diff --git a/src/net_processing.cpp b/src/net_processing.cpp
index 4e102730fb7..c7061d52348 100644
--- a/src/net_processing.cpp
+++ b/src/net_processing.cpp
@@ -3600,7 +3600,7 @@ void PeerManagerImpl::ProcessMessage(Peer& peer, CNode& pfrom, const std::string
         }
         vRecv.ignore(8); // Ignore the addrMe service bits sent by the peer
         vRecv >> CNetAddr::V1(addrMe);
-        if (!pfrom.IsInboundConn())
+        if (!pfrom.IsInboundConn() && !pfrom.IsPrivateBroadcastConn())
         {
             // Overwrites potentially existing services. In contrast to this,
             // unvalidated services received via gossip relay in ADDR/ADDRV2
diff --git a/src/test/net_tests.cpp b/src/test/net_tests.cpp
index 1fc8d526944..32801d97b8b 100644
--- a/src/test/net_tests.cpp
+++ b/src/test/net_tests.cpp
@@ -2,6 +2,7 @@
 // Distributed under the MIT software license, see the accompanying
 // file COPYING or http://www.opensource.org/licenses/mit-license.php.
 
+#include <addrman.h>
 #include <chainparams.h>
 #include <clientversion.h>
 #include <common/args.h>
@@ -1559,4 +1560,34 @@ BOOST_AUTO_TEST_CASE(v2transport_test)
     }
 }
 
+BOOST_AUTO_TEST_CASE(private_broadcast_version_does_not_update_addrman_services)
+{
+    LOCK(NetEventsInterface::g_msgproc_mutex);
+
+    const CNetAddr source{LookupHost("2.3.4.5", /*fAllowLookup=*/false).value()};
+    const CAddress addr{Lookup("1.2.3.4", 8333, /*fAllowLookup=*/false).value(), NODE_NONE};
+    BOOST_REQUIRE(m_node.addrman->Add({addr}, source));
+    CNode node{/*id=*/0,
+               /*sock=*/nullptr,
+               /*addrIn=*/addr,
+               /*nKeyedNetGroupIn=*/0,
+               /*nLocalHostNonceIn=*/0,
+               /*addrBindIn=*/CService{},
+               /*addrNameIn=*/"",
+               /*conn_type_in=*/ConnectionType::PRIVATE_BROADCAST,
+               /*inbound_onion=*/false,
+               /*network_key=*/0};
+
+    auto& connman = static_cast<ConnmanTestMsg&>(*m_node.connman);
+    connman.Handshake(node,
+                      /*successfully_connected=*/false,
+                      /*remote_services=*/NODE_NETWORK,
+                      /*local_services=*/NODE_NONE,
+                      /*version=*/PROTOCOL_VERSION,
+                      /*relay_txs=*/true);
+
+    BOOST_CHECK_EQUAL(m_node.addrman->Select().first.nServices, NODE_NONE);
+    m_node.peerman->FinalizeNode(node);
+}
+
 BOOST_AUTO_TEST_SUITE_END()