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In this video tutorial, the process of reducing the size of a PDF file without losing quality is demonstrated. The initial file size is 4.1 MB, and by following the steps provided, the size can be significantly reduced. The key steps include selecting a compression level (extreme compression for text-only files, recommended compression for files with images), uploading the file, and downloading the compressed version. The tutorial shows a reduction in file size from 4.1 MB to 1.2 MB, resulting in a 76% decrease.