It is well-known that in every r-coloring of the edges of the complete bipartite graph K n,n there is a monochromatic connected component with at least 2n r vertices. It would be interesting to know whether we can additionally require that this large component be balanced; that is, is it true that in every r-coloring of K n,n there is a monochromatic component that meets both sides in at least n/r vertices?Over forty years ago, Gyárfás and Lehel [12] and independently Faudree and Schelp [7] proved that any 2-colored K n,n contains a monochromatic P n . Very recently, Bucić, Letzter and Sudakov [4] proved that every 3-colored K n,n contains a monochromatic connected matching (a matching whose edges are in the same connected component) of size ⌈n/3⌉. So the answer is strongly "yes" for 1 ≤ r ≤ 3.We provide a short proof of (a non-symmetric version of) the original question for 1 ≤ r ≤ 3; that is, every r-coloring of K m,n has a monochromatic component that meets each side in a 1/r proportion of its part size. Then, somewhat surprisingly, we show that the answer to the question is "no" for all r ≥ 4. For instance, there are 4-colorings of K n,n where the largest balanced monochromatic component has n/5 vertices in both partite classes (instead of n/4). Our constructions are based on lower bounds for the r-color bipartite Ramsey number of P 4 , denoted f (r), which is the smallest integer ℓ such that