The tech giant had originally planned to host an event later this week, when the company was due to make some exciting announcements - but those plans have been derailed by the protests in various cities in the US and elsewhere around the world.
Sony said on Twitter: "While we understand gamers worldwide are excited to see PS5 games, we do not feel that right now is a time for celebration.
"And for now, we want to stand back and allow more important voices to be heard."
The announcement comes shortly after Sony insisted PlayStation 5's price and launch have not changed due to coronavirus.
PlayStation bosses reassured gamers that it's still course for release later this year, despite the pandemic creating chaos in the business world.
Jim Ryan, the PlayStation boss, said: "We remain absolutely on track.
"We're going to launch this holiday, we will have a global launch. And we're greatly looking forward to it. And we very much want the gaming world to look forward to it, too."