Yes, movies can be converted to MP4 format or HTML / Animation GIF format.
The MP4 format is suitable for multiple purposes such as uploading on a website. The HTML / Animation GIF format is a combination of multiple still images that looks like a movie without sound, and can be viewed using a web browser.
To convert movies to MP4 format, select [Edit] > [Edit/Convert Videos] > [Convert to MP4 and Save], then drag and drop the movies into the right area. To convert to HTML / Animation GIF format, select the movie and select [Edit] > [Convert] > [Convert to HTML / Animation GIF...].