How can I animate text like this?

There are actually several different types of animation used here.

Mostly they are text animators.

Here are a couple of tutorials on youtube that might help:

https://youtu.be/IJ3QHNQSJg8?si=yYbA3ErthxYZ5LYp

https://youtu.be/b1_p2qQf_Ts?si=bb8cJXZ8LE0hbJpK

https://youtu.be/plbsdkRhy8g?si=yiI84jzHXAE4KdWZ

It's all just a bunch of text animation presets and basic keyframe animation. Watch come tutorials, read the help. The rest is just experience and understanding basic animation principles.

Mylenium