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In this video tutorial, the presenter demonstrates how to reduce the size of a PDF file without losing quality. The original file size is 4.1 MB. To compress the PDF, click on the link provided in the video description, select the file from your desktop, and choose between extreme compression, recommended compression, or less compression based on the file content. Once the compression level is selected, click on 'compress PDF' to start the process. After the file is uploaded and compressed, download the smaller PDF file. In this case, the file size was reduced from 4.12 MB to 876 KB, making it 76% smaller.