DataDog per host pricing can be very expensive. Metrics are provided by many platforms. If you need logs too, you may look at Sumo Logic which got way cheaper metrics in typical use case.
Like any SaaS dev tool, when at scale, you negotiate and pay a fraction of the list price.
It's meaningless to look at the price of Datadog@5 hosts -- at 500 or 5000, you're paying a completely detached number from the website list price, likely a small fraction.
Which blows away the reason a lot of people/teams/companies like SaaS. Because there is no negotiation, no sales requisitions, no long lead time while they come up with a quote. You see the price you pay the price you get the service, same as anyone else.
Every SaaS provider offers discounts based on length of commitment and volume of spend. Most will say look at AWS, but even there you have list prices and private/bulk pricing. Throw in EDPs, negotiated credits, savings plans, reservations, etc and you're nowhere near list prices.
Disclaimer: I work at Sumo Logic.