How to reproduce:
1. Open the attached project "load-texture-data-on-demand-bug.zip"
2. Open Edit>Project Settings...
3. Enable Editor>Load texture data on demand in the Project Settings window
4. Restart the Editor
5. Open Assets/_Project/Scenes/Sample/SC_Sample.unity
6. Open the Game view window
7. Build And Run the project

Expected results: The Scene in the Player is the same as in the Editor
Actual results: The Scene in the Player is different than in the Editor

Reproducible with: 2022.3.11f1, 2023.1.16f1, 2023.2.0b3
Not reproducible with: 2023.2.0b4, 2023.2.0b14, 2023.3.0a11
Could not test with: 2021.3.31f1 (compilation errors in the Console window)

Reproducible on: Windows 11 22H2
Not reproducible on: No other environment tested