Update: I switched to a development build so I could look more closely at the logs. I’ve come across this:
[2024.01.24-19.31.08:630][ 0]LogAudio: Display: Initializing Audio Device Manager…
[2024.01.24-19.31.08:630][ 0]LogAudio: Warning: Audio Device Manager Initialization Failed!
[2024.01.24-19.31.08:630][ 0]LogAudio: Display: Beginning Audio Device Manager Shutdown (Module: AudioMixerXAudio2)…
Well, that’s probably the issue. Now to find out why…