diff --git a/package.json b/package.json
index f156e1c9730..5d90f6a5f7d 100644
--- a/package.json
+++ b/package.json
@@ -299,7 +299,7 @@
     "d3": "7.8.5",
     "d3-force": "3.0.0",
     "d3-scale-chromatic": "3.0.0",
-    "dangerously-set-html-content": "1.0.9",
+    "dangerously-set-html-content": "1.1.0",
     "date-fns": "3.3.1",
     "debounce-promise": "3.1.2",
     "diff": "^5.1.0",
diff --git a/public/app/plugins/panel/text/TextPanel.tsx b/public/app/plugins/panel/text/TextPanel.tsx
index d831532f48a..1d040905cdb 100644
--- a/public/app/plugins/panel/text/TextPanel.tsx
+++ b/public/app/plugins/panel/text/TextPanel.tsx
@@ -53,6 +53,7 @@ export function TextPanel(props: Props) {
   return (
     <CustomScrollbar autoHeightMin="100%" className={styles.containStrict}>
       <DangerouslySetHtmlContent
+        allowRerender
         html={processed.content}
         className={styles.markdown}
         data-testid="TextPanel-converted-content"
@@ -64,7 +65,7 @@ export function TextPanel(props: Props) {
 function processContent(options: Options, interpolate: InterpolateFunction, disableSanitizeHtml: boolean): string {
   let { mode, content } = options;
   if (!content) {
-    return '';
+    return ' ';
   }
 
   // Variables must be interpolated before content is converted to markdown so using variables
diff --git a/yarn.lock b/yarn.lock
index 0fa7eeddc78..e6c811ad201 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -14181,14 +14181,12 @@ __metadata:
   languageName: node
   linkType: hard
 
-"dangerously-set-html-content@npm:1.0.9":
-  version: 1.0.9
-  resolution: "dangerously-set-html-content@npm:1.0.9"
+"dangerously-set-html-content@npm:1.1.0":
+  version: 1.1.0
+  resolution: "dangerously-set-html-content@npm:1.1.0"
   peerDependencies:
-    prop-types: ^15.5.4
-    react: ^15.0.0 || ^16.0.0 || ^17.0.0
-    react-dom: ^15.0.0 || ^16.0.0 || ^17.0.0
-  checksum: 10/a30c3f1f0f4f7ef3cc723017a57f3503a9b3bf2f813e0f9f1ada69883d54bb706fc42ad0edc714713e5ce862f58403c54d46beb6fd8512144c5264cc574c78d5
+    react: ^18.2.0
+  checksum: 10/6fa055d6e435134d7deeab139d24e61ef05ee8863b1e91f86672f82e7bb3759da7f7d12dbdadf3a4d729ed236c851b2bf93c257fadae07ce285dc008e8a7cd4f
   languageName: node
   linkType: hard
 
@@ -17767,7 +17765,7 @@ __metadata:
     d3: "npm:7.8.5"
     d3-force: "npm:3.0.0"
     d3-scale-chromatic: "npm:3.0.0"
-    dangerously-set-html-content: "npm:1.0.9"
+    dangerously-set-html-content: "npm:1.1.0"
     date-fns: "npm:3.3.1"
     debounce-promise: "npm:3.1.2"
     diff: "npm:^5.1.0"