How does Cloudflare R2's pricing structure compare to AWS S3, particularly regarding data transfer costs?

Cloudflare R2 is designed to be highly competitive against AWS S3, especially concerning data egress costs. While both services charge for stored data and API operations, R2 offers free data egress, whereas S3 charges substantial fees for data leaving AWS to the internet. This makes R2 a much more cost-effective solution for applications with high data download volumes, such as media streaming or large file distribution.