An electronic device includes a hinge structure; a first housing; second housing foldably connected to the hinge structure and configured to be foldable with respect to the first housing; a first display disposed from at least a part of a first surface to at least a part of a third surface; a second display; a first sensor configured to collect sensor data related to movement of the first housing; a second sensor configured to collect sensor data related to movement of the second housing; and a processor operatively connected with the first display, the second display, the first sensor, and the second sensor. The processor is configured to: identify a folding angle between the first housing and the second housing by using the first sensor and the second sensor, select the second display based on the folding angle between the first housing and the second housing being in a first range, determine a display direction of a content, based on the sensor data obtained by the second sensor, and control the second display to display the content, based on the display direction of the content.