I had this same issue when 25.0.7 came out. (25.0.8 doesn't fix the issue, as reported above) What appears to happen is OBS opens a new "Space" (virtual desktop) that's black, and switches into it. The Fullscreen Projector Preview is the only display that behaves correctly. It appears that if you go into System Preferences and open up the Mission Control settings, then check the "Displays have separate Spaces" option (you'll have to log out for it to take effect), this seems to make things work. (I unchecked the other boxes but I don't know if this is necessary) I haven't tested this really at all, since losing my job, I no longer have a need for OBS... but I do have time to find workarounds like this. :-) Curious to hear if this helps anyone though.