The album is a hip hop record produced by Teddy, 24, and R.Tee and received mixed reviews by critics.

In 2023, Lalisa earned a Guinness World Record for becoming the first album by a solo K-pop artist to reach one billion streams on Spotify.

[3] On July 25, the singer uploaded two images from her in a recording studio onto her Instagram stories, where a close-up of a screen is shown alongside two different soundwaves and the caption "What’s my name?

[10] The album was released worldwide on September 10 through YG and Interscope in conjunction with the music video for its eponymous single.

On September 14, the artist held a special live broadcast on Naver Now to promote the single album.

[22] On September 10, Lisa made the debut performance of the title track "Lalisa" on The Tonight Show Starring Jimmy Fallon.

Rhian Daly writing for NME called the album "disappointingly flat" pointing out the poor quality in song production.

[27] Allison S. Park of The Harvard Crimson stated that Lisa's "formidable rapping skills shine through" but also criticized the "absence of a cohesive lyrical narrative" in the lead single.

[28] Chase McMullen writing for Beats Per Minute felt that Lisa's confident performance took center stage and praised her ability to transition smoothly between parts in the song "as to make each component feel perfectly natural".

[30] Writing for Pinkvilla, Anwaya Mane praised Lisa's "bold and confident rap" and her "inimitable and awe-inspiring high-energy performances" as well.

[41] In November 2021, Lalisa was certified double platinum by the Korea Music Content Association (KMCA) for selling over 500,000 copies.