Like on the iMovie desktop app, captions in the mobile app are added through the Titles tool.
Tap on the Titles button located in the menu bar at the bottom of the screen. You’ll be presented with a variety of title styles. Scroll through the options and select a style that works for your captions.
Once you select the style, it will appear in your timeline. You can now drag the title box to the spot in your video where you want the caption to appear.
Double-tap the text box to edit the text. Type the caption or subtitle for that section of the video. If you’ve got it written out already, copy and paste it.
To add more captions, simply repeat this process. Drag a new title box to the timeline and edit subtitles.
You can adjust the placement of each title to sync with the video.