What is WEBM?
WebM is the web's own video container - Matroska slimmed down to the royalty-free codecs (VP8, VP9, AV1). Browsers play it natively and screen recorders love emitting it; the rest of the world's video tooling is distinctly lukewarm about it, which is why it so often needs converting.
What is AAC?
AAC is MP3's designated successor and the audio in most video: YouTube, streaming services, broadcast and virtually every MP4. At a given bitrate it beats MP3 audibly, particularly below 128 kbps, and every phone and browser decodes it.