What happened Shares of Chinese audio company Lizhi Inc. (NASDAQ: LIZI) jumped as much as 31.1% on Wednesday after announcing fourth-quarter 2020 financial results. Shares drifted lower throughout the day and closed up 15.5% for the day. So what Quarterly revenue rose 15% to $64.4 million as the average number of monthly users increased from 51.9 million to 58.4 million. Revenue easily topped guidance of revenue between $56.9 million and $61.5 million. Net loss for the quarter was $0.9 million. Image source: Getty Images. For the full year, revenue rose 27% to $230.3 million; net loss was $36.2 million, or $0.82 per share. On a non-generally accepted accounting principles (GAAP) basis, the loss was $0.11 per share. Now what The fact that Lizhi beat its own revenue guidance seems to be enough to push shares higher today. What investors should watch for is the company's U.S. apps gaining traction in 2021, which could be a boon for the company long term. Management said in its earnings release that its Tiya app was "among the top four social networking apps in the U.S. in November 2020," which could be a sign of wider adoption. If Lizhi can continue the momentum, this could be a great growth stock for investors. 10 stocks we like better than Lizhi Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Lizhi Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source