Yes, it is Acrobat, latest Creative Cloud version.
Error message reads 'An error exists on this page. Acrobat may not display the page correctly. Please contact the person who created the PDF document to correct the problem.' If you move on to the next page, the file quits.
This indicates a problem with the particular file. However, a new file populated by same (but checked and re-saved images) does exactly the same, sometimes with different images failing to show as well.