It's read straight into your browser's memory — not sent anywhere. There is no upload step.
Images are decoded and re-encoded by your browser's graphics engine; audio by its Web Audio engine; video by the same encoders your browser already uses to record and play media; ZIP, TAR and gzip by its built-in compression engine; legacy text encodings by its own character-set decoders; PDFs, Word, Excel and data formats are assembled byte by byte in plain JavaScript — all running on your machine.
The converted file is created locally and saved by your browser. The server only ever sent you the page — and, if you rendered a PDF to images, the PDF engine that does it, which is served from here rather than a third party.