I'm having an issue on PS5 where the audio will lag and sometimes sounds will stop and then happen all at once almost like an audio rubberbanding. I hadn't noticed this until the Gold Road chapter update was released on PS5.
After searching I've found numerous other users experiencing the same problem.
https://www.reddit.com/r/elderscrollsonline/comments/1elj1i0/arcanist_audio_delay/
I notice it most often when I'm in grouped content running like a Dungeon or something. I've tried all the usual troubleshooting steps on my end including changing my PS5 audio from Dolby Atmos to Linear PCM and no change. It's very annoying.