Sony remain confident that Bungie's live service shooter reboot Marathon will launch within their current fiscal year - that is, before March 31st 2026 - and are fairly sure they'll be able to share an exact release date this autumn. They've factored it into their financial forecasts, see.
They're also pretty upbeat about their live service business at large, which accounted for around 40% of first-party software revenue in their last financial quarter, though they acknowledge that they screwed the pooch with Concord, which got to exist in public for a whole couple of weeks before Sony kicked it into the sun.