diff --git a/doc/default/omniauth.md b/doc/default/omniauth.md
index e13e48213f..d6f67f0043 100644
--- a/doc/default/omniauth.md
+++ b/doc/default/omniauth.md
@@ -215,7 +215,7 @@ Faker::Omniauth.github #=>
     :nickname => "jackson-keeling",
     :email => "jackson.keeling@example.com",
     :name => "Jackson Keeling",
-    :image => "https://via.placeholder.com/300x300.png",
+    :image => "https://placehold.co/300x300.png",
     :urls => {
       :GitHub => "https://github.com/jackson-keeling"
     }
@@ -228,7 +228,7 @@ Faker::Omniauth.github #=>
     :raw_info => {
       :login => "jackson-keeling",
       :id => "95144751",
-      :avatar_url => "https://via.placeholder.com/300x300.png",
+      :avatar_url => "https://placehold.co/300x300.png",
       :gravatar_id => "",
       :url => "https://api.github.com/users/jackson-keeling",
       :html_url => "https://github.com/jackson-keeling",
@@ -299,7 +299,7 @@ Faker::Omniauth.auth0 #=>
     :name => "auth0|d0584e3ab2d3816be9518a56",
     :nickname => "Thurman DuBuque",
     :email => "dubuque_thurman@example.com",
-    :image => "https://via.placeholder.com/300x300.png"
+    :image => "https://placehold.co/300x300.png"
   },
   :credentials=> {
     :expires_at => 1654345109,
diff --git a/doc/default/placeholdit.md b/doc/default/placeholdit.md
index 266fba4eba..a758b4da07 100644
--- a/doc/default/placeholdit.md
+++ b/doc/default/placeholdit.md
@@ -2,13 +2,13 @@
 
 ```ruby
 # Keyword arguments: size, format, background_color, text_color, text
-Faker::Placeholdit.image #=> "https://via.placeholder.com/300x300.png"
-Faker::Placeholdit.image(size: '50x50') #=> "https://via.placeholder.com/50x50.png"
-Faker::Placeholdit.image(size: '50x50', format: 'jpg') #=> "https://via.placeholder.com/50x50.jpg"
-Faker::Placeholdit.image(size: '50x50', format: 'gif', background_color: 'ffffff') #=> "https://via.placeholder.com/50x50.gif/ffffff"
-Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: :random) #=> "https://via.placeholder.com/50x50.jpeg/39eba7"
-Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: 'ffffff', text_color: '000') #=> "https://via.placeholder.com/50x50.jpeg/ffffff/000"
-Faker::Placeholdit.image(size: '50x50', format: 'jpg', background_color: 'ffffff', text_color: '000', text: 'Some Custom Text') #=> "https://via.placeholder.com/50x50.jpg/ffffff/000?text=Some Custom Text"
+Faker::Placeholdit.image #=> "https://placehold.co/300x300.png"
+Faker::Placeholdit.image(size: '50x50') #=> "https://placehold.co/50x50.png"
+Faker::Placeholdit.image(size: '50x50', format: 'jpg') #=> "https://placehold.co/50x50.jpg"
+Faker::Placeholdit.image(size: '50x50', format: 'gif', background_color: 'ffffff') #=> "https://placehold.co/50x50.gif/ffffff"
+Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: :random) #=> "https://placehold.co/50x50.jpeg/39eba7"
+Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: 'ffffff', text_color: '000') #=> "https://placehold.co/50x50.jpeg/ffffff/000"
+Faker::Placeholdit.image(size: '50x50', format: 'jpg', background_color: 'ffffff', text_color: '000', text: 'Some Custom Text') #=> "https://placehold.co/50x50.jpg/ffffff/000?text=Some Custom Text"
 ```
 
 ## Tips
diff --git a/lib/faker/default/placeholdit.rb b/lib/faker/default/placeholdit.rb
index 35dcd4e9a2..734712f0b8 100644
--- a/lib/faker/default/placeholdit.rb
+++ b/lib/faker/default/placeholdit.rb
@@ -3,10 +3,10 @@
 module Faker
   class Placeholdit < Base
     class << self
-      SUPPORTED_FORMATS = %w[png jpg gif jpeg].freeze
+      SUPPORTED_FORMATS = %w[avif gif jpg jpeg png svg webp].freeze
 
       ##
-      # Produces a random placeholder image from https://via.placeholder.com.
+      # Produces a random placeholder image from https://placehold.co.
       #
       # @param size [String] Specifies the image's size, dimensions separated by 'x'.
       # @param format [String] Specifies the image's extension.
@@ -17,13 +17,13 @@ class << self
       #
       # @example
       #     # Keyword arguments: size, format, background_color, text_color, text
-      #   Faker::Placeholdit.image #=> "https://via.placeholder.com/300x300.png"
-      #   Faker::Placeholdit.image(size: '50x50') #=> "https://via.placeholder.com/50x50.png"
-      #   Faker::Placeholdit.image(size: '50x50', format: 'jpg') #=> "https://via.placeholder.com/50x50.jpg"
-      #   Faker::Placeholdit.image(size: '50x50', format: 'gif', background_color: 'ffffff') #=> "https://via.placeholder.com/50x50.gif/ffffff"
-      #   Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: :random) #=> "https://via.placeholder.com/50x50.jpeg/39eba7"
-      #   Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: 'ffffff', text_color: '000') #=> "https://via.placeholder.com/50x50.jpeg/ffffff/000"
-      #   Faker::Placeholdit.image(size: '50x50', format: 'jpg', background_color: 'ffffff', text_color: '000', text: 'Some Custom Text') #=> "https://via.placeholder.com/50x50.jpg/ffffff/000?text=Some Custom Text"
+      #   Faker::Placeholdit.image #=> "https://placehold.co/300x300.png"
+      #   Faker::Placeholdit.image(size: '50x50') #=> "https://placehold.co/50x50.png"
+      #   Faker::Placeholdit.image(size: '50x50', format: 'jpg') #=> "https://placehold.co/50x50.jpg"
+      #   Faker::Placeholdit.image(size: '50x50', format: 'gif', background_color: 'ffffff') #=> "https://placehold.co/50x50/ffffff/000.gif"
+      #   Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: :random) #=> "https://placehold.co/50x50/39eba7/000.jpeg"
+      #   Faker::Placeholdit.image(size: '50x50', format: 'jpeg', background_color: 'ffffff', text_color: '000') #=> "https://placehold.co/50x50/ffffff/000.jpeg"
+      #   Faker::Placeholdit.image(size: '50x50', format: 'jpg', background_color: 'ffffff', text_color: '000', text: 'Some Custom Text') #=> "https://placehold.co/50x50/ffffff/000.jpg?text=Some Custom Text"
       #
       # @faker.version 1.6.0
       def image(size: '300x300', format: 'png', background_color: nil, text_color: nil, text: nil)
@@ -35,9 +35,11 @@ def image(size: '300x300', format: 'png', background_color: nil, text_color: nil
         raise ArgumentError, "background_color must be a hex value without '#'" unless background_color.nil? || background_color =~ /((?:^\h{3}$)|(?:^\h{6}$)){1}(?!.*\H)/
         raise ArgumentError, "text_color must be a hex value without '#'" unless text_color.nil? || text_color =~ /((?:^\h{3}$)|(?:^\h{6}$)){1}(?!.*\H)/
 
-        image_url = "https://via.placeholder.com/#{size}.#{format}"
-        image_url += "/#{background_color}" if background_color
-        image_url += "/#{text_color}" if text_color
+        image_url = "https://placehold.co/#{size}"
+        if background_color || text_color
+          image_url += "/#{background_color || 'fff'}/#{text_color || '000'}"
+        end
+        image_url += ".#{format}"
         image_url += "?text=#{text}" if text
         image_url
       end
diff --git a/test/faker/default/test_placeholdit.rb b/test/faker/default/test_placeholdit.rb
index 1edef5481e..490e03a682 100644
--- a/test/faker/default/test_placeholdit.rb
+++ b/test/faker/default/test_placeholdit.rb
@@ -8,11 +8,11 @@ def setup
   end
 
   def test_placeholdit
-    refute_nil @tester.image.match(%r{https://via\.placeholder\.com/(.+)(png?)})[1]
+    refute_nil @tester.image.match(%r{https://placehold\.co/(.+)(png?)})[1]
   end
 
   def test_avatar_with_custom_size
-    assert_equal('3x3', @tester.image(size: '3x3').match(%r{https://via\.placeholder\.com/+(\d+x\d+)})[1])
+    assert_equal('3x3', @tester.image(size: '3x3').match(%r{https://placehold\.co/+(\d+x\d+)})[1])
   end
 
   def test_avatar_with_incorrect_size
@@ -22,7 +22,7 @@ def test_avatar_with_incorrect_size
   end
 
   def test_avatar_with_supported_format
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)}, @tester.image(size: '300x300', format: 'jpg')
+    assert_match %r{https://placehold\.co/(.+)(jpg?)}, @tester.image(size: '300x300', format: 'jpg')
   end
 
   def test_avatar_with_incorrect_format
@@ -31,16 +31,20 @@ def test_avatar_with_incorrect_format
     end
   end
 
+  def test_avatar_uses_000_as_text_when_only_specifying_background
+    assert_match %r{https://placehold\.co/(.+)/ffffff/000}, @tester.image(size: '300x300', format: 'jpg', background_color: 'ffffff')
+  end
+
   def test_avatar_background_with_correct_six_char_hex
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/ffffff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'ffffff')
+    assert_match %r{https://placehold\.co/(.+)/ffffff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'ffffff')
   end
 
   def test_avatar_background_with_correct_three_char_hex
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/fff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff')
+    assert_match %r{https://placehold\.co/(.+)/fff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff')
   end
 
   def test_avatar_background_with_random_color
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/[a-f0-9]{6}}, @tester.image(size: '300x300', format: 'jpg', background_color: :random)
+    assert_match %r{https://placehold\.co/(.+)/[a-f0-9]{6}/000}, @tester.image(size: '300x300', format: 'jpg', background_color: :random)
   end
 
   def test_avatar_background_with_wrong_six_char_hex
@@ -61,16 +65,20 @@ def test_avatar_background_with_wrong_three_char_hex
     end
   end
 
+  def test_avatar_uses_fff_as_background_when_only_specifying_font_color
+    assert_match %r{https://placehold\.co/(.+)/fff/000000}, @tester.image(size: '300x300', format: 'jpg', text_color: '000000')
+  end
+
   def test_avatar_font_color_with_correct_six_char_hex
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/ffffff/000000}, @tester.image(size: '300x300', format: 'jpg', background_color: 'ffffff', text_color: '000000')
+    assert_match %r{https://placehold\.co/(.+)/ffffff/000000}, @tester.image(size: '300x300', format: 'jpg', background_color: 'ffffff', text_color: '000000')
   end
 
   def test_avatar_font_color_with_correct_three_char_hex
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/fff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000')
+    assert_match %r{https://placehold\.co/(.+)/fff}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000')
   end
 
   def test_avatar_font_color_with_random_color
-    assert_match %r{https://via\.placeholder\.com/(.+)(jpg?)/fff/[a-f0-9]{6}}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: :random)
+    assert_match %r{https://placehold\.co/(.+)/fff/[a-f0-9]{6}}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: :random)
   end
 
   def test_avatar_font_color_with_wrong_six_char_hex
@@ -92,10 +100,10 @@ def test_avatar_font_color_with_wrong_three_char_hex
   end
 
   def test_text_not_present
-    assert_match %r{https://via\.placeholder\.com/[^\\?]+$}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000')
+    assert_match %r{https://placehold\.co/[^\\?]+$}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000')
   end
 
   def test_text_present
-    assert_match %r{https://via\.placeholder\.com/(.+)\?text=hello}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000', text: 'hello')
+    assert_match %r{https://placehold\.co/(.+)\?text=hello}, @tester.image(size: '300x300', format: 'jpg', background_color: 'fff', text_color: '000', text: 'hello')
   end
 end