Dedicated hosting is much better bang for your buck, especially for bandwidth. If you do something like video streaming and have relatively predictable loads, I've found that you have to pay at least an order of magnitude more with public cloud compared to dedicated servers on OVH or Datapacket. Maxing out a 2gbps server on Datapacket would cost you just $320/month for 648 TB of outgoing bandwidth monthly, versus at…
If daily backups are enough it can’t be beat.