"Lossless WebP is typically 26% smaller than PNG, while lossy WebP can be 25-34% smaller than JPEG at equivalent quality levels"
This literally saves houndred of thousand of cost, bandwith, electricity every month on the internet. In fact, I strongly belive that this is one of the greatest contributions from Google to society just like ZSTD from Facebook.
"WebP is used by 16.7% of all websites. This means that while it's a popular image format, it's not yet the dominant format, with JPEG still holding the majority share at 73.0%, according to W3Techs. However, WebP offers significant advantages in terms of compression and file size, making it a preferred choice for many web developers. "
Image and video compression comparisons are like statistics with the right corpus and evaluation criteria you can should whatever narrative you want to push.
What about it?
"Lossless WebP is typically 26% smaller than PNG, while lossy WebP can be 25-34% smaller than JPEG at equivalent quality levels"
This literally saves houndred of thousand of cost, bandwith, electricity every month on the internet. In fact, I strongly belive that this is one of the greatest contributions from Google to society just like ZSTD from Facebook.
https://developers.google.com/speed/webp/docs/webp_study