Actually better, because I share it with my family and no one has to deal with installing / configuring adblockers on different platforms (mobile app, TV, laptops whatever) It also includes Music so together I think it is a pretty good deal. Prices in some countries are ridiculously cheap as well (<$2 monthly in India, Turkey) , but of course that could change in time.

My only problem is the sponsored content in youtube videos, I would give some extra money to skip that crap as well.