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Animated text - Oval Shape

Hey community,

I was wondering if anyone could point me in the right direction to how I can create my own version of this animated text around an oval?

My first pass at it was to create an animation in after effects and export it all as one lottie animation. I’m getting anomalies that aren’t in my animation. Like text spacing is different and when the animation plays there are stutters from time to time. Again it wasn’t in my animation. I’m looking for another way to create it since I don’t believe that’s how the website that I saw it on created it.

the website that I saw this effect on was here:

scroll to the second section