Google's Q1 2021 revenue was $55.1bn [0]. So EUR220m is 0.4% of one quarter's revenue.

Commercially at least, that's basically a noise-level cost of doing business. It might be that it instigates a change in market dynamics but we'll have to see.

More generally, it is another example of the growing sentiment against the big tech players - and one of the few (thus far) that have come to conclusion.

[0]: https://www.statista.com/statistics/267606/quarterly-revenue...