How much smaller will my file be?
For a typical photograph, expect roughly 20 to 35 percent. The figure depends heavily on how aggressively the source JPG was compressed, so the page shows you both byte counts rather than quoting an average.
Does converting to WebP lose quality?
Slightly, because both formats are lossy. At the quality level used here the difference is not visible at normal viewing size on photographic content, but it is a genuine second generation of loss.
Should I keep the original JPG?
Yes. Treat the WebP as a delivery copy. If you later need a different size or format, re-derive it from the JPG rather than from the WebP.
Will every browser display the result?
Every browser released in the last several years decodes WebP. If you must support genuinely ancient clients, serve both files through a picture element and let the browser choose.
Is my photo sent anywhere?
No. Decode and encode both run in your browser through canvas APIs. The download link points at a blob held in the page, and it stops existing when you close the tab.