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This video tutorial demonstrates how to reduce Excel file size without deleting data. It is advisable to save a copy of the file before making any changes. The first step is to compress picture size in Excel by selecting the picture, going to picture format, and choosing the compress option. Different compression options are available, such as 220 ppi for printing. An alternative method is to go to file, click on more, then options, and finally advanced. In the image size and quality section, select discard editing data and do not compress image file to reduce file size.