The volume of the building is 605,000 cubic metres (21,400,000 cu ft) and it has a seating capacity of 16,000 spectators for shows and concerts, and 13,850 for ice hockey.

The steel, concrete and glass construction designed by the architects Berg Arkitektkontor AB is supported by a MERO space structure.

To commemorate the new name, the Royal Stockholm Philharmonic Orchestra recorded a performance of the Avicii song "For a Better Day", with vocals provided by fourteen-year-old Swedish singer Ella Tiritiello.

[2][8] In June 2022, it was decided to renovate and modernize the arena throughout 2024, with a view of hosting the 2025 IIHF World Championship (which is to be jointly held in Sweden and Denmark) and as part of the unclear Stockholm bid for the 2030 Winter Olympics.

The arena hosted the final of Sveriges Television's yearly music competition Melodifestivalen, Sweden's qualifier show for the Eurovision Song Contest, until 2012.

The artist, Mikael Genberg, intended it to illustrate two important symbols for Sweden: the high-technology Globe building and the traditional, simple small countryside cottage in Falu red with white trim.

[15][16] Opened in February 2010,[17] Skyview is an exterior inclined elevator which transports visitors to the top of the arena for a virtually unobstructed view of Stockholm.