An electronic device includes a communication device, a camera device, a display device, a processor, and a memory connected to the processor. The memory stores instructions that, when executed, cause the processor to identify, when information on a shared object based on augmented reality is received from an external electronic device through the communication device, a first location of the shared object included in the information, identify whether the first location is included within a camera view distance and a camera direction of the camera device, generate reception information of the shared object in a specified type for each condition in which the first location is included in a range of at least one of the camera view distance or the camera direction using a second location of the electronic device as a reference point, and output an augmented reality image obtained by merging the generated reception information with a real image obtained from the camera device to the display device.