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Select File > Export > Create a video.
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Select a resolution for the video:
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Ultra HD (4K): Largest file size and ultra-high quality (3840 x 2160). (Only available in newer versions of PowerPoint.)
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Full HD (1080p): Large file size and full high quality (1920 x 1080).
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HD (720p): Medium file size and moderate quality (1280 x 720).
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Standard (480p): Smallest file size and lowest quality (852 x 480).
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Decide if you want to:
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Use Recorded Timings and Narrations
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Don't Use Recorded Timings and Narrations
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In the Seconds spent on each slide box, select the default time you want to spend on each slide.
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Select Create Video.
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Enter a file name and then browse to the location you want to save your video.
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In the Save As type box, select if you want to save the video as a MPEG-4 Video or Windows Media Video.
Tip: The MPEG-4 Video format is recommended for the best compatibility with video players.
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Select Save.
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It will take some time to generate the video. Check the progress bar at the bottom of the window to see when it's complete.
Source: Microsoft