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AAC (Advanced Audio Coding) is a lossy audio compression format developed as the successor to MP3. It provides better sound quality at the same bitrate, making it a preferred choice for streaming and digital music services like Apple Music and YouTube. AAC supports multichannel audio, high sampling rates, and low-latency performance. It is widely supported across platforms and devices, offering a good balance between audio quality and file size.

FLAC (Free Lossless Audio Codec) is an open-source audio format that compresses audio without any loss in quality. It is ideal for audiophiles, music archiving, and professional audio storage. FLAC files are much smaller than uncompressed WAVs while preserving the exact original sound. The format supports rich metadata, fast seeking, and is compatible with many players and platforms. FLAC is widely used in music distribution where fidelity is paramount.