Provided is a time machine function providing method including setting, at a streaming client installed on the electronic device, a streaming session with a player installed on the electronic device to provide a live streaming service; sequentially transmitting, by the streaming client, live stream data received over a network to the player through the streaming session; setting, at the streaming client, a time machine control session with the player; receiving, at the streaming client, a time machine control request from the player through the time machine control session; and transmitting, by the streaming client, live stream data of a channel corresponding to a time machine control request that includes play location information among time machine control requests sequentially from a play location specified based on the play location information through the streaming session.