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In this YouTube tutorial, the speaker demonstrates how to add bold, underlined, or italic text to a Power BI report using HTML. The tutorial begins by creating a sample report with a single table containing one column and one row of text. The speaker then creates a measure called "dynamic text" that initially returns unformatted text from the table. They add the measure to a text placeholder in the report view. By adding HTML tags, such as "<b>" for bold, the speaker formats the text accordingly. They also mention using "&" percent" to switch between HTML and DAX coding.