Character development in online and offline modes was said to be linked. Players were able to play in both competitive and cooperative game modes with friends online, prior to the server's shutdown. The game featured a new set of levels, each sporting a set of missions to be completed by the player to unlock new characters and items, in a setup similar to the original series. Pro Skater 5 promised to couple the tight mechanics of the original series with a variety of new ideas, including the addition of power-ups and projectiles. The series had departed from its original style with the release of Tony Hawk's Underground and subsequent titles, adding many features and tweaks that some fans considered unnecessary. The name was chosen to suggest a return to the franchise's roots, being a numbered sequel to 2002's Tony Hawk's Pro Skater 4. PS3 and Xbox 360 versions were scheduled to arrive soon after. The game was slated to release on Xbox One and PlayStation 4 later that year. In a May 5th, 2015 article, Game Informer revealed that Activision and Robomodo were indeed working on Tony Hawk's Pro Skater 5, an official successor to the original Tony Hawk's Pro Skater series. Activision spokesman had to confirm that this is the working title for the upcoming game. On April 9th, Tony Hawk's caterer uploaded a photo on Instagram, leaking the Tony Hawk 5 logo.

In November 2014 Tony Hawk revealed that there is another title in works to be released in 2015 on PS4. The game also featured a focus on online multiplayer, though the servers for the game have since been taken offline. Unlike THPSHD, the game includes power-ups and shooting projectiles. THPS5 uses the same engine as THPSHD, Unreal Engine 3, and as such inherits a number of controversial features from THPSHD - namely, the physics, animations and bail fadeouts.

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