UE 5 Fmodstudio failed to load because module FMODStudio could not be found

Thank you for flagging, we do not currently have support for UE5.0.1. I have created a task for our dev team to add support for it in a future release.
In the meantime, I have verified that FMOD 2.02.06 is compatible with UE5.0.1 after recompiling the plugin, so please follow the steps in the UE User Guide to continue using UE5.0.1.