An electronic device includes a memory, a communication interface capable of performing communication, and a processor electrically connected to the memory and the communication interface. The processor is configured to extract a first audio signal to be output through a speaker, based on audio data received from an external electronic device and/or stored in the memory, to generate a second audio signal obtained by removing the first audio signal from the audio data, and to generate a haptic signal for outputting a haptic effect, based on the second audio signal.