diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.cpp b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.cpp
index 2c4e45e4c28139..1b6f9379d1cb75 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.cpp
+++ b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.cpp
@@ -10,8 +10,8 @@
 #include <cxxreact/JSExecutor.h>
 #include <cxxreact/ReactMarker.h>
 #include <jsi/instrumentation.h>
+#include <react/performance/timeline/PerformanceEntryReporter.h>
 #include "NativePerformance.h"
-#include "PerformanceEntryReporter.h"
 
 #include "Plugins.h"
 
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.h b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.h
index 65c1ef07e02fab..1c95d80abd4118 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.h
+++ b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformance.h
@@ -11,14 +11,7 @@
 #include <memory>
 #include <string>
 
-#include "NativePerformanceObserver.h"
-
 namespace facebook::react {
-class PerformanceEntryReporter;
-
-#pragma mark - Structs
-
-#pragma mark - implementation
 
 class NativePerformance : public NativePerformanceCxxSpec<NativePerformance> {
  public:
@@ -54,8 +47,6 @@ class NativePerformance : public NativePerformanceCxxSpec<NativePerformance> {
   // tracking.
   std::unordered_map<std::string, double> getReactNativeStartupTiming(
       jsi::Runtime& rt);
-
- private:
 };
 
 } // namespace facebook::react
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.cpp b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.cpp
index 5bd4e8f2aac4ba..ca5bbbfe076d1e 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.cpp
+++ b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.cpp
@@ -8,8 +8,8 @@
 #include <memory>
 
 #include "NativePerformanceObserver.h"
-#include "PerformanceEntryReporter.h"
 
+#include <react/performance/timeline/PerformanceEntryReporter.h>
 #include <react/renderer/uimanager/UIManagerBinding.h>
 #include <react/utils/CoreFeatures.h>
 
@@ -80,7 +80,14 @@ NativePerformanceObserver::popPendingEntries(jsi::Runtime& /*rt*/) {
 void NativePerformanceObserver::setOnPerformanceEntryCallback(
     jsi::Runtime& /*rt*/,
     std::optional<AsyncCallback<>> callback) {
-  PerformanceEntryReporter::getInstance().setReportingCallback(callback);
+  if (callback) {
+    PerformanceEntryReporter::getInstance().setReportingCallback(
+        [callback = std::move(callback)]() {
+          callback->callWithPriority(SchedulerPriority::IdlePriority);
+        });
+  } else {
+    PerformanceEntryReporter::getInstance().setReportingCallback(nullptr);
+  }
 }
 
 void NativePerformanceObserver::logRawEntry(
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.h b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.h
index 8980908bb4e0d5..9ef3506695e733 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.h
+++ b/packages/react-native/ReactCommon/react/nativemodule/webperformance/NativePerformanceObserver.h
@@ -8,11 +8,11 @@
 #pragma once
 
 #include <FBReactNativeSpec/FBReactNativeSpecJSI.h>
+#include <react/performance/timeline/PerformanceEntryReporter.h>
 #include <functional>
 #include <optional>
 #include <string>
 #include <vector>
-#include "PerformanceEntryReporter.h"
 
 namespace facebook::react {
 
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/BoundedConsumableBuffer.h b/packages/react-native/ReactCommon/react/performance/timeline/BoundedConsumableBuffer.h
similarity index 100%
rename from packages/react-native/ReactCommon/react/nativemodule/webperformance/BoundedConsumableBuffer.h
rename to packages/react-native/ReactCommon/react/performance/timeline/BoundedConsumableBuffer.h
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.cpp b/packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.cpp
similarity index 99%
rename from packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.cpp
rename to packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.cpp
index 60669bde4d188e..756877d17e0860 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.cpp
+++ b/packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.cpp
@@ -30,8 +30,8 @@ PerformanceEntryReporter::PerformanceEntryReporter() {
 }
 
 void PerformanceEntryReporter::setReportingCallback(
-    std::optional<AsyncCallback<>> callback) {
-  callback_ = callback;
+    std::function<void()> callback) {
+  callback_ = std::move(callback);
 }
 
 DOMHighResTimeStamp PerformanceEntryReporter::getCurrentTimeStamp() const {
@@ -295,7 +295,7 @@ void PerformanceEntryReporter::logEventEntry(
 
 void PerformanceEntryReporter::scheduleFlushBuffer() {
   if (callback_) {
-    callback_->callWithPriority(SchedulerPriority::IdlePriority);
+    callback_();
   }
 }
 
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.h b/packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.h
similarity index 97%
rename from packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.h
rename to packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.h
index 287d05bdf6a2d7..13443c29d2b2d6 100644
--- a/packages/react-native/ReactCommon/react/nativemodule/webperformance/PerformanceEntryReporter.h
+++ b/packages/react-native/ReactCommon/react/performance/timeline/PerformanceEntryReporter.h
@@ -7,7 +7,6 @@
 
 #pragma once
 
-#include <react/bridging/Function.h>
 #include <react/renderer/core/EventLogger.h>
 #include <array>
 #include <functional>
@@ -99,7 +98,7 @@ class PerformanceEntryReporter : public EventLogger, public UIManagerMountHook {
     uint32_t droppedEntriesCount;
   };
 
-  void setReportingCallback(std::optional<AsyncCallback<>> callback);
+  void setReportingCallback(std::function<void()> callback);
   void startReporting(PerformanceEntryType entryType);
   void stopReporting(PerformanceEntryType entryType);
   void stopReporting();
@@ -174,11 +173,11 @@ class PerformanceEntryReporter : public EventLogger, public UIManagerMountHook {
   }
 
   void setTimeStampProvider(std::function<double()> provider) {
-    timeStampProvider_ = provider;
+    timeStampProvider_ = std::move(provider);
   }
 
  private:
-  std::optional<AsyncCallback<>> callback_;
+  std::function<void()> callback_;
 
   mutable std::mutex entriesMutex_;
   std::array<PerformanceEntryBuffer, NUM_PERFORMANCE_ENTRY_TYPES> buffers_;
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/tests/BoundedConsumableBufferTest.cpp b/packages/react-native/ReactCommon/react/performance/timeline/tests/BoundedConsumableBufferTest.cpp
similarity index 100%
rename from packages/react-native/ReactCommon/react/nativemodule/webperformance/tests/BoundedConsumableBufferTest.cpp
rename to packages/react-native/ReactCommon/react/performance/timeline/tests/BoundedConsumableBufferTest.cpp
diff --git a/packages/react-native/ReactCommon/react/nativemodule/webperformance/tests/PerformanceEntryReporterTest.cpp b/packages/react-native/ReactCommon/react/performance/timeline/tests/PerformanceEntryReporterTest.cpp
similarity index 100%
rename from packages/react-native/ReactCommon/react/nativemodule/webperformance/tests/PerformanceEntryReporterTest.cpp
rename to packages/react-native/ReactCommon/react/performance/timeline/tests/PerformanceEntryReporterTest.cpp