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+            webViewWidget.params as WebKitWebViewWidgetCreationParams,
+          ),
+        ),
+        findsNothing,
+      );
+      expect(
+        find.byKey(
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+            webViewWidget2.params as WebKitWebViewWidgetCreationParams,
+          ),
+        ),
+        findsOneWidget,
+      );
+    });
+
+    testWidgets(
+        'Key of the PlatformView is the same when the creation params are equal',
+        (WidgetTester tester) async {
+      final InstanceManager testInstanceManager = InstanceManager(
+        onWeakReferenceRemoved: (_) {},
+      );
+
+      final WebKitWebViewController controller =
+          createTestWebViewController(testInstanceManager);
+
+      final WebKitWebViewWidget webViewWidget = WebKitWebViewWidget(
+        WebKitWebViewWidgetCreationParams(
+          controller: controller,
+          instanceManager: testInstanceManager,
+        ),
+      );
+
+      await tester.pumpWidget(
+        Builder(
+          builder: (BuildContext context) => webViewWidget.build(context),
+        ),
+      );
+      await tester.pumpAndSettle();
+
+      expect(
+        find.byKey(
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+            webViewWidget.params as WebKitWebViewWidgetCreationParams,
+          ),
+        ),
+        findsOneWidget,
+      );
+
+      final WebKitWebViewWidget webViewWidget2 = WebKitWebViewWidget(
+        WebKitWebViewWidgetCreationParams(
+          controller: controller,
+          instanceManager: testInstanceManager,
+        ),
+      );
+
+      await tester.pumpWidget(
+        Builder(
+          builder: (BuildContext context) => webViewWidget2.build(context),
+        ),
+      );
+      await tester.pumpAndSettle();
+
+      // Can find the new widget with the key of the first widget.
+      expect(
+        find.byKey(
+          ValueKey<WebKitWebViewWidgetCreationParams>(
+            webViewWidget.params as WebKitWebViewWidgetCreationParams,
+          ),
+        ),
+        findsOneWidget,
+      );
     });
   });
 }