This year's Summerburst would have taken place on June 2-3.
Among the booked artists were Martin Garrix, Steve Aoki and Icona Pop.
"We have decided to focus on the other festivals that take place during the spring and summer," writes the organizer to Dagens Nyheter.
Summerburst is a festival with electronic music that was started in 2011 at the Stockholm stadium with artists such as David Guetta, Avicii and Eric Prydz.