Yep, big black holes eating dinner. Massive powerhouses, and some of the brightest 'objects' in the universe.
Another useful tidbit if you want to look into it on your own: Nearby, less luminous objects called AGN (Active Galactic Nuclei) are 'old quasars'. They're much closer, and so we can sometimes get a lot more detailed info out of observations of them. And yet they are in their fundamental design, the same thing.