An electronic device includes a housing including a first housing and a second housing; a hinge unit configured to rotate the first housing and the second housing, the housing configured to move between a folded state and an unfolded state via the hinge unit; a first display disposed in a first area of the first housing and a second area of the second housing; a second display disposed in a third area of the first housing, located at an opposite side of the first area; at least one sensor; a memory configured to store an image frame set including a plurality of image frames; and at least one processor; wherein the memory stores instructions which, when executed, cause the at least one processor to obtain, via the at least one sensor, information corresponding to a folding angle between the first housing and the second housing, based on the obtained information corresponding to a first folding angle being smaller than a first reference angle, deactivate the first display and display, via the second display, an image frame included in the image frame set, based on the obtained information corresponding to a second folding angle being greater than the first reference angle, deactivate the second display and control to activate the first display, and based on the obtained information corresponding to a folding angle increasing from the second folding angle to a third folding angle, display, via the first display, image frames included in the image frame set corresponding to a plurality of folding angles between the second folding angle to the third folding angle.