Same issue here.
we use DRA for 100+ printers, for a business invoicing application, on several Windows Server 2022 boxes in Azure.
the DRA was working fine until mid-may, when this splwow64.exe started to crash consistently when sending a print job, or a single test page job.
server is a Windows Server 2022 in Azure, with the Datacenter Hotpatch distribution, using Azure Update Manager for patching.
the error description in DRA logs, and in Event Viewer, was not useful at all, but after "out of the box" thinking, the date when failures started evoked a possibility that the Windows Update, which correctly applied in May, may have an adverse impact.
removing the KB5087424 then rebooting the servers allowed the printing jobs to pass successfully.
Hope that MS had a corrective action in the short-term plans.
we create a couple SRs on MS Support, and also an Impact Report, a new feature, from Azure Portal.
Thx for sharing your pain previously here, this publicity helped us to go back to production, which was halted for 3 weeks...