Is Text Rendering Broken?

I am trying to get some text to show up in my game but no matter what I do, it only shows ‘Text’ on screen. Is this a bug in version 4.9 or am I doing something wrong?

Could you provide some more details? Are trying to display text via some UMG text widget?
If yes then make sure that you just set the static text or bind it to some kind of variable and then change only it.