The studio dropped the news on Reddit in response to a fan who expressed hope that the PS5 would receive an update for Hunt Showdown. Essentially, it will require a lot more work than what people initially assumed.
That is not something that can be just “squeezed in”. A change like that is huge and takes a lot of time. We have said on a few occasions that while we want to do something like that for next gen, it is high on our list of priorities right now so it’s going to be a while before something like that is added.
The Hunt Showdown update 1.19 patch notes were confirmed earlier today, so be sure to check them out here.