The arena has a capacity of 30,000 to 35,000 spectators for football matches, depending on the number of people standing,[6][7] and its facilities fulfill the requirements of FIFA and UEFA for hosting international games and tournaments.

[8][non-primary source needed] With a maximum capacity of up to 40,000 and a retractable roof, the arena is able to host concerts, equestrian, motorsport, ice sports, banquettes, exhibitions, company events and shareholder meetings, in addition to football.

[citation needed] The cost was calculated to be 2.7 billion SEK including land appropriation and a new parking garage under the arena.

Financing was mostly covered by sale of land, mainly the lot where Söderstadion was situated and associated building rights for commercial premises.

"Bandyns dag" ("Bandy Day") was supposed to be arranged at the arena on 14 December 2013 with a match against IFK Vänersborg as the climax but had to be cancelled due to problems with preparing the ice.

Former players from rivals Djurgården were to play a friendly that evening in front of approximately 3,000 spectators, but the game was cancelled due to the threat.

[20][better source needed] Justin Bieber performed at the arena as a part of his Purpose World Tour on 29 and 30 September 2016.

Axwell, Sebastian Ingrosso and Steve Angello performed three reunion shows as the Swedish House Mafia at Stockholmsarenan from 2 to 4 May 2019, after they split up in March 2013 ending their One Last Tour at the Ultra Music Festival.

Laleh will be the first Swedish female artist to headline a concert at the arena, as part of her national summer tour dates in 2023.