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Learn how to compress Microsoft PowerPoint files for email or online sharing by compressing images. Click on any image in the presentation and choose Compress Pictures in the Picture Tools Format menu. Keep the top two boxes checked and select Use default resolution. Reduce image resolution to save space. In the File Save As menu, choose Save Options and tick Discard editing data. Lower the default resolution for significant space savings. Save the presentation as a new file to create a smaller PowerPoint file.