In 2023, images on the web make up 41% of transmitted data, significantly impacting the performance of web apps. Fortunately, image formats like WEBP and AVIF could offer advanced compression and faster page loading but may face performance disparities across browsers. Therefore, we conducted performance evaluations on five major browsers - Chrome, Edge, Safari, Opera, and Firefox - while comparing four image formats. The results indicate that the newer formats exhibited notable performance enhancements across all browsers, leading to shorter loading times. Compared to the compressed JPEG format, WEBP and AVIF improved the Page Load Time by 21% and 15%, respectively. However, web scraping revealed that JPEG and PNG still dominate web image choices, with WEBP at 4% as the most used new format. Through the web scraping and web performance evaluation, this research serves to (1) explore image format preferences in web applications and analyze distribution and characteristics across frequently-visited sites in 2023 and (2) assess the performance impact of distinct web image formats on application load times across popular web browsers.