diff --git a/components/brave_ads/core/internal/catalog/catalog.cc b/components/brave_ads/core/internal/catalog/catalog.cc
index 6e529bed80e5..d7f4da68bbb0 100644
--- a/components/brave_ads/core/internal/catalog/catalog.cc
+++ b/components/brave_ads/core/internal/catalog/catalog.cc
@@ -102,15 +102,15 @@ void Catalog::MaybeFetchCatalog() const {
   }
 }
 
-void Catalog::NotifyDidUpdateCatalog(const CatalogInfo& catalog) const {
+void Catalog::NotifyDidFetchCatalog(const CatalogInfo& catalog) const {
   for (CatalogObserver& observer : observers_) {
-    observer.OnDidUpdateCatalog(catalog);
+    observer.OnDidFetchCatalog(catalog);
   }
 }
 
-void Catalog::NotifyFailedToUpdateCatalog() const {
+void Catalog::NotifyFailedToFetchCatalog() const {
   for (CatalogObserver& observer : observers_) {
-    observer.OnFailedToUpdateCatalog();
+    observer.OnFailedToFetchCatalog();
   }
 }
 
@@ -138,11 +138,11 @@ void Catalog::OnDidFetchCatalog(const CatalogInfo& catalog) {
 
   SaveCatalog(catalog);
 
-  NotifyDidUpdateCatalog(catalog);
+  NotifyDidFetchCatalog(catalog);
 }
 
 void Catalog::OnFailedToFetchCatalog() {
-  NotifyFailedToUpdateCatalog();
+  NotifyFailedToFetchCatalog();
 }
 
 void Catalog::OnDidMigrateDatabase(const int /*from_version*/,
diff --git a/components/brave_ads/core/internal/catalog/catalog.h b/components/brave_ads/core/internal/catalog/catalog.h
index be142921297d..cf3d5c6ba7ff 100644
--- a/components/brave_ads/core/internal/catalog/catalog.h
+++ b/components/brave_ads/core/internal/catalog/catalog.h
@@ -46,8 +46,8 @@ class Catalog final : public AdsClientNotifierObserver,
 
   void MaybeFetchCatalog() const;
 
-  void NotifyDidUpdateCatalog(const CatalogInfo& catalog) const;
-  void NotifyFailedToUpdateCatalog() const;
+  void NotifyDidFetchCatalog(const CatalogInfo& catalog) const;
+  void NotifyFailedToFetchCatalog() const;
 
   // AdsClientNotifierObserver:
   void OnNotifyDidInitializeAds() override;
diff --git a/components/brave_ads/core/internal/catalog/catalog_observer.h b/components/brave_ads/core/internal/catalog/catalog_observer.h
index 3f6184e44303..2e114bd97aa8 100644
--- a/components/brave_ads/core/internal/catalog/catalog_observer.h
+++ b/components/brave_ads/core/internal/catalog/catalog_observer.h
@@ -14,11 +14,11 @@ struct CatalogInfo;
 
 class CatalogObserver : public base::CheckedObserver {
  public:
-  // Invoked when the catalog has updated.
-  virtual void OnDidUpdateCatalog(const CatalogInfo& catalog) {}
+  // Invoked when the catalog is successfully fetched.
+  virtual void OnDidFetchCatalog(const CatalogInfo& catalog) {}
 
-  // Invoked when the catalog failed to update.
-  virtual void OnFailedToUpdateCatalog() {}
+  // Invoked when the catalog fetch fails.
+  virtual void OnFailedToFetchCatalog() {}
 };
 
 }  // namespace brave_ads
diff --git a/components/brave_ads/core/internal/catalog/catalog_observer_mock.h b/components/brave_ads/core/internal/catalog/catalog_observer_mock.h
index c0aaf0f10457..1168f52c0c54 100644
--- a/components/brave_ads/core/internal/catalog/catalog_observer_mock.h
+++ b/components/brave_ads/core/internal/catalog/catalog_observer_mock.h
@@ -23,9 +23,9 @@ class CatalogObserverMock : public CatalogObserver {
 
   ~CatalogObserverMock() override;
 
-  MOCK_METHOD(void, OnDidUpdateCatalog, (const CatalogInfo& catalog));
+  MOCK_METHOD(void, OnDidFetchCatalog, (const CatalogInfo& catalog));
 
-  MOCK_METHOD(void, OnFailedToUpdateCatalog, ());
+  MOCK_METHOD(void, OnFailedToFetchCatalog, ());
 };
 
 }  // namespace brave_ads