Disclosed are a mobile terminal and a method for controlling the same. The mobile terminal includes: a memory capable of storing video data therein; a touch screen capable of receiving a touch input related to the video data; and a controller capable of reducing a play time or a capacity of the video data based on a preset reference, such that a summary of the video data is generated based on the touch input, wherein the preset reference is established based on a restriction condition of a social network service or an application for sharing the video data.