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This video tutorial demonstrates how to compress PDF files using Nitro Pro software. The initial PDF file size was 6.6 megabytes, and after optimization, it was reduced to 3.3 megabytes. Further optimization strategies include resampling images, removing unnecessary elements like bookmarks and file attachments, and adjusting resolution settings. By making these changes, the file size can be reduced even more, ultimately resulting in a smaller, more compact PDF document.