Activision raises financial outlook by $150 million

Activision says Santa's going to be good to the company this year and has raised its financial expectations for the quarter and full fiscal year ending in March. Activision increased its full year net revenue by $150 million dollars to $2.45 billion, which includes costs associated with the Vivendi merger.

Activision CEO Robert Kotick notes that the company increased its market share to 16.8%, a 7.9% rally over last year. If there's any questions as to how, just look at NPD sales for November. Both Call of Duty 4 and Guitar Hero III are making this holiday season green for Activision -- plus, the company wouldn't mind squeezing just a little bit more cash before the year is done.