How much smaller will a compressed image really be?
It depends on the source, and anyone promising a fixed percentage is guessing. A 4 MB phone photo exported as PNG typically lands between 250 KB and 700 KB as WebP at 75% quality. A screenshot of flat UI shrinks far less as PNG but 60–80% as WebP. An already-optimised JPEG might only save 5–20%, and the tool will tell you so instead of pretending.
The results table shows the exact byte count before and after, plus the percentage saved per file, so you can decide with numbers rather than optimism.